DeepL was founded in 2017 and is headquartered in Cologne, Germany. The company initially gained recognition through its free translation service, which leveraged advanced neural network technology to provide high-quality translations. DeepL Pro was introduced as a subscription-based service aimed at enterprises, marking a strategic shift from a consumer-focused model to a business-oriented approach.
DeepL was established by the team behind Linguee, a popular translation search engine. The company has experienced significant growth since its inception, with a doubling of its workforce from 43 to 86 employees between 2019 and 2020, and further expansion in hiring, indicating a robust growth trajectory. As of 2024, DeepL employs over 150 staff members and has expanded its office presence internationally, including locations in London and the U.S..
DeepL has attracted substantial investment over the years, including a notable round in May 2024, where it raised $300 million, bringing its valuation to $2 billion. This funding was led by Index Ventures and included participation from several prominent investors, reflecting strong market confidence in DeepL's potential as a leader in AI language solutions. Prior investments included a significant stake from Benchmark Capital in 2018.
DeepL emphasizes a culture of innovation and excellence, focusing on leveraging AI to solve real-world communication challenges. The company operates under a security-first framework, ensuring that user data is handled with the highest standards of privacy and security, in line with GDPR regulations. The mission to become Europe’s leading AI company reflects its ambition and commitment to advancing language technology.
DeepL has built a substantial user base, with over 100,000 businesses, governments, and organizations utilizing its services. Notable clients include Roche, Fujitsu, and Zendesk, highlighting its appeal across various sectors. The platform is also popular among freelance translators and translation agencies, who benefit from its advanced translation capabilities.
DeepL Pro
By DeepL
