DeepL, the AI-based language translator, raises over $100M at a $1B+ valuation • TechCrunch

Artificial intelligence startups, and (thanks to GPT and Open AI) specifically those helping humans communicate with each other, are commanding a lot of interest from investors, and today the latest of these is announcing a big round of funding. DeepL, a startup that provides instant translation-as-a-service both to businesses and to individuals -- competing with Google, Bing and other online tools -- has confirmed a fundraise at a €1 billion valuation (just over $1 billion at today's rates). Cologne, Germany-based DeepL is not disclosing the full amount that it's raised -- it doesn't want to focus on this aspect, CEO and founder Jaroslaw Kutylowski said in an interview -- but as we were working on this story we heard a range of figures. At one end, an investor that was pitched on the funding told TechCrunch that DeepL was aiming to raise $125 million. At the other end, a report with a rumor about the funding from back in November said the amount was around $100 million.