DeepL

DeepL Company Profile

Founded in 2017 and headquartered in Cologne, Germany, DeepL is the world's leading AI language translationThe company was originally founded by Linguee's team. Originally from the Linguee team, it has quickly risen to support more than 30 languages and hundreds of language combinations with its own neural network translation technology, and is generally considered to have better translation quality than similar products such as Google Translate. DeepL Write Pro, a writing assistant launched in 2024, optimizes users' phrasing, style, and intonation in both English and German environments.

DeepL serves a wide range of Internet and enterprise users; its Enterprise Edition provides terminology management, API access, and data privacy protection, and is used by multinational corporations and public organizations. The latest round of funding valued the company at approximately $2 billion, and it is expanding its R&D team and marketing network globally.

With a focus on high-quality translation and writing tools, DeepL has become a major player in the language processing field, and its continued product innovation and international expansion have brought higher standards and efficiency to the communication and expression of users around the world.

Financing History

• Series C Financing: On May 22, 2024, DeepL announced the closing of its Series C funding round, which was led by Index Ventures and was significantly oversubscribed. In addition, late-stage investment firms such as ICONIQ Growth and Teachers' Venture Growth, as well as existing investors IVP, Atomico, and WiL participated in the round. The round brings DeepL's valuation to $2 billion and $300 million in investments. The funds will be used to improve the quality of DeepL's translations and further optimize the user experience to meet the needs of more global users.

Products & Services

• Online machine translation service DeepL Translator: Utilizes advanced neural network machine translation technology to provide high-quality, natural and smooth translation results. Supports mutual translation between multiple languages, including Chinese, English, German, French, Japanese, etc.
• Translation search engine Linguee: Combine dictionary and search engine functions to provide users with rich translation examples and contextual references.
• DeepL Pro version: Advanced version for enterprise users, including unlimited text translation, API interface, glossary settings, security features (e.g., TLS encryption, text deletion), etc., to meet the needs of enterprise-level translation.
• AI Writing Assistant DeepL Write: To help users improve grammar and expression and enhance the quality of their writing.

Technical Advantages and Features

• neural network techniqueDeepL employs state-of-the-art neural network technology to continuously optimize translation quality through deep learning models.
• Self-research model: Using a proprietary Neural Machine Translation (NNMT) architecture, its deep learning algorithms focus on improving sentence structure and semantic comprehension, making translations more consistent with native speakers' expressions.
• continuous innovation: DeepL continues to invest resources in technology development and is committed to improving translation quality and user experience. For example, in July 2024, DeepL announced the launch of a new generation of large-scale language models for translation and editing applications, claiming that translations based on the new models are favored by language experts 1.3 times more than Google Translate, 1.7 times more than ChatGPT-4, and 2.3 times more than Microsoft Translate.

market performance

• market recognitionThe translation quality of DeepL is widely recognized as outstanding, especially when translating complex sentences and specialized terminology. Its translation results are often better than other mainstreamtranslation toolMore natural and accurate.
• client base: DeepL has customers in more than 60 countries around the world, covering more than 100,000 businesses and government agencies, including well-known organizations such as Zendesk, Nikkei, Coursera and Deutsche Bahn.
• market share: In Europe and Japan, DeepL has a wide user base, and is particularly well adopted in education, legal, medical and other industries that require high linguistic accuracy.