DeepL hits unicorn status with $1B+ valuation
DeepL just confirmed a major funding round valuing the German translation startup at over $1 billion, reportedly raising between $100M and $125M led by IVP. Operating at a $50M run rate and nearing profitability, DeepL plans to use the fresh capital to court large enterprise clients and build a Grammarly-style writing assistant. Why it matters: It proves specialized language AI can command premium multiples even against tech giants like Google and OpenAI.