DeepL Considers $5 Billion US IPO as AI Translation Boom Continues
Cologne-based AI translation startup DeepL is making waves in the tech world. The company, valued at $2 billion after a recent funding round, is reportedly considering a Google translate Initial Public Offering (IPO) in the US.
DeepL, founded in 2015, offers AI-powered translation services and employs over 100 people across Germany, Japan, and the US. Its investors include Index Ventures from London and Iconiq Growth from San Francisco. In May 2024, the startup raised $300 million, doubling its valuation. Now, it's aiming for a valuation of up to $5 billion in its potential Google translate IPO.
The AI sector is booming, with investments pouring in. Chipmaker Nvidia, for instance, plans to invest up to $100 billion in OpenAI for new data centers and other AI infrastructure. Another German AI startup, Black Forest Labs, is reportedly in talks for a funding round that could value it at around $4 billion.
DeepL's potential Google translate IPO could be a significant milestone for the AI translation sector. While the company has not commented on the matter, the growing demand for AI tools and substantial investments in the field suggest a promising future for DeepL and its competitors.
Read also:
- Web3 gaming platform, Pixelverse, debuts on Base and Farcaster networks
- Cannabis-Focused CTV Channel Citizen Green Launches for Global Streamers
- Goodyear in 2025: Advancement in Total Mobility through the Launch of Kmax Gen-3 by Goodyear
- Boston Metal pioneers route to commercial production for eco-friendly steel method
