IPO planned: Deepl can become a fivefold unicorn

Colo­gne — The Colo­­gne-based AI trans­la­tion service DeepL, which was foun­ded in 2017, is prepa­ring for an IPO in the USA. With natu­ral trans­la­ti­ons and global expan­sion, the Colo­­gne-based startup could soon be valued at 5 billion dollars. 

The Colo­­gne-based AI company DeepL is serious about its global ambi­ti­ons. The trans­la­tion specia­list, which has been compe­ting with Google Trans­late for years, is plan­ning an IPO in the USA. “Accor­ding to Bloom­berg, initial talks are alre­ady under­way with poten­tial advi­sors for the listing. The IPO could take place as early as 2026 and value DeepL at up to five billion dollars. 

Deepl raised USD 300 million in a finan­cing round in May 2024 and doubled its valua­tion to USD 2 billion at the time. The company employs more than 1,000 people, has offices in Germany, Japan and the USA and counts venture capi­ta­lists such as Index Ventures from London and Iconiq Growth from San Fran­cisco among its investors. 

Precis­ion AI from Cologne

DeepL has made a name for itself in high-precis­­ion machine trans­la­tion since it was foun­ded in 2017 by Jaros­law Kuty­low­ski. DeepL offers AI-supported translations. 

Unlike many of its compe­ti­tors, the company focu­ses on natu­ral and nuan­ced trans­la­tion results that come amazin­gly close to human texts. Accor­ding to “Heise”, DeepL now employs over 1,000 people at loca­ti­ons in Colo­gne, Japan and the USA. — www.deepl.com