AI-based language translation site DeepL successfully raises over $100 million at over $1 billion valuation

It became clear that DeepL , which is famous for translation equipped with neural networks and AI technology, has raised funds with a valuation of about 1 billion euros (about 140 billion yen). DeepL does not disclose the full amount of money actually raised, but from past remarks and reports on funding, procurement of $ 100 million (about 13 billion yen) to $ 125 million (about 16 billion yen) is considered to have completed

DeepL, the AI-based language translator, raises over $100M at a $1B+ valuation • TechCrunch
https://techcrunch.com/2023/01/11/deepl-the-ai-based-language-translator-raises-over-100m-at-a-1b-valuation/

DeepL secures unicorn valuation - Tech.eu
https://tech.eu/2023/01/11/deepl-scores-100-million

DeepL is a translation service that uses machine learning to dramatically improve accuracy, and in March 2020 it also supports Japanese. Even when Japanese and Chinese translations were added, we used a significantly improved neural network architecture, and a blind test in which sentences translated by various translation systems were lined up and evaluated by translators. DeepL reveals that it is working to realize high translation standards, such as doing.

A Japanese translation function has appeared in the topical machine translation ``DeepL translation'' when the accuracy is extremely high, so I actually tried using it - GIGAZINE

DeepL mainly provides translation as a service for companies rather than individuals, and plans to strengthen translations in currently linked services and expand collaboration with larger companies and services. It is believed that they are raising a large amount of funds to expand such services and to invest in research and development. In a report published by INSIDER in November 2022, two of the five sources said DeepL could raise $900 million, and one said $1 billion. , Two people valued at 150 million dollars (about 19.7 billion yen).

The $1 billion valuation for DeepL is also based on a 20x annual run rate (ARR) of $50 million at the end of 2022, according to sources on similar investments. . The figure of 20 times the end of the previous year is generally quite high, but it is a high multiple because of the internal estimate that the company's business growth rate is 100% and the fact that it has passed the break-even point and is approaching profitability. has been estimated.

DeepL Founder and CEO Jaroslav Kuczylovski said, 'We are in constant competition when it comes to translation. It has become our culture,” he said. OpenAI , which provides high-profile AI tools such as ' DALL-E ', which combines natural language processing and image generation models, and ' ChatGPT ,' an interactive language model, is an investment of $29 billion (approximately 3.82 trillion dollars) led by Microsoft. 100 million yen), and ``If OpenAI builds its own translation service, it will be a strong competitor for DeepL,'' said TechCrunch, an IT news site.

Microsoft is considering investing $ 10 billion to integrate OpenAI's ChatGPT into Bing and Office - GIGAZINE