When was DeepL founded?

DeepL was founded in 2017 and became a unicorn in 2023, reaching the milestone in 6 years. It raised its 1st funding round 1 year after its incorporation.

Where is DeepL located?

DeepL is headquartered in Cologne, Germany. It is registered at Maarweg 165 50825 Cologne.

Which legal entities is DeepL associated with?

DeepL is associated with DeepL GmbH and 1 other.

How many employees does DeepL have?

As of Sep 30, 2026, the latest employee count at DeepL is 1443.

Is DeepL a funded company?

DeepL is a funded company, having raised a total of $415M across 5 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Series A round on Nov 18, 2018.

How much is DeepL worth?

The latest valuation of DeepL is $2B as of May 22, 2024.

When was the latest funding round of DeepL?

DeepL's latest funding was a $300M Series C round on May 22, 2024, with participation from 6 investors.

Is DeepL a Localization Tech company?

The primary sectors of DeepL are Localization Tech and Artificial Intelligence.

Where does DeepL rank among its competitors?

DeepL ranks 1st amongst 63 active competitors, of which 11 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Language I/O, which secured $1.5M in Dec, 2025.

Who are the top competitors of DeepL?

DeepL's top competitors include Reverie Language Technologies, Lilt and Reverso. Among them, Language I/O secured the most recent funding round in December, 2025.

DeepL - 2026 Company Profile, Team, Funding, Competitors & Financials

DeepL is a series C company based in Cologne (Germany), founded in 2017. It operates as an AI, SaaS, and neural network-based machine translation tools. DeepL has raised $415M in funding from investors like IVP, Bessemer Venture Partners and Index Ventures, with a current valuation of $2B. The company has 63 active competitors, including 11 funded and 8 that have exited. Its top competitors include companies like Reverie Language Technologies, Lilt and Reverso.

Sectors and market segments that DeepL operate in

DeepL serves in the Native AI market segments.The primary business model of DeepL is:

Native AI > Artificial Intelligence > ***** **** > ***** ******

Company Details

AI, SaaS, and neural network-based machine translation tools. It allows users to enter their source text for translating the same. Its users can click on a term in the source text for suggestions from the dictionary and a term in the translated text brings up alternative translations that the user can select to insert the same. It has also developed an API that allows other computer programs to send texts to the servers and receive high-quality translations.

Website: www.deepl.com/
Social
Email ID: *****@deepl.com
Part Of
Registered Address: Maarweg 165 50825 Cologne

Key Metrics

Founded Year

2017

Location

Cologne, Germany

Stage

Series C

Total Funding

$415M in 5 rounds

Latest Funding Round

Series C, May 22, 2024, $300M

Post Money Valuation

$2B as on May 22, 2024

Investors

IVP & 20 more

Ranked

1^st among 63 active competitors

Employee Count

1,443 as on Sep 30, 2026

Investment & Acquisitions

MIXhalo

Similar Companies

Mirage & 1034 more

View DeepL's full profile

DeepL is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DeepL SE CIN: HRB104617 , Germany, Active	Feb 02, 2021	-	175 (As on Dec 31, 2021)
DeepL GmbH CIN: HRB64604 , Germany, Active	Dec 15, 2008	-	85 (As on Dec 31, 2020)

DeepL has raised a total funding of $415M over 5 rounds. Its first funding round was on Nov 18, 2018. Its latest funding round was a Series C round on May 22, 2024 for $300M. 6 investors participated in its latest round. DeepL has 17 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of DeepL:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 22, 2024	$300M	Series C	$2B	-	Index Ventures	Iconiq Capital, Atomico, IVP, World Innovation Lab, Ontario Teachers' Pension Plan
Jan 11, 2023	$100M	Series B	-	-	IVP, Bessemer Venture Partners	Atomico, World Innovation Lab, Benchmark, b2venture, Flat Capital
Nov 16, 2022	$15M	Series A	$1B	-	IVP	-

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DeepL's employee count trend

DeepL has 1,443 employees as of Sep 26. Here is DeepL's employee count trend over the years:

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Top competitors of DeepL include Reverie Language Technologies, Lilt and Reverso. Here is the list of Top 10 competitors of DeepL, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	DeepL 2017, Cologne (Germany), Series C	AI, SaaS, and neural network-based machine translation tools	$415M	Atomico, World Innovation Lab & 19 others	71/100
2nd	Reverie Language Technologies 2009, Bengaluru (India), Acquired	Provider of AI-powered language translation, localization, and voice technology solutions	$4.14M	Lightrock India, Qualcomm Ventures & 15 others	66/100
3rd	Lilt 2015, Palo Alto (United States), Series C	Provider of cloud-based machine translation tools and services	$164M	Redpoint Ventures, Four Rivers Group & 14 others	63/100
4th	Reverso 2013, Montreal (Canada), Unfunded	Online language translation tool	-	-	57/100
5th	Unbabel 2013, Lisbon (Portugal), Acquired	Provider of an AI based translation platform	$106M	Point72 Ventures, Faber & 33 others	56/100
6th	Vitra 2020, Bengaluru (India), Seed	Cloud based multimedia translation and localization platform for enterprises	$5.42M	Inflexor, Mumbai Angels & 10 others	50/100
7th	Devnagri 2019, Noida (India), Seed	Provider of an AI-powered human translation platform for enterprises	$1.11M	Z Nation Lab, Venture Catalysts & 35 others	48/100
8th	SYSTRAN 1968, Paris (France), Acquired	Provider of neural and statistics-based machine translation engines	-	Eiffel Investment Group, Korea Investment Holdings ... & 2 others	48/100
9th	XL8 2019, San Jose (United States), Series A	Provider of AI-based deep neural network-based machine translation software	$11.5M	KB Investment, Atinum Investment & 2 others	47/100
10th	Language I/O 2011, Cheyenne (United States), Series A	Translation automation of support content for customer support reps	$26.5M	Gutbrain Ventures, Joint Effects & 14 others	44/100