DeepL, a Cologne-based AI translation platform, is considering a US IPO as early as next year, according to sources familiar with the matter.

The company has reportedly started preliminary talks with potential advisors about the listing, but final decisions on timing and venue have not been made.

Sources said DeepL could target a valuation of up to US$5 billion, though the final figure will depend on market conditions and investor interest.

The company last raised US$300 million at a US$2 billion valuation in 2024.

DeepL, founded in 2017, develops AI-driven translation tools and plans to launch DeepL Agent, an AI assistant for business automation.

DeepL has offices in Japan and the US, employs over 1,000 people, and is backed by Benchmark, IVP, and Index Ventures.

🔗 Source: Bloomberg