DeepL, an artificial intelligence (AI) company specializing in linguistic solutions, has announced an investment of $300 million, bringing its valuation to $2 billion. The funding round, which saw significant oversubscription, was led by Index Ventures and included participation from ICONIQ Growth, Teacher’s Venture Growth, and existing partners like IVP, Atomico, and WiL. The funds will be used to further DeepL’s growth and innovation in AI-driven translation and writing tools for businesses. Currently serving over 100,000 clients across 60 international markets, including companies like Zendesk and Deutsche Bahn, DeepL continues its rapid expansion. Recent product developments include DeepL Write Pro and the addition of new languages such as Arabic and Korean. As global demand for AI solutions soars, DeepL aims to capitalize on its position as a leader in linguistic AI, focusing on research, product development, and market expansion.
Artificial Intelligence, Technology, Corporate Finance,Germany, United States
https://contentapi.cision.com/api/v1.0/releases/20240522FR21040