{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgJ6uhoAKDA","lastupdate":"2023-05-07T00:00:00.000Z","update_date":"2023-05-07T00:00:00.000Z","lastModified":"Feb 13, 2025","active":1,"confidence_score":89,"confidence_score_reason":"funding rounds, markets, not claimed","urlname":"babylon","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","hide_reason_data":{"reason":"Owner asked to hide in the meantime","visible":0},"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$SfSDzEKZ35UpNBdPfALuaVqYbgAd6OtPndIP45PM6gXX3jy0wEwx7t","name":"Babylon Software","oneliner":"Solutions for Translation and Language Learning","registrar":"515134138","website":"https://www.babylon-software.com/","careerspage":"","founded_month":9,"founded_year":1997,"formernames":[],"sociallinks":{"twitter":"","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/13247204","instagram":""},"social":["https://www.linkedin.com/company/13247204"],"flattenedsociallinks":"https://www.linkedin.com/company/13247204","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":null,"employees":"1-10","employees_exact":4,"patent":1,"raised":0,"stage":"Mature","public_stage":"Mature","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4PuD2bYLDA","primary_sector":"Education & Knowledge Technologies","alternativenames":["babilon software","Babylon Software LTD."],"about":"Babylon Software provides translation and language-learning solutions for individuals and corporations. The company's desktop tool is available as a free download and provides translations in more than 77 languages.\n\nBabylon's translator uses optical character recognition (OCR), which enables the system to identify both the term to be translated as well as the text surrounding it. Working both online and offline with just a click of a mouse, Babylon delivers instant results without the need to change applications.\n\nThe company's language solutions include professional translation of official documents, mobile apps, instant grammar correction to assist users with their writing, and language-learning programs for kids and adults.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+97248335230","country":null,"address":{"israeli":[{"id":"c9a5dbc5-601e-4322-aa13-08758c418e4c","city":"Haifa","type":null,"address":"Tchernikhovski St 35, Haifa, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"North District","news":[{"id":"7027afc3-5417-4e63-9a07-70864d4c35bc","date":"Dec 26, 2019","link":"https://en.globes.co.il/en/article-noam-lanir-to-sell-babylon-controlling-stake-1001312663","source":"en.globes.co.il","visible":1,"analysis":{"tags":"investment, acquisition","company":"Babylon Ltd.","layoffs":"N/A","summary":"Tamim Alpha Fund is increasing its stake in Babylon Ltd. from 14% to 30%. The fund will buy 23% of Babylons shares from the controlling shareholder Noam Lanir and 3% from CEO Shanit Peer Tsfoni. Tamim Alpha Fund will pay NIS 33 million at NIS 2.50 per share. Babylons share price is rising as a result of the agreement. Babylon, originally a software translation company, experienced growth in Internet marketing and advertising. The companys market cap began to fall after Google ended its collaboration in 2013.","partners":["Poalim IBI"],"customers":"N/A","investors":"Tamim Alpha Fund","confidence":8,"key_topics":["Stake Increase","Controlling Shareholder","Tamim Alpha Fund","Babylon Ltd.","Market Cap"],"date_of_event":"December 26, 2019","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Acquisition"],"acquisition_amount":"N/A","structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"WF3hnaZqFD0ocHnRMxpgsNOqpzTcH6vCSSxCSdGQAebiUnqlpkwRHJ","news_summary":"Noam Lanir sells Babylon controlling stake","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"1Z338VHN3jLSwO96euUIJ1vhvkX2loGVtQpY1UJ0Rp26qwh3YK8ACY","date":"May 23, 2018","link":"https://en.globes.co.il/en/article-amnon-ovadia-buys-babylon-translation-unit-for-2m-1001189835","source":"en.globes.co.il","visible":1,"analysis":{"tags":"arbitration, translation software, payment dispute","company":"Babylon Ltd.","layoffs":null,"summary":"An arbitrator ruled that entrepreneur Amnon Ovadia must pay Babylon $2 million to acquire the companys translation business. The ruling came after Ovadia demanded the cancellation of the agreement he signed with Babylon in 2014. Babylon argued that Ovadia had received all the necessary information during negotiations and that he signed the agreement with knowledge of the companys declining revenue. Babylons business has shifted to online marketing and advertising, but it has experienced a decline in revenue due to the termination of its cooperation with Google and changes in its business with Yahoo!. The company is seeking digital media investors.