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How I built $2B AI Translation Startup | DeepL, Jarek Kutylowski

Today's story is about Jarek Kutylowski, the CEO of DeepL. DeepL is a platform that provides high-quality machine translation and AI-based writing tools, supporting multilingual communication for businesses. It was also one of the few companies to develop a product based on AI long before AI became widely popular. Recently, it concluded a fundraising round with a valuation of $2 billion. Jarek, the CEO, moved from Poland to Germany during his childhood. He didn't speak a word of German. Although it was only a few months, Jarek remembers that time vividly. Later, after completing his PhD and working, he discovered that European companies were spending significant amounts due to language barriers. Speed was important to him, and the company grew rapidly. This video contains insights into DeepL's strategy and decision-making to stay ahead of the competition at a fast pace. Pitch your tech startup to top investors in Silicon Valley! Calling upon founders building something cool - Join us on Dec. 19th in San Francisco for [Pitch.tech], special opportunity sponsored by .Tech Domains to empower the next batch of innovators in tech. Learn more 👉🏻 : https://go.tech/pitchtech1 00:00 Intro 00:56 Sponsor 01:47 Chapter 1. An immigrant who couldn't speak German 03:53 Chapter 2. Bridging Language Barriers with AI 08:33 Chapter 3. Speed Matters 11:02 Chapter 4. Choosing the Right AI: General vs. Specialized EO stands for Entrepreneurship & Opportunities. As we're looking to feature more inspiring stories of entrepreneurs all over the world, don't hesitate to contact us at [email protected] Twitter | @EO__Global LinkedIn | @EO STUDIO Instagram | @eostudio.official EO Podcast 🎧 Spotify: https://bit.ly/442cRa1 Apple Podcast: https://apple.co/3oH3NHC Google Podcast: https://bit.ly/40E1d2v Subtitles for this video were created using [XL8.ai](http://xl8.ai/) machine translation.