As a result, promises DeepL, it will save your enterprise money and time. It’s backing these claims with a 2024 report from global market research company, Forrester. This says that the classic model reduced translation time by 90% and cut translation workloads by 50%, delivering a 345% return on investment. The company is claiming though that this new model delivers a significant step up from the classic offering, with a 1.7x improvement between English, Japanese, and Simplified Chinese translations; and a 1.4x improvement between English and German.
The DeepL team also addressed any security concerns sharing that the new tool delivers ISO 27001 certification and GDPR compliance.
Access for Pro Users Only for Now
Access to the shiny new model is currently restricted to DeepL’s Pro users and they can currently translate from Japanese, German, and Simplified Chinese to and from English. It promises that there are more languages to come though will be scrambling to compete with Google and Microsoft on that score.
Despite this, DeepL is riding high since launching its Translate tool in 2017. It secured a $300 million investment in May and this kicked off what CEO and Founder, Jarek Kutylowski, said would be the company’s “…most transformative year to date”. He added: “This brings us closer to a future where all companies, wherever they are, can easily operate on a global scale with the help of our AI.” It also achieved a valuation of $2 billion.
As users start to experiment, there will no doubt be feedback especially on accuracy, which is where this smaller venture is outperforming the big guys.