Tag: babylon

Translation Nation: Israel’s translation software and services investment landscape

As the world is getting smaller as technological advances in communication and travel promote globalization – markets and people have become more accessible to one another. The chances of two people from different societies, cultures and countries meeting is pretty high, but the chances of them speaking the same language is not. As a leading startup ecosystem in the world, Israel is a hot destination for travelers in general and business travelers specifically. Moreover, Israel has a huge traveling culture. After completing their army service, Israelis traditionally take a year off to travel the world before starting school and work. Therefore, Israel has been a great source for language based apps, software and services. The Start-up Nation: a modern-day Tower of Babylon The number one most used translation service out there is Google Translate. Earlier this year, the international tech giant announced that it will provide a translation service for apps. Behind Google’s new service stand two Israeli companies, One Hour Translation and Tomedes. According to Reuters, One Hour Translation’s revenue is expected to double annually as businesses (the company already serves half of the Fortune 500) increasingly...

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What Bablyon’s new IPO filing has to say about the Israeli economy and talent

Global translation software firm, Bablyon (I’m sure you’ve seen its ads) has just filed to raise $115M. The firm, already trading in Tel Aviv for years, will list on the Nasdaq under the ticker symbol “BBYL”. The Israeli hi-tech firm’s marketcap on the TASE is just over the equivalent of $410M. The firm’s been on fire — seriously boosting traffic and revenues to the site. The company said it receives over 30M daily unique visitors to the site (wow) and has been growing its revenues at a 66% CAGR the last 3 years. Talent, startups, and future Israeli IPOs Reading through company prospectuses — especially, the section with risks to their businesses — can be extremely educational (when we launch a startup for funding on our platform, we perform a similar analysis). Front and center in the Babylon F-1 is a statement about Israeli talent — the lifeblood of any startup. [bra_blockquote align=””]Our business relies on the significant experience and expertise of our senior management and technical staff and we must continue to attract and retain highly skilled personnel...

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