About DeepL
DeepL is a company based in Koln (Germany) by Jaroslaw Kutylowski. DeepL has raised $415 million across 5 funding rounds from investors including Bessemer Venture Partners, Atomico and Ontario Teachers' Pension Plan. DeepL operates in a competitive market with competitors including Lilt, Unbabel, Reverie Language Technologies, Language I/O and Devnagri, among others.
- Headquarter Koln, Germany
- Founders Jaroslaw Kutylowski
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$415 M (USD)
in 5 rounds
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Latest Funding Round
$300 M (USD), Series C
May 22, 2024
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Investors
Bessemer Venture Partners
& 10 more
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Employee Count
Not available
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People of DeepL
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Funding Insights of DeepL
DeepL has successfully raised a total of $415M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $300 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in DeepL
DeepL has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Atomico and Ontario Teachers' Pension Plan.
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Venture capital investments in technology startups and entrepreneurs.
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Provider of investment management and real asset services
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Tech-based companies are invested in by Atomico venture capital fund.
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Investor details for DeepL
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Investments & Acquisitions by DeepL
Investment portfolio details for DeepL
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Financial Statements - DeepL
Detailed financials for DeepL
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Deepl Comparisons
Peer comparison for DeepL
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Competitors of DeepL
DeepL operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lilt, Unbabel, Reverie Language Technologies, Language I/O and Devnagri, among others.
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Cloud-based machine translation tools and services are provided by Lilt.
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AI-based translation platform is provided for multilingual operations.
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AI-powered translation, localization, and voice solutions are provided.
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Translation of support content is automated for customer service agents.
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An AI-powered platform for enterprise human translations is provided.
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An online tool for accurate language translation and linguistic support.
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Detailed competitors of DeepL
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Latest news on Deepl
Complete news archive for DeepL
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Frequently Asked Questions about DeepL
DeepL is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Jaroslaw Kutylowski is the current CEO of DeepL. They have also founded this company.
DeepL is a funded company, having raised a total of $415M across 5 funding rounds to date.
AI and SaaS platforms for machine translation are developed by DeepL, which is based in Cologne, Germany. Neural networks are employed to process source text entered by users, enabling high-quality translations. Dictionary suggestions are retrieved by clicking terms in the original text, and alternative options are selected from the translated version for insertion. An API is provided for integration, allowing external programs to submit texts and obtain results.
DeepL's top competitors include Unbabel, Lilt and Reverie Language Technologies.
DeepL has 11 investors. Key investors include Bessemer Venture Partners, Atomico, Ontario Teachers' Pension Plan, Index Ventures, and Iconiq Capital.
The valuation of DeepL is $1B as of Jan 2023.