The IACOB project is an ambitious long-term project which is contributing to step forward in our knowledge about the physical properties and evolution of Galactic massive stars. The project aims at building a large database of high-resolution, multi-epoch, spectra of Galactic OB stars, and the scientific exploitation of the database using state-of-the-art models and techniques. In this proceeding, we summarize the latest updates of the IACOB spectroscopic database and highlight some of the first scientific results from the IACOB project; we also announce the first data release and the first public version of the iacob-broad tool for the line-broadening characterization of OB-type spectra.