# DeepL SE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepl-se

- Industry: Software
- Headquarters: Cologne, Germany
- Website: www.deepl.com/
- Total disclosed funding: $300M
- Latest round: Series B (May 22, 2024)
- Investors on record: 7

## About

Founded in 2008,Earlier known as Linguee GmbH and based in Cologne, Germany, DeepL SE operates as a software-as-a-service company that offers a real-time artificial intelligence platform for human-sounding translations. In May 2024, DeepL SE raised USD 300 million in venture funding led by investor Index Ventures, with participation from other investors ICONIQ Capital, and Teachers' Innovation Platform. The firm, as of July 2024, has served over 100,000 businesses and government trusts including Beiersdorf, NIKKEI, DB, FUJITSU, etc., and is led by its founder and CEO, Jarek Kutylowski. DeepL provides artificial intelligence-driven language translation and communication solutions via its desktop, and mobile application, web translator, and browser extensions. The company's flagship product, DeepL Translator, offers translation in more than 30 languages. The firm also provides the advanced product DeepL Pro, catering to business and professional users with enhanced features like unlimited text translation, document translation while retaining formatting, and customization options for tone and style. Additionally, DeepL provides DeepL API, which supports features like document translation, advanced data security, the option to tone translations for languages, handling XML, API documentation, etc DeepL’s revenue primarily derives from subscription-based models, including tiered plans under DeepL Pro like the Starter plan at USD 8.74 per user per month billed annually, Ultimate plan at USD 57.49 per user per month billed annually, etc., and DeepL API plans like DeepL API Pro at USD 5.49 per month along with usage bases pricing, etc. The company plans to utilize the May 2024 funding to further develop its artificial intelligence tools, expand its market, and hire more staff.

## Funding rounds

- Series B, May 22, 2024, $300M — Index Ventures, Institutional Venture Partners, Atomico, ICONIQ Capital, World Innovation Lab, Teachers' Innovation Platform
- Seed, Dec 1, 2010 — b2venture
- Seed, Sep 1, 2009 — b2venture

## Investors

- b2venture (https://capitalatlas.ai/funds/b2venture) — Seed
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B
- Atomico (https://capitalatlas.ai/funds/atomico) — Series B
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series B
- World Innovation Lab — Series B
- Teachers' Innovation Platform — Series B