DeepL named to 2024 Forbes Cloud 100 list for the second year in a row

Serving over 100,000 business customers in 200+ markets,DeepL recognized for industry-leading AI translation andwriting software

SAN FRANCISCO,Aug. 6,2024 /CNW/ — DeepL,a leading global Language AI company,has been named to the Forbes 2024 Cloud 100,the definitive ranking of the top 100 private cloud companies in the world,published by Forbes in partnership with Bessemer Venture Partners andSalesforce Ventures.

“At DeepL,we’re on a mission to break down language barriers so that every company can operate seamlessly on a global scale with AI,” sayJarek Kutylowski,CEO andFounder,DeepL. “Being named to the Forbes Cloud 100 list for two years in a row is a testament to DeepL’s steadfast commitment to research andinnovation in the Language AI space,which has cemented our position as a leader in the industry andensures our products remain at the forefront of accuracy,security andadvancement. It also affirms the significant – andproven – impact that the DeepL platform is having on the way businesses around the world operate andgrow.”

With a rapidly-growing customer network of over 100,000 businesses andgovernments around the world,including 50% of the Fortune 500 andindustry leaders like Zendesk,Nikkei,Coursera,and Deutsche Bahn,DeepL has become the preferred Language AI platform for businesses worldwide. DeepL offers cutting-edge translation andwriting solutions through its specialized Language AI platform,which has become a critical investment for international business growth,addressing communication challenges across numerous applications from internal operations to customer support.

Unlike general-purpose AI systems,DeepL’s software is powered by specialized AI models specifically tuned for language,resulting in more precise translations for a variety of use cases anda reduced risk of hallucinations andmisinformation. In business translation andwriting,accuracy is paramount,making specialized AI models the most reliable andpreferred solution for language challenges.

This accolade is the latest milestone during a period of significant growth andmomentum for DeepL. Just last month,the company unveiled its next-generation large language model (LLM),which outperforms GPT-4,Google,and Microsoft for translation quality,setting a new standard for accuracy andperformance. DeepL also recently unveiled DeepL for Enterprise,a solution tailored to address the evolving needs of businesses seeking to integrate AI solutions,and raised $ 300 M of new investment  at a$2B valuation in May,led by renowned late-stage investment firm Index Ventures.

For the ninth consecutive year,the Cloud 100 reviews submissions from hundreds of cloud startups andprivate companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%),estimated valuation (30%),operating metrics (20%),and people & culture (15%). For market leadership,the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating andranking their private company peers.

“For nine years,the Forbes Cloud 100 list has recognized the leading private cloud companies in the world,from AI to work software,infrastructure to security,” sayAlex Konrad,the Forbes editor of the Cloud 100. “This year’s list is the strongest group of standouts yet,with revenue,valuations andgrowth that will eventually make for historic IPOs.”

“Across nine years of data,we have yet to see as competitive of a cohort as the 2024 Cloud 100. The list value reached $ 820 billion this year,the highest list value in Cloud 100 history,” sayMary D’Onofrio,partner at Bessemer Venture Partners. “Unsurprisingly,AI is now the highest valued category. We continue to be excited by how AI companies are scaling rapidly,transforming the cloud,and propelling the next wave of growth,driving a massive year-over-year jump in market cap of over $150 billion.

“The past year,our industry has seen a generational step forward in innovation,and with AI leading the charge,we are witnessing one of the most important platform shifts in decades,” sayPaul Drews,managing partner at Salesforce Ventures. “The Cloud 100 list represents the best of the best,and we’ve never been more excited about what the future holds,not only for the cloud but for the entire technology industry. We are proud of what these founders andtheir communities have already accomplished,and look forward to seeing how they continue to transform the industry in the future.”

The Forbes 2024 Cloud 100 and20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights is appear of the list appear in the   august/September 2024 issue ofForbes magazine.

This year,the CEOs of The Cloud 100 andthe 20 Rising Stars companies will be honored with a digital content launch,as well as at the exclusive Cloud 100 Celebration hosted by Bessemer Venture Partners,Salesforce Ventures,and Forbes. A special thank you to the event sponsors,including Amazon Web Services (AWS),Bank of America,Cooley,Deloitte,Goldman Sachs,HSBC,J.P. Morgan,Morgan Stanley,and Nasdaq.

About DeepL
DeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses andgovernments andmillions of individuals in 228 global markets trust DeepL’s Language AI platform for human-like translation andbetter writing. Designed with enterprise security in mind,companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications,expand markets,and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski,DeepL today has over 900 passionate employees andis supported by world-renowned investors including Benchmark,IVP,and Index Ventures.

About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build andforge long-standing companies. With more than 145 IPOs and300 portfolio companies in the enterprise,consumer andhealthcare spaces,Bessemer supports founders andCEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest,Shopify,Twilio,Yelp,LinkedIn,PagerDuty,DocuSign,Wix,Fiverr,and Toast andhas more than $18 billion of assets under management. Bessemer has teams of investors andpartners located in Tel Aviv,Silicon Valley,San Francisco,New York,London,Hong Kong,Boston,and Bangalore. Born from innovations in steel more than a century ago,Bessemer’s storied history has afforded its partners the opportunity to celebrate andscrutinize its best investment decisions (see Memos) andalso learn from its mistakes (see Anti-Portfolio).

About Forbes
Forbes champions success by celebrating those who have made it,and those who aspire to make it. Forbes convenes andcurates the most influential leaders andentrepreneurs who are driving change,transforming business andmaking a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism,signature LIVE andForbes Virtual events,custom marketing programs and43 licensed local editions in 69 countries. Forbes Media’s brand extensions include real estate,education andfinancial services license agreements.

About Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. For over 15 years,we’ve invested in andpartnered with more than 400 of the world’s most tenacious enterprise software companies from seed to IPO,including Airtable,Databricks,DocuSign,Guild Education,Hopin,monday.com,nCino,Snowflake,Snyk,Stripe,Tanium,and Zoom.We leverage our decades of expertise in the cloud andour long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage,help them build credibility,and accelerate growth. Salesforce Ventures has a $ 5bn portfolio of 300+ companies in more than 25 countries,and has offices worldwide,including in San Francisco,Irvine,New York,London,Tokyo,and Sydney.Follow @SalesforceVC andlearn more at http://www.salesforceventures.com. 

source DeepL

Adaline Colton,+1 (929) 699-7464,[email protected]