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["arbitration","translation software","payment dispute","online marketing","revenue decline"],"date_of_event":"May 23, 2017","valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Acquisition"],"acquisition_amount":null,"structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"jSGpXU4a5I6Q4rLZ1bJN5K4I4QTKWpNXJszOraNSvhDa0FZU0mN3GO","news_summary":"Ovadia to pay $2m for Babylon translation unit","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4cf26ab8-87b8-4c88-a58f-db3473ece4da","date":"Sep 18, 2014","link":"http://www.globes.co.il/en/article-babylon-sells-translation-activity-1000973111","source":"www.globes.co.il","visible":1,"analysis":{"tags":"recovery process","company":"Babylon Ltd.","layoffs":null,"summary":"Babylon Ltd. is selling its traditional translation and organizational data retrieval activity to Babylon Software, a private company founded by Babylons founder Amnon Ovadia and his wife. The sale price is $2.5 million, which will be given to Babylon in three stages. Babylon will also grant Ovadias company an eight-year license to use the Babylon brand name. Following the sale, Babylon will focus on its advertising activity based on online searches. The companys revenue from the sold activity accounted for 12% of its total revenue in the first half of 2014. Babylons net profit has decreased compared to the previous year. Babylon trades at a market cap of NIS 133 million and has announced the distribution of a NIS 125 million dividend to its shareholders.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["Babylon","translation software","sale price","revenue","dividend"],"date_of_event":"September 18, 2014","valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Acquisition"],"acquisition_amount":"$2.5 million","structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"pNOZFtEk413PpwOgFYsRJgMld93VgeDsub3vfIXMju7pvy6auE33Qr","news_summary":"Babylon sells translation activity","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"a41e8f6d-46d5-4ee0-8cf7-b38467674b71","date":"Apr 23, 2013","link":"http://gadgets.ndtv.com/internet/news/yahoo-signs-four-year-deal-with-translation-software-provider-babylon-357881","source":"gadgets.ndtv.com","visible":1,"analysis":{"tags":"cooperation agreement","company":"Babylon","layoffs":null,"summary":"Babylon has signed a four-year cooperation agreement with Yahoo Inc in the Internet sector, including on mobile devices. The agreement will involve revenue sharing from Internet advertising. Babylon expects strong revenue growth this year due to increased advertising income. The company has also filed for an IPO on Nasdaq, aiming to raise up to $115 million.","partners":["Yahoo Inc"],"customers":null,"investors":null,"confidence":9,"key_topics":["cooperation agreement","revenue sharing","advertising income","mobile applications","IPO"],"date_of_event":"2013","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Public Trading"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Public Trading","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"R830ZpGNm4GFbcUksDcSPBM7ueoT1pSs0gfRR6nr6HCPw0GvbFqK5i","news_summary":"Yahoo signs four-year deal with translation software provider Babylon","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"2387ea11-8e52-479f-a574-dda3d9f4060b","date":"Oct 29, 2012","link":"https://www.haaretz.com/israel-news/business/babylon-weighs-nixing-nasdaq-ipo-1.5195100","source":"www.haaretz.com","visible":1,"analysis":{"tags":"dual-listing","company":"Babylon","layoffs":null,"summary":"Babylon, the online translation company, is considering canceling its plans to become dual-listed on the New York and Tel Aviv stock exchanges. Controlling shareholder Noam Lanir is weighing a suggestion from another top shareholder, Reed Elsevier Ventures, to buy the shares currently trading on the Tel Aviv Stock Exchange and delist the company. This could result in the cancellation of Babylons imminent public offering on NASDAQ. The companys share price has fallen by about a third in the last three months. Despite recent positive announcements, including an agreement with Google and better-than-expected financial results, the Israeli market has responded poorly to Babylons stock. The dispute between Lanir and Babylons management over the IPO is ongoing.","partners":["Google"],"customers":null,"investors":"Reed Elsevier Ventures","confidence":8,"key_topics":["Babylon","dual-listing","NASDAQ","Tel Aviv Stock Exchange","share price"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Public Trading"],"acquisition_amount":null,"structuredIssuesShow":"#Public Trading","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"kQfkF1vywxSqY5gBfTqxBUlBJgVRtFVROKUMP9XSqg5OVdf7qerA2J","news_summary":"Israeli company Babylon considers going private","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"2e26f892-67ff-40db-a85a-7564933ada46","date":"Dec 9, 2009","link":"https://en.globes.co.il/en/article-1000520963","source":"en.globes.co.il","visible":1,"analysis":{"tags":"investment","company":"Babylon Ltd.","layoffs":null,"summary":"Noam Lanir, the controlling shareholder of Babylon Ltd., gave sellers an option to buy back their shares at double the price. Some sellers are now considering exercising this option. Kardan Technologies, a shareholder of Babylon, is considering exercising its option. Lanir has no interest in being a minority shareholder if Kardan Technologies exercises its option and may consider selling his entire stake. Reed Elsevier, another shareholder of Babylon, is displeased with the actions of David Assia, who is representing Kardan Technologies, and is reviewing its relationship with him. The share price of Babylon fell 1.2% in early trading.