DeepL raises $300 million at $2 billion valuation led by Index Ventures to expand AI language solutions for global companies.
DeepL raises $300 million at $2 billion valuation led by Index Ventures to expand AI language solutions for global companies.
05/22/24, 12:11 PM
Location
cologneMoney raised
$300 million
Industry
language learning
artificial intelligence
Investors
Wi L, Atomico, Ivp, Teachers’ Venture Growth, Iconiq Growth, Index Ventures
DeepL, a leading Language AI company, today announced $300 million of investment at a $2 billion valuation. The heavily oversubscribed round attracted strong support from new investors, who will bring their extensive expertise, connections, and resources to support DeepL’s growth and long-term vision to transform the way companies communicate around the world.
Company Info
Location
cologne, north rhine-westphalia, germany
Additional Info
DeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses, governments, and other organizations and millions of individuals in 63 global markets trust DeepL's Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL's AI solutions that are specifically tuned for language to transform business communications, expand markets, and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP, and Index Ventures.