23
May
Investors can’t get enough of different ways to use generative AI. Translation and language startup DeepL became the latest startup using generative AI to raise big, nabbing $300 million at a $2 billion post-money valuation in a round led by Index Ventures. The valuation is about double its previous $1 billion-plus valuation from January 2023. The round included participation from ICONIQ Growth, Teachers’ Venture Growth, IVP, Atomico and WiL (World Innovation Lab). The German startup language AI platform offers writing, editing and translation services for 63 markets and 32 languages for business use cases. The company said it has already…