DeepL Raises $300M Investment at $2 Billion Valuation to Enhance Language AI Tools
DeepL is a leader in language AI solutions, enabling effective and nuanced communication across languages.
Company Name: DeepL
Location: Cologne, Germany
Sector: AI Technology, Language Services
Funding Details: Received a $300M investment at a $2 billion valuation. The round was led by Index Ventures, with participation from ICONIQ Growth, Teachers’ Venture Growth, and existing investors IVP, Atomico, and WiL.
Purpose of Investment: To invest in research and product innovation, strengthen its suite of AI communication tools for businesses, expand globally, and enhance talent recruitment across AI research, product, engineering, and go-to-market strategies.
Leadership: Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski.
Product: DeepL provides a language AI platform that offers human-like translation and writing services. The platform is designed with enterprise security in mind and is used globally by over 100,000 businesses across various industries to enhance business communications, expand market reach, and improve productivity.
About Company: DeepL is a leader in language AI solutions, enabling effective and nuanced communication across languages. Its products, such as DeepL Write Pro—a writing assistant for business applications—and a translation tool that supports 32 languages, including recent additions like Arabic, Korean, and Norwegian, cater to a diverse global customer base including Zendesk, Nikkei, Coursera, and Deutsche Bahn.