Partnering for progress: DeepL’s latest funding round will fuel AI research and development
The first few days of 2023 have been exciting to say the least! Just this week we announced our partnership with four new investors—all of which are major players in the tech and communications industry: IVP, Bessemer Venture Partners, Atomico, and WiL. We’re honored to join them in this investment partnership!
Since 2017, DeepL has changed the game of AI translation with its powerful neural network technology. This latest round of funding brings our company valuation to €1B—meaning we will accelerate our world-renowned research, develop new products, support the growth of our team, and further transform how people and organizations around the world communicate. “From the very beginning our goal has been to raise the standards of AI technology. We’ve consistently invested in researching and improving the advanced neural network technology that makes such accurate translations possible,” said Jarek Kutylowski, CEO and founder of DeepL. “We see this funding round as the next step in our journey to transform DeepL into a wider communications platform through new product offerings.” We’d like to thank our investors for their support and confidence as we dive into this new era. Our new partners have invested in tech heavy-hitters such as Slack, Dropbox, Asana, and more—we're ready to join their growing list of successful ventures.
This would not have been possible without our loyal customers and talented team members. Together we’re building a world without communication barriers.
If you’re interested in joining our dynamic and growing team, check out our Careers page.