DeepL

Overview
News
Natural Language Processing Tools?
Product stageSegments
Growth
?
Automated translation
?

DeepL is a German AI-powered language translation company founded in 2017. The company's core product is its neural machine translation service, which uses artificial intelligence and deep learning algorithms to provide highly accurate translations across 33 languages. DeepL's translation technology was originally developed as part of Linguee, an online dictionary and translation database. The company's proprietary neural network architecture is trained on a vast corpus of bilingual and monolingual text, allowing it to produce more natural-sounding and contextually accurate translations compared to traditional statistical machine translation methods.

DeepL offers its translation services through various interfaces including a web translator, desktop and mobile apps, and an API for developers. The company's translation quality has been praised for its ability to handle idioms, slang, and complex sentences more effectively than competitors. DeepL's technology is used by over 100,000 businesses, governments, and organizations worldwide across industries like legal, retail, healthcare, technology and manufacturing. The company claims its translations are preferred by language experts 1.3 times more often than Google Translate and 1.7 times more often than ChatGPT-4.

In addition to its core translation service, DeepL has expanded its offerings to include DeepL Write, an AI-powered writing assistant launched in early 2023. The company has also developed specialized large language models for improved translation accuracy. DeepL's technology aims to reduce translation time by 90% while driving a 50% reduction in workload for enterprises.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Maarweg 165 Cologne DEU
Founded year:
2017
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 400.0 mn
Last Funding:
USD 300.0 mn (Series Unknown; May 2024)
Last valuation:
USD 2.0 bn (May 2024)
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