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DeepL lands $300M, hitting $2B valuation

DeepL lands $300M, hitting $2B valuation
DeepL lands $300M, hitting $2B valuation

DeepL, a Cologne, Germany-based language AI startup, secured a $300M investment, valuing the company at $2 billion.

Index Ventures led the funding round with participation from ICONIQ Growth, Teachers’ Venture Growth, and existing backers IVP, Atomico, and WiL.

The investment will fuel ongoing research, product innovation, and global market expansion, including recruiting talent in AI research, product development, and engineering.

Founded in 2017 by CEO Jaroslaw Kutylowski, DeepL has garnered over 100,000 business clients and recently expanded to support 32 languages, including Arabic, Korean, and Norwegian. In April 2024, DeepL launched DeepL Write Pro, a writing assistant tailored for business needs.

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