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Startup Europe — The Sifted Podcast

DeepL founder Jarek Kutylowski on how his AI startup took on Google Translate — and won

Jun 28, 2024
Jarek Kutylowski, founder of DeepL, discusses competing with Google Translate, AI language models, and the challenges of growing a startup. Topics include strategic partnerships, international expansion, fundraising, hiring AI talent, and impactful user stories.
32:10

Podcast summary created with Snipd AI

Quick takeaways

  • DeepL utilized human specialists to train AI models for accurate translations across various domains.
  • The surge in AI technology creates intense competition, pushing DeepL to innovate for better user experience.

Deep dives

Expansion into the US and Recent Funding Round

DeepL, an AI language translation startup, expanded to the US in 2024, marking its third largest market. The company raised $300 million in a funding round, valuing it at $2 billion. The funding was seen as a strategic move to collaborate with late-stage investors to enhance the company's research, technological advancements, and commercial presence on a global scale.

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