DeepL Secures $300M Funding at $2B Valuation Led by Index Ventures and ICONIQ Growth

May 22, 2024, 12:25 PM

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.