Index Ventures, a European venture capital firm, led a $300m round in DeepL, a deep-learning company, with participation from ICONIQ Growth, Teachers’ Venture Growth, IVP, Atomico, and WiL. “We’re approaching an inflection point in the AI boom where businesses who are racing to adopt the technology begin to discern between hype versus solutions that are secure and actually solve real problems in their business. This new investment comes during what is on track to be DeepL’s most transformative year yet and is a testament to the crucial role that our Language AI platform has in solving the complex linguistic challenges global companies face today,” Jarek Kutylowski, DeepL Founder and CEO.