Portuguese unicorn Unbabel declares bankruptcy but got €13.3 million from recovery funds
Unbabel, the Portuguese unicorn specialised in Artificial Intelligence translation and automated linguistic solutions, is bankrupt owing money to around 36 creditors, including Portuguese public companies. The company, which went under in February, has received €13.3 million in funding from Portugal’s Recovery and Resilience Plan (RRP). Unbabel has been declared insolvent by a commercial court after…