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DeepL, the AI language translation startup, has secured $300 million in funding at a $2 billion valuation. The funding round was led by Index Ventures, with participation from ICONIQ Growth and OTTP. DeepL, based in Cologne, is known for developing its own AI models and aims to use the new funds to focus on B2B growth. The company has over 100,000 customers and is recognized for transforming business communication through its AI-powered language solutions. Jarek Kutylowski, CEO of DeepL, expressed excitement over the new partnerships.
DeepL, the AI language translation startup, nabs $300M on a $2B valuation to focus on B2B growth: https://t.co/hFdWqjca06 by TechCrunch #infosec #cybersecurity #technology #news
Cologne-based AI translation startup DeepL, which develops its own models, raised $300M led by Index Ventures at a $2B valuation and reports 100K+ customers (@isabellebiscuit / Wall Street Journal) https://t.co/qF7v8tNP1c https://t.co/VEvtXwcg7m
DeepL, the AI language translation startup, nabs $300M on a $2B valuation to focus on B2B growth https://t.co/dP1kh55xy6
