German AI translation start-up DeepL valued at $2 bn

German AI translation start-up DeepL valued at $2 bn

Energy Daily

Published

Berlin (AFP) May 22, 2024

The German translation firm DeepL said Wednesday that it had attracted $300 million of investment in a deal valuing it at $2 billion, as interest surges in generative artificial intelligence tools. The funding round led by Index Ventures will support DeepL's "mission to transform the way businesses around the world communicate with each other", the Cologne-based company said in a statement.

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