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Google Translate nightmare raises $300 million

© Lemon squeezer

By default, the majority of people use Google Translate, or a consumer equivalent, when they need a translator. However, if you want to obtain better results, you can also use Deepl, the service of a German startup specializing in AI. On its website, it claims a translation 6 times more precise than the competition between English and German, 5 times more precise between English and Chinese, and 6 times more accurately between English and Japanese.

And if Deepl does not necessarily interest the general public, who already benefit from a translator integrated into smartphones, it is of interest to more and more companies. Furthermore, the startup also continues to interest investors. According to an article in the Wall Street Journal, Deepl has just raised $300 million, at a valuation of $2 billion, in a financing round led by Index Venture.

An economic model that focuses on businesses

Quoted by the WSJ, Jarek Kutylowski, the CEO of Deepl, admits that if a person has need to translate a menu during her vacation, she will not be demanding in terms of quality. On the other hand, the quality of the startup's translation will make a huge difference if a company wants to translate a message for customers. Among the companies that use Deepl, there is the Japanese media Nikkei, the online course platform Coursera, and Deutsche Bahn. “This new investment comes during a period of significant growth and momentum for DeepL, which now has a network of more than 100,000 customers worldwide (enterprise , governments and other organizations)”, we read in a press release.

In addition, Deepl continues to grow since in one year, its number of employees has doubled and now reaches 900 people. Currently, the startup has offices in Germany, the Netherlands, the United Kingdom and Japan. Deepl also recently arrived in the United States. And the recently raised funds will make it possible to strengthen its presence in the United States, Asia and Latin America, while strengthening the commercial divisions, as well as research.

However, it should be noted that while Deepl is orienting its strategy towards businesses, the startup also offers its translator to individuals. Deepl offers a free version on its website, as well as a Pro version. The latter allows you to benefit from unlimited use of the translator, to translate entire files and to have better data protection.

  • Deepl today claims a better quality translator, compared to other services available
  • This one has just raised 300 million dollars, for a valuation of 2 billion dollars
  • Thanks to its ultra-precise translator, Deepl is of interest to many companies

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Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116