Deepl, The Ai-Based Language Translator, Raises Over $100M At A $1B+ Valuation

Jan 11, 2023•almost 3 years ago

Amount Raised

$100 Million

North Rhine-WestphaliaLanguage LearningArtificial Intelligence

Description

Artificial intelligence startups, and (thanks to GPT and Open AI) specifically those helping humans communicate with each other, are commanding a lot of interest from investors, and today the latest of these is announcing a big round of funding. DeepL, a startup that provides instant translation-as-a-service both to businesses and to individuals — competing with Google, Bing and other online tools — has confirmed a fundraise at a €1 billion valuation (just over $1 billion at today’s rates).

Company Information

Company

DeepL

Location

North Rhine-Westphalia, Germany

About

Helping people overcome communication barriers is the heart of what we do. Founded in Germany in 2017 by a team of engineers and researchers, DeepL has developed the world’s most accurate AI translation technology—enabling real-time, human-sounding translation. Accessible via a web translator, browser extensions, desktop and mobile apps, and an API, DeepL supports a best-in-class translation experience in 29 languages and counting. Our 370-person team operates across four European hubs in Germany, the Netherlands, the UK, and Poland.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Deepl, The Ai-Based Language Translator, Raises Over $100M At A $1B+ Valuation

Description

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