DeepL Secures $300M to Expand AI Translation Services

The German startup's valuation doubles to $2 billion as it aims to enhance its B2B offerings and global reach.

DeepL raised $300 million in a funding round led by Index Ventures, doubling its valuation to $2 billion.
The company plans to use the funds for sales, marketing, and research and development to expand its market presence.
DeepL offers translation services in 32 languages and serves over 100,000 customers globally, including major enterprises.
The startup faces competition from tech giants like Google, Amazon, and Microsoft in the AI translation space.
Suno, another AI startup, also raised $125 million to develop its music creation platform, highlighting ongoing investor interest in AI.