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["Noam Lanir","Babylon Ltd.","call option","Kardan Technologies","Reed Elsevier"],"date_of_event":"December 9, 2009","valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"R9UmWPbeablmhV8OgUmBqpDJLf0K2mkCRdGQNa4C9f7Ym5tdyj6cQR","news_summary":"Babylon sellers want back in","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"b87a1e3b-a772-43cd-9b0e-aa97f879a70d","date":"Feb 11, 2007","link":"https://en.globes.co.il/en/article-1000181835","source":"en.globes.co.il","visible":1,"analysis":{"tags":"IPO","company":"Babylon Ltd.","layoffs":null,"summary":"Babylon Ltd. plans to hold an IPO on the Tel Aviv Stock Exchange to raise NIS 32 million, with an additional NIS 64 million from future options. The company has already raised NIS 23 million in the institutional tender and aims to raise another NIS 9 million in the public tender. The underwriters for the IPO are Discount Underwiting & Issuing Ltd., Excellence Nessuah Underwriting (1993) Ltd., and Migdal Capital Markets Ltd. After the IPO, Reed Elsevier Ventures will own 15.5% of the company, Formula Vision Technologies Ltd. will own 14%, and Monitin Publishers will own 11%. The CEO of Babylon Ltd. is Dov Peer, and the company has 75 employees.","partners":null,"customers":null,"investors":["Reed Elsevier Ventures","Formula Vision Technologies Ltd.","Monitin Publishers"],"confidence":9,"key_topics":["IPO","Underwriters","Ownership","CEO","Number of Employees"],"date_of_event":"February 11, 2007","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Public Trading"],"acquisition_amount":null,"structuredIssuesShow":"#Public Trading","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ISsUNwCoGChFg8bKewDotgMLkIeCiMLO0OnFr6H5orl6QVoVFNf5uF","news_summary":"Babylon institutional offering raises NIS 23m","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"bfc81c6d-a6e0-4395-bd30-478915d7b9f2","date":"Dec 10, 2006","link":"https://en.globes.co.il/en/article-1000161207","source":"en.globes.co.il","visible":1,"analysis":{"tags":"IPO","company":"Babylon","layoffs":null,"summary":"Translation software developer Babylon is considering a TASE IPO and may raise $10 million at a company value of $40 million. The company met with investment bankers to examine the feasibility of raising funds on capital markets. Babylon is owned by Formula Vision, Reed Elsevier Publishers, Monitin Publishers, RAD Data Communications chairman Zohar Zisapel, and additional shareholders. The company employs 75 people and has developed a leading translation program.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Translation software","TASE IPO","Capital markets","Company value","Ownership"],"date_of_event":"December 10, 2006","valuation_amount":"$40 million","impact_on_company":"growth-positive","investment_amount":"$10 million","structured_issues":["Public Trading","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Public Trading  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"t0qaiVbxN710DHQtAz1yquAJeFhmujq9p67PbvVZShHQRlrMJYcxKm","news_summary":"Babylon mulls TASE IPO","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9ad26d7e-40d2-45ce-97f3-bc5dcbee1163","date":"Mar 9, 2006","link":"https://en.globes.co.il/en/article-1000069575","source":"en.globes.co.il","visible":1,"analysis":{"tags":"public trading","company":"Babylon","layoffs":null,"summary":"Babylon, a company that offers translation software, currency and measurement conversion, and access to knowledge bases, is considering a public financing round. The company has met with six investment houses to discuss the possibility of raising funds on Nasdaq. US banks have offered to raise $20 million, while Israeli banks have mentioned a sum of $6-$10 million to be raised on the Tel Aviv Stock Exchange. Babylon has estimated annual revenue of $10 million and has so far raised $16 million. The companys principal shareholders include Reed Elsevier Ventures, Formula Vision Technologies, The Monitin Group, and company founder Amnon Ovadia. Babylon is still in the preliminary stages of considering the float and no immediate plans have been made.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Nasdaq","finance","float","translation software","revenue"],"date_of_event":"2006-03-09","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Public Trading"],"acquisition_amount":null,"structuredIssuesShow":"#Public Trading","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"5NAvzypyfJkLdXsTGb51Phy1EWJSYaKD7aLC5bnbDcoazavahqvQbu","news_summary":"Babylon meets banks on possible $20m Nasdaq IPO","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"}],"newsNumber":9,"techcommunityinvolvement":null,"mediagallery":[{"id":"2dbe5f57-0d1f-4af4-87e8-031dce36462a","timestamp":"2019-04-03 10:05:27.000000","resources_type":1,"resources_title":"Document 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