Tag: Zendesk

Bravo: DeepL Secures $300 Million Investment, Valuation Hits $2 Billion!

CyberFinance tamir - May 23, 2024

DeepL, the German AI-translation startup, announced a significant milestone on Wednesday: securing a $300 million investment round led by Index Ventures, boosting the company's valuation to $2 billion. This funding round underscores the growing interest in function-specific AI models, particularly in the translation sector, as businesses seek more specialized and accurate solutions beyond general-purpose AI like OpenAI’s ChatGPT.

Tech Slowdown! Zendesk Finally Accepts A $10.2 Billion Buyout Offer!

Fintech Mark Lagarde - June 24, 2022

The support-as-a-software provider Zendesk was founded in Copenhagen, Denmark in 2007 by the Denish guys Morten Primdahl, Alexander Aghassipour, and Mikkel Svane and went public in 2014. Now, Zendesk has agreed to be acquired by a venture capital group led by Hellman & Friedman LLC and Permira for $10.2 billion, WSJ reports. This is down sharply from a roughly $17 billion bid from a similar group of buyout firms the company rejected in February 2022. Another signal of a weak tech sector!

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