New investors like ICONIQ Growth and Teachers’ Venture Growth participated, along with existing investors IVP, Atomico, and WiL. This investment supports DeepL’s mission to improve AI-driven language solutions for global businesses.
DeepL recently expanded its DeepL Pro service to eight Latin American countries, including Argentina, Chile, Colombia, Costa Rica, Ecuador, Paraguay, Peru, and Uruguay.
This subscription service offers unlimited high-quality text translations, enhanced data security, and customization options for businesses to standardize brand messaging both internally and externally. It aims to meet the growing demand for precise language solutions across diverse markets.
The funding arrives amid significant growth for DeepL, whose AI technology is used by 100,000 companies, governments, and organizations in over 60 markets. Major clients include Zendesk, Nikkei, Coursera, and Deutsche Bahn.
DeepL’s expansion in the US, its third-largest market, and the launch of DeepL Write Pro in April 2024 underscore its commitment to providing precise and secure AI language services.
By securing this investment, DeepL aims to accelerate its efforts to address the communication challenges faced by global businesses.
The company plans to enhance its research and development to stay at the forefront of AI linguistic innovation, ensuring high-quality, accurate translations and writing assistance.
