Irish software company Iconic raises €400k and announces 15 new jobs

By Business & Finance
23 July 2015
Pictured (L-R) are Dr John Tinsley (co-founder & CEO, Iconic), Minister Damien English TD and Dr Páraic Sheridan (co-founder, Iconic)

Iconic Translation Machines, a leading Irish translation software company, today announces that it is creating 15 new jobs at its headquarters in Glasnevin, Dublin.

Iconic is in a prime position to grow after a successful seed funding round of over €400,000 from a number of investors including Enterprise Ireland, and business angel investment from Bloom Equity and the Boole Investment Syndicate through the Halo Business Angel Network (HBAN).

Iconic provides cloud-based translation solutions to language service and translation companies and targets a language industry that is worth in excess of €37bn annually. Its flagship product automates the translation of intellectual property documents.

Founded in 2013 by Dr John Tinsley and Dr Páraic Sheridan, Iconic’s advanced proprietary technology was born from almost a decade of research and development at the CNGL Centre at Dublin City University into developing a unique approach to machine translation with subject matter expertise for highly specialist and technical domains.

The majority of the new, highly technical roles will be allocated to machine translation specialists and software engineers, with some positions in sales and marketing. Iconic is looking to grow its presence in the financial services and life sciences sectors, following considerable success in the intellectual property field.

Welocalize, one of the top ten global language service providers, has already implemented Iconic’s translation automation service across its offices in US and China.