DeepL, a pioneering Language AI company, has revealed an impressive $300 million investment, solidifying the company at an extraordinary $2 billion valuation. Founded in 2017, DeepL has rapidly emerged as a crucial resource for multinational corporations, tackling various communication obstacles including internal communications, customer support, and global market growth.
DeepL utilizes highly specialized AI models to drive its advanced translation and writing solutions, resulting in more accurate translations and reduced likelihood of errors and misinformation. Precision is crucial in the field of business translation and writing, and DeepL's specialized AI models are the most trusted and favored option for addressing language-related difficulties.
The platform doesn't just improve communication; it also leads to substantial cost savings and improved efficiency. Based on a Forrester study from 2024, companies using DeepL saw a remarkable 345% return on investment, with translation time dropping by 90% and workload reduced by 50%.
Jarek Kutylowski, the creator and chief executive officer of DeepL, emphasizes the game-changing possibilities of their AI technology:
"We are on the brink of a pivotal moment in the AI revolution, where companies striving to integrate this technology will start to distinguish between exaggerated claims and actual solutions that address real challenges in their operations. This shift will lead us towards a future where every company, no matter where they are located, can seamlessly expand their operations globally with the help of our AI."
DeepL has gained the trust of more than 100,000 businesses, governments, and organizations globally. Recently, DeepL has broadened its range of products to meet the specific needs of businesses. In 2024, DeepL launched DeepL Write Pro, a writing assistant tailored for business writing, utilizing its proprietary LLM technology.
Furthermore, DeepL has included Arabic, Korean, and Norwegian in its language options, bringing the total number of languages to 32.
In 2024, DeepL demonstrated its continued dedication to the U.S., which is now its third-largest market, by inaugurating its inaugural office in the area. The most recent funding cycle, spearheaded by Index Ventures, experienced significant demand and saw participation from established investors like ICONIQ Growth, Teachers’ Venture Growth, as well as current investors IVP, Atomico, and WiL.
Danny Rimer from Index Ventures, who spearheaded the investment, commented, "The remarkable success of DeepL is somewhat of a widely known secret within the business community. Jarek and the other members of the DeepL team are equally focused on research and commercial aspects, both of which are crucial to the company's triumph."
In the future, DeepL plans to keep investing in research and product innovation, with the goal of improving its range of top AI communication tools for businesses. Additionally, the company is concentrating on expanding into global markets and recruiting talented individuals for AI research, product development, engineering, and go-to-market strategies.