Leading Language AI company DeepL announced $300 million of investment at a $2 billion valuation. Led by Index Ventures, the oversubscribed round attracted strong support from new investors to support DeepL’s long-term vision to transform the way companies communicate around the world. And additional late-stage investors, including ICONIQ Growth, Teachers’ Venture Growth, and others, also participated, along with existing investors IVP, Atomico, and WiL.
This new investment comes during a period of significant growth and momentum for DeepL, which has amassed a customer network of 100,000+ businesses, governments, and other organizations worldwide. This network includes Zendesk, Nikkei, Coursera, and Deutsche Bahn, which rely on its highly accurate and secure enterprise Language AI platform to deliver seamless communication, driving international growth and cost savings. DeepL has also accelerated its expansion efforts and strategic investments into key markets over the past year.
Within the last year, DeepL also substantially broadened its product offerings tailored for businesses. A couple of months ago, the company launched DeepL Write Pro, a writing assistant specifically tailored for business writing, powered by its own proprietary LLM technology. The company also continues expanding the range of languages supported by its platform with the recent additions of Arabic, Korean, and Norwegian, bringing its total number of languages to 32.
Since its founding in 2017, DeepL has become the Language AI provider of choice for businesses across multiple industries including manufacturing, legal, retail, healthcare, technology, and professional services. And the company’s specialized Language AI platform has become a critical investment for global businesses today, addressing a variety of communication challenges ranging from internal communications to customer support and international market expansion.
DeepL’s translation and writing solutions rely on specialized AI models specifically tuned for language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. And in business translation and writing, accuracy is paramount, making specialized AI models the most reliable and preferred solution for language challenges.
KEY QUOTES:
“We’re approaching an inflection point in the AI boom where businesses who are racing to adopt the technology begin to discern between hype versus solutions that are secure and actually solve real problems in their business. This new investment comes during what is on track to be DeepL’s most transformative year yet and is a testament to the crucial role that our Language AI platform has in solving the complex linguistic challenges global companies face today. We’re highly focused on continued growth and innovation to expand our solutions and ensure they remain industry-leading in terms of quality, precision, and security. This will bring us closer to a future where every company, regardless of location, can operate seamlessly on a global scale with our AI.”
– Jarek Kutylowski, founder and CEO of DeepL
“DeepL’s runaway success is a bit of an ‘open secret’ in the business community. The company is exceptionally thoughtful about creating cutting-edge AI products that deliver real and immediate value to their customers. Jarek and the rest of the DeepL team are equally research and commercially minded – both of which are key to the company’s success.”
– Danny Rimer, who led the investment from Index Ventures
“At Zendesk we see first hand the power of infusing AI tools into customer experience, and DeepL’s industry-leading translation is a prime example. The ability to have accurate AI translation allows companies from startups to large enterprises the ability to scale globally, reaching prospects and existing customers in new ways. Zendesk’s open and flexible platform allows for seamless partnerships, and the tangible results we’ve seen so far from joint customers have us looking forward to continued work with DeepL.”
– Adrian McDermott, CTO, Zendesk
