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 it had filed for insolvency in February of this year, after a period of financial difficulties and restructuring.
The case gains particular relevance due to the volume of public funding involved. According to data from the Mais Transparência portal, cited by the tabloid daily Correio da Manhã, Unbabel benefited from a total planned…