Cologne\/ Berlin \u2014 In the latest finan\u00adcing round of the AI-based trans\u00adla\u00adtor DeepL, venture capi\u00adtal inves\u00adtor Atomico was advi\u00adsed by YPOG. In addi\u00adtion to Atomico, IVP, Besse\u00admer Venture Part\u00adners and WiL as well as exis\u00adting inves\u00adtors Bench\u00admark and btov parti\u00adci\u00adpa\u00adted in the funding.<\/p>\n
The Colo\u00adgne-based startup emer\u00adged from the online diction\u00adary Linguee in 2017 and curr\u00adently offers 29 languages. Reve\u00adnues are gene\u00adra\u00adted prima\u00adrily from paid services, which include more features and privacy opti\u00adons than the free and open-access version. The company\u2019s latest round of funding demons\u00adtra\u00adtes the incre\u00adasing commer\u00adcial importance of AI-based busi\u00adness models to the market and profes\u00adsio\u00adnal sectors.<\/p>\n
Foun\u00adder & CEO Jaros\u00adlaw \u201cJarek\u201d Kuty\u00adlow\u00adski is a passio\u00adnate deve\u00adlo\u00adper and star\u00adted working on perso\u00adnal projects he found useful and suita\u00adble for ever\u00ady\u00adday use at the age of 10. He later earned a docto\u00adrate in compu\u00adter science with a focus on mathe\u00adma\u00adtics. His fond\u00adness for languages and new tech\u00adno\u00adlo\u00adgies led him into the world of AI trans\u00adla\u00adtion, in large part due to his multi\u00adl\u00adin\u00adgual back\u00adground and sensi\u00adbi\u00adli\u00adties, having been born in Poland and raised in Germany.<\/p>\n
The new capi\u00adtal will be used for further rese\u00adarch acti\u00advi\u00adties and the further deve\u00adlo\u00adp\u00adment of the company\u2019s soft\u00adware. Further\u00admore, DeepL is working on addi\u00adtio\u00adnal services and features and plans further inter\u00adna\u00adtio\u00adnal expansion.<\/p>\n
About Atomico<\/strong><\/p>\n Atomico invests in emer\u00adging tech foun\u00adders in Series A and beyond \u2014 with a parti\u00adcu\u00adlar focus on Europe \u2014 lever\u00adaging its exten\u00adsive opera\u00adtio\u00adnal expe\u00adri\u00adence to acce\u00adle\u00adrate their growth. Since its foun\u00adding in 2006, Atomico has worked with over 100 ambi\u00adtious teams \u2014 inclu\u00adding those at Klarna, Super\u00adcell, Graph\u00adcore, Compass, Messa\u00adge\u00adBird, Master\u00adclass, Atten\u00adtive Mobile, Pipedrive and Hinge Health. Atomic\u00ado\u2019s team of foun\u00adders, inves\u00adtors and opera\u00adtio\u00adnal leaders has been respon\u00adsi\u00adble for global expan\u00adsion, hiring and marke\u00adting at compa\u00adnies ranging from Skype and Google to Twit\u00adter and Uber. The company curr\u00adently has $4 billion in assets under management.<\/p>\n About DeepL<\/strong><\/p>\n DeepL is a German company that aims to elimi\u00adnate language barriers around the world through the use of arti\u00adfi\u00adcial intel\u00adli\u00adgence. Since 2017, the company has offe\u00adred DeepL Trans\u00adla\u00adtor, a machine trans\u00adla\u00adtion system that achie\u00adves the best trans\u00adla\u00adtion quality in the world accor\u00adding to blind tests, at www.DeepL.com. In addi\u00adtion, DeepL provi\u00addes profes\u00adsio\u00adnal products for compa\u00adnies, entre\u00adpre\u00adneurs and trans\u00adla\u00adtors. To date, more than one billion people have used the services of DeepL. The company is led by foun\u00adder and CEO Jaros\u00adlaw Kuty\u00adlow\u00adski and backed by inter\u00adna\u00adtio\u00adnal inves\u00adtors such as Bench\u00admark and btov.<\/p>\n Advi\u00adsor Atomico: YPOG About YPOG<\/strong><\/p>\n YPOG is a specia\u00adlist tax and commer\u00adcial law firm opera\u00adting in the core areas of Funds, Tax and Tran\u00adsac\u00adtions. The YPOG team advi\u00adses a wide variety of clients. These include emer\u00adging tech\u00adno\u00adlogy compa\u00adnies and family-run medium-sized enter\u00adpri\u00adses as well as corpo\u00adra\u00adti\u00adons and private equity\/venture capi\u00adtal funds. YPOG is one of the leading addres\u00adses for venture capi\u00adtal, private equity and fund struc\u00adtu\u00adring in Germany. Cologne\/ Berlin \u2014 In the latest finan\u00adcing round of the AI-based trans\u00adla\u00adtor DeepL, venture capi\u00adtal inves\u00adtor Atomico was advi\u00adsed by YPOG. In addi\u00adtion to Atomico, IVP, Besse\u00admer Venture Part\u00adners and WiL as well as exis\u00adting inves\u00adtors Bench\u00admark and btov parti\u00adci\u00adpa\u00adted in the funding. The Colo\u00ad\u00adgne-based startup emer\u00adged from the online diction\u00adary Linguee in 2017 and [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47693,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1369,1372,1373],"tags":[],"class_list":["post-47695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-consultant","category-venture-capital-en"],"yoast_head":"\n
\n<\/strong>Dr. Benja\u00admin Ullrich (Co-Lead, Tran\u00adsac\u00adtions), Partner
\nTobias Lovett (Co-Lead, Tran\u00adsac\u00adtions), Senior Associate
\nDr. Matthias Schatz (Corpo\u00adrate), Partner
\nDr. Bene\u00addikt Fl\u00f6ter (IP\/IT), Asso\u00adcia\u00adted Partner
\nDr. Andreas Bergt\u00adhal\u00adler (Corpo\u00adrate), Senior Associate
\nPia Meven (Tran\u00adsac\u00adtions), Associate
\nDr. Chris\u00adtoph L\u00fctten\u00adberg (Corpo\u00adrate), Associate<\/p>\n
\nThe firm and its part\u00adners are natio\u00adnally and inter\u00adna\u00adtio\u00adnally ranked by JUVE, Best Lawy\u00aders, Legal 500, Focus, and Cham\u00adbers and Part\u00adners. Today, YPOG employs more than 100 expe\u00adri\u00aden\u00adced lawy\u00aders, tax advi\u00adsors, tax specia\u00adlists and a notary in three offices in Berlin, Hamburg and Cologne.<\/p>\n","protected":false},"excerpt":{"rendered":"