DeepL Revolutionizes AI Language Solutions with $300M Investment
May 23, 2024, 3:34 pm
Location: Germany, North Rhine-Westphalia, Cologne
Employees: 201-500
Founded date: 2009
Total raised: $400M
DeepL, a Cologne-based language AI company, secures a $300 million investment at a staggering $2 billion valuation. Led by Index Ventures, the funding round also includes support from ICONIQ Growth, Teachers’ Venture Growth, and existing investors IVP, Atomico, and WiL. This injection of capital will fuel DeepL's mission to enhance its suite of AI communication tools for businesses, expand globally, and attract top talent in AI research, product development, engineering, and go-to-market strategies.
Founded in 2017 by CEO Jaroslaw Kutylowski, DeepL offers a cutting-edge language AI platform that delivers human-like translation and writing capabilities. With a focus on enterprise security, the company's solutions have been embraced by over 100,000 businesses worldwide across various sectors such as manufacturing, legal, retail, healthcare, technology, and professional services. Notable clients include Zendesk, Nikkei, Coursera, and Deutsche Bahn.
In a bid to cater to the evolving needs of businesses, DeepL recently introduced DeepL Write Pro, a specialized writing assistant tailored for business communication. Powered by its proprietary LLM technology, this new offering aims to streamline and elevate the writing process for enterprises. Additionally, DeepL has expanded its language support to include Arabic, Korean, and Norwegian, bringing the total number of supported languages to 32.
With a workforce of over 900 employees, DeepL is well-positioned to drive innovation and address the linguistic challenges faced by global companies. The company's strategic focus on research and product development underscores its commitment to delivering secure and effective AI solutions that solve real-world business problems.
As the demand for AI-powered language solutions continues to rise, DeepL's latest funding round signals a pivotal moment in the company's growth trajectory. By prioritizing product innovation, global expansion, and talent acquisition, DeepL is poised to redefine the landscape of AI communication tools for enterprise businesses.
Founded in 2017 by CEO Jaroslaw Kutylowski, DeepL offers a cutting-edge language AI platform that delivers human-like translation and writing capabilities. With a focus on enterprise security, the company's solutions have been embraced by over 100,000 businesses worldwide across various sectors such as manufacturing, legal, retail, healthcare, technology, and professional services. Notable clients include Zendesk, Nikkei, Coursera, and Deutsche Bahn.
In a bid to cater to the evolving needs of businesses, DeepL recently introduced DeepL Write Pro, a specialized writing assistant tailored for business communication. Powered by its proprietary LLM technology, this new offering aims to streamline and elevate the writing process for enterprises. Additionally, DeepL has expanded its language support to include Arabic, Korean, and Norwegian, bringing the total number of supported languages to 32.
With a workforce of over 900 employees, DeepL is well-positioned to drive innovation and address the linguistic challenges faced by global companies. The company's strategic focus on research and product development underscores its commitment to delivering secure and effective AI solutions that solve real-world business problems.
As the demand for AI-powered language solutions continues to rise, DeepL's latest funding round signals a pivotal moment in the company's growth trajectory. By prioritizing product innovation, global expansion, and talent acquisition, DeepL is poised to redefine the landscape of AI communication tools for enterprise businesses.