German artificial intelligence platform DeepL is exploring an initial public offering in the U.S. It was valued at $2 billion last year and is seeking to raise that to $5 billion this time.
German artificial intelligence platform DeepL is exploring an initial public offering in the U.S. It was valued at $2 billion last year and is seeking to raise that to $5 billion this time.
DeepL has held preliminary talks with potential listing advisors, sources told Bloomberg. The first share sale could take place as early as next year.
Some insiders say DeepL could seek a valuation of up to $5 billion at the time of listing. The final valuation will depend on investor demand and market conditions. Last year, the company raised $300 million at a valuation of $2 billion.
Discussions are currently ongoing, and the details, location, and timing of the listing may still change.
German company DeepL is one of the leaders in the machine translation market, considered by some to be the most successful technology company in the translation industry in the last 15 years. It was founded by Polish computer scientist Jarosław (Jarek) Kutylowski, who and his team began using advanced neural networks to improve the verification process of various translations.
The company currently has about 1,000 employees and offices in Japan and the US, and is preparing to launch DeepL Agent, an autonomous AI-powered assistant that can automate tasks for business users.
