Launched in 2017 by founder and CEO Jaroslaw "Jarek" Kutylowski, DeepL is a competitor to Google Translate.
At $2 billion, DeepL is now worth double what it was in its previous round in January 2023, when it raised $100 million from investors at a $1 billion valuation.
ICONIQ Growth and Teachers' Venture Growth came on board as new investors, while existing investors IVP, Atomico and WiL also participated.
"We're really expanding our product toward being able to support these bigger enterprise customers," Kutylowski said.
The company has ramped up its focus on selling into enterprise over the past few years and now counts customers including Zendesk, Nikkei, Coursera and Deutsche Bahn.
Persons:
Kutylowski, Jaroslaw, WiL, PARIS —, I'm, DeepL
Organizations:
CNBC, Google, Venture, PARIS, Zendesk, Nikkei, Coursera, Deutsche Bahn
Locations:
Atomico, Swiss, U.S, Asia