Interprefy Celebrates a Decade Transforming Multilingual Communication

Zurich, Switzerland, November, 28, 2024 — Interprefy is proud to mark its 10th anniversary, celebrating a decade of innovation and leadership in Remote Simultaneous Interpretation (RSI) technology. Since its inception in November 2014, our company has been at the forefront of making global communication more inclusive and accessible through cutting-edge language solutions.Over the past ten years, RSI has evolved significantly, driven by advancements in artificial intelligence (AI), neural machine translation, and real-time speech recognition. These technologies now enable near-instant multilingual translations for both in-person and virtual events, fostering seamless communication across diverse audiences.

The integration of these innovations into cloud-based platforms has not only enhanced live translation precision but also democratized access to multilingual services. This transformation has redefined global events, conferences, and summits, creating more inclusive spaces for participants worldwide.

A Decade of Milestones

Founded by Kim Ludvigsen, who currently serves as Vice Chairman, Interprefy began as a modest startup and has since grown into a leading force in the industry. Reflecting on the company’s journey, Chief Executive Officer Oddmund Braaten said, “I've been fortunate enough to be part of Interprefy's growth and success over much of the last decade, over which time we have helped deliver over 100,000 multilingual events. Our client base now includes more than 100 Fortune 500 companies, and we’ve made a significant impact on sustainability by saving 150,000 metric tonnes of CO2 emissions.”

Among the company’s remarkable achievements:

Delivering over 20 million minutes of human translation annually.
Facilitating 500,000 app downloads.
Supporting events in over 190 languages.
Integrating with more than 80 platforms.

Innovation Amidst Global Challenges

The COVID-19 pandemic presented unique challenges to the RSI industry, temporarily halting international events but accelerating demand for virtual solutions. Interprefy rose to the occasion, leveraging advances in AI and machine translation to meet evolving needs.

In September 2024, research commissioned by Interprefy highlighted a growing acceptance of AI in event translation, with 94% of event planning professionals expressing openness to incorporating AI-powered solutions. The findings, published in the report "Global Businesses and Live Translation: An Interprefy Report," underscore a shift in the event industry towards embracing hybrid solutions for global collaboration.

The research also revealed:

58% of respondents already use Remote Simultaneous Interpretation.
53.5% utilize live multilingual captions at events.

Looking to the Future

As the AI and machine translation sector is projected to reach a market value of $3 billion by 2034, Interprefy is poised to continue driving innovation in multilingual communication. “The needs of multilingual interpretation at events are evolving rapidly,” said Braaten. “We are seeing a rise in internal and training events offering multilingual support, alongside traditional conferences.”

With AI-powered tools set to expand the possibilities of live translation, Interprefy is eager to embrace the next decade. Braaten added, “As we look ahead, the use of AI will propel our services, creating more opportunities to support global collaboration. Bring on 2034!”

About Interprefy

Interprefy is a global leader in cloud-based, multilingual communication services. Founded in Switzerland, the company aims to empower global communication by providing innovative solutions that leverage advanced AI technology and human expertise, enabling seamless multilingual communication for events and gatherings worldwide. Interprefy enhances engagement, inclusivity, and sustainability in the event industry through its commitment to technological innovation and environmental responsibility.