DeepL - About the company
DeepL is a series C company based in Cologne (Germany), founded in 2017 by Leonard Fink and Jaroslaw Kutylowski. 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 62 active competitors, including 10 funded and 8 that have exited. Its top competitors include companies like Unbabel, Lilt and Reverie Language Technologies.
Sectors and market segments that DeepL operate in
DeepL serves in the Native AI market segments.The primary business model of DeepL is: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
- 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
Post Money Valuation
$2B as on May 22, 2024
Ranked
1st among 62 active competitors
Employee Count
1,570 as on Jan 31, 2026
Legal entities associated with DeepL
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) |
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DeepL's funding and investors
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 16 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of DeepL:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 22, 2024 | $300M | Series C | $2B | - | ||
Jan 11, 2023 | $100M | Series B | - | - | ||
Nov 16, 2022 | $15M | Series A | $1B | - | - |
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DeepL's founders and board of directors
Founder? Claim ProfileThe founders of DeepL are Leonard Fink and Jaroslaw Kutylowski. Jaroslaw Kutylowski is the CEO of DeepL.
Here are the details of DeepL's key team members:
- Leonard Fink: Co-Founder of DeepL.
- Jaroslaw Kutylowski: Co-Founder & CEO of DeepL.
View details of DeepL's Founder profiles and Board Members
DeepL's employee count trend
DeepL has 1,570 employees as of Jan 26. Here is DeepL's employee count trend over the years:
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DeepL's Competitors and alternates
Top competitors of DeepL include Unbabel, Lilt and Reverie Language Technologies. Here is the list of Top 10 competitors of DeepL, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | AI, SaaS, and neural network-based machine translation tools | $415M | 75/100 | ||
2nd | Provider of an AI based translation platform | $106M | 68/100 | ||
3rd | Lilt 2015, Palo Alto (United States), Series C | Provider of cloud-based machine translation tools and services | $164M | 66/100 | |
4th | Reverie Language Technologies 2009, Bengaluru (India), Acquired | Provider of AI-powered language translation, localization, and voice technology solutions | $4.14M | 65/100 | |
5th |  XL8 2019, San Jose (United States), Series A | Provider of AI-based deep neural network-based machine translation software | $11.5M | 57/100 | |
6th | Online language translation tool | - | - | 54/100 | |
7th | Cloud based multimedia translation and localization platform for enterprises | $5.42M | 48/100 | ||
8th | Provider of neural and statistics-based machine translation engines | - | 46/100 | ||
9th | Language I/O 2011, Cheyenne (United States), Series A | Translation automation of support content for customer support reps | $25M | 41/100 | |
10th | Provider of a neural-based machine translation engine for professional translators | - | - | 40/100 |
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DeepL's Investments and acquisitions
DeepL has made no investments or acquisitions yet.
Reports related to DeepL
Here is the latest report on DeepL's sector:
News related to DeepL
Filter this listMedia has covered DeepL for a total of 28 events in the last 1 year, 21 of them have been about company updates and 4 about people movement.
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DeepL Unveils Real-Time Spoken Translation with Voice-to-Voice TechnologyMarTech Series•Apr 16, 2026•DeepL
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DeepL's Study Reveals Manual Translation Still Hinders Companies Despite Increased Investment in AIEuropa Press•Mar 10, 2026•DeepL
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DeepL Launches on AWS Marketplace, Supercharging Global Business with AI TranslationPR Newswire•Feb 17, 2026•DeepL, Amazon Web Services
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DeepL Launches Voice API for Real-Time Voice Transcription and TranslationEuropa Press•Feb 02, 2026•DeepL
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DeepL's Language AI Services Now Available Through Bango's Digital Vending MachineGlobeNewswire•Nov 13, 2025•Bango, DeepL
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DeepL CEO Joins German Federal Chancellor's Strategy Group for Tech & InnovationPR Newswire•Nov 07, 2025•DeepL
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DeepL Unveils Next-Gen Language AI tools and Game-Changing Agentic Productivity Solutionmultilingual.com•Nov 06, 2025•DeepL
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