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DeepL launches new specialized Language AI solution for Enterprises

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7 months ago

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DeepL for Enterprise caters to growing demand for the company’s category-leading translation and writing tools among large organizations

SINGAPORE, June 7, 2024 /PRNewswire/ — DeepL, a leading global Language AI company on a mission to break down communication barriers worldwide, today announced the launch of DeepL for Enterprise. Over 100,000 businesses in over 60 countries, including 50% of the Fortune 500, use DeepL’s cutting-edge platform for better translations and writing.

An extension of the company’s cutting-edge Language AI platform for businesses, the new DeepL for Enterprise offering is specifically designed to address the growing needs of organizations looking to deploy AI, providing:

New pricing and packaging to reduce barriers to adoption for knowledge workers throughout the organizationsPersonalization features that enable enterprises to build their corporate glossary and improve standardization and consistency of their brand languageEnterprise security features critical for the protection of business-critical contentGlobal deployment and management capabilities that make it easy for centralized IT teams to launch and control

“Enterprise leaders are under pressure to define and execute AI strategies in a meaningful way that drives ROI for businesses, but they’re facing a saturated market crowded with open source or generic models that may not fit their needs. They also have to carefully consider compliance requirements to safeguard sensitive business data and mitigate potential cybersecurity risks,” said David Parry-Jones, Chief Revenue Officer, DeepL. “DeepL’s specialized Language AI platform is trusted by tens of thousands of organizations worldwide for its accuracy, fluency, security, and proven ROI. We’re proud to launch DeepL for Enterprise, which is a natural evolution of our already proven solutions for business use-cases and is designed to solve these challenges faced by large organizations so that they can successfully adopt AI to save time, cut costs, and drive business growth.”

Over 90% of enterprise AI decision-makers have concrete plans to adopt generative AI (genAI) for both internal and customer-facing use cases, with nearly half (47%) citing productivity gains as the primary goal, followed by greater innovation (44%) and cost efficiency (41%). Amidst this growing demand for value-driving AI solutions, Language AI has emerged as one of the most critical and strategic investments large organizations can make, empowering enterprises to maintain their competitive edge as the world becomes more connected through enhanced operational efficiency, elevated customer experiences and seamless international expansion.

Since its inception, DeepL has been at the forefront of AI-based communication technology, becoming the specialized Language AI provider of choice for businesses, governments and other organizations worldwide across multiple industries including manufacturing, legal, retail, healthcare, technology, and professional services. Unlike general-purpose AI systems, DeepL’s cutting-edge translation and writing solutions rely on specialized AI models specifically tuned for the language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. In enterprise translation and writing, accuracy is paramount, making DeepL’s specialized Language AI platform one of the most reliable and preferred solutions for businesses.

DeepL for Enterprise introduces features, as well as new pricing and packaging, to help large organizations effectively deploy and drive adoption of AI-powered tools with measurable return on investment. A 2024 Forrester study revealed that the use of DeepL delivered 345% ROI for global enterprise companies, reducing translation time by 90% and driving a 50% in workload reduction. DeepL’s platform also ensures businesses remain compliant at scale with enterprise-grade security measures to protect user data, including state of-the-art data encryption, ISO 27001 and Soc2 Type 2 certification, and more.

The launch of DeepL for Enterprise comes during a period of substantial growth and demand for DeepL worldwide. Just last month, DeepL announced a $300M investment  at a $2B valuation led by renowned late-stage investment firm Index Ventures. Over the past year, DeepL’s customer network has also grown to include over 100,000+ global businesses, governments, and other organizations including leaders Zendesk, Nikkei, Coursera and more.

DeepL for Enterprise is now available in all DeepL Pro markets. The company will showcase its new Enterprise solution in their upcoming webinar series, “AI in Practice,” kicking off June 25 and featuring leaders from Forrester and PwC. To learn more and to sign up to attend, visit DeepL’s website.

About DeepL

DeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses, governments and other organizations and millions of individuals in 63 global markets trust DeepL’s Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets and improve productivity.  Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP and Index Ventures.

View original content:https://www.prnewswire.com/apac/news-releases/deepl-launches-new-specialized-language-ai-solution-for-enterprises-302166760.html

SOURCE DeepL

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DomaCom Appoints Giuseppe Porcelli as Chairman and Secures $2 Million Private Placement

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51 minutes ago

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January 10, 2025

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SYDNEY, Jan. 10, 2025 /PRNewswire/ — DomaCom Limited (ASX:DCL) is pleased to announce two significant developments that will strengthen its leadership and financial position as it advances its fund-first, technology-driven strategy.

Appointment of Giuseppe Porcelli as Non-Executive Chairman

DomaCom has appointed Giuseppe Porcelli as Non-Executive Chairman. Giuseppe is the Founder, Chairman, and CEO of Lakeba Group, a global technology leader renowned for AI-powered, scalable solutions. With extensive expertise in technology-driven investment strategies, his leadership will be instrumental in accelerating DomaCom’s growth, innovation, and investor value creation.

“Giuseppe’s appointment strengthens our leadership team at a pivotal time for DomaCom,” said Darren Younger, CEO of DomaCom. “His experience in driving technological innovation and scaling businesses will support our strategy to enhance investor value and expand our market presence.”

Successful Completion of $2 Million Private Placement

DomaCom has successfully secured a $2 million investment through a private placement from sophisticated investor Martin Groen. The placement involved issuing 142,857,143 fully paid ordinary shares at $0.014 per share, reflecting investor confidence in DomaCom’s strategy and growth potential.

“This investment demonstrates strong confidence in our vision to transform DomaCom into a leading fund-first, technology-driven business,” said Giuseppe Porcelli, Chairman of DomaCom. “The additional option to secure further funding underscores the long-term alignment between DomaCom and our investors. This capital will allow us to accelerate key initiatives, deliver value to our stakeholders, and position the business for sustained growth.”

These developments mark an important step forward in DomaCom’s transformation, reinforcing its commitment to technological innovation, financial growth, and enhanced investor value.

Contact person: Darren Younger, DomaCom CEO
Darren.younger@domacom.com.au 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/domacom-appoints-giuseppe-porcelli-as-chairman-and-secures-2-million-private-placement-302347645.html

SOURCE DomaCom Limited

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GlocalMe Unveils New Brand Identity and Cutting-Edge Innovations at CES 2025

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51 minutes ago

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January 10, 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — GlocalMe, a global leader in mobile data connectivity under uCloudlink (NASDAQ: UCL), is proud to announce its participation in CES 2025, the world’s largest technology trade show. This year marks a significant milestone for GlocalMe as it unveils its newly refreshed brand identity and showcases an impressive lineup of innovative products that are set to redefine global connectivity.

With the theme “The Ideal Network of Life,” GlocalMe’s rebranding reflects its dedication to providing seamless, secure, and reliable internet connectivity that feels local, no matter where users are. Powered by its patented Cloud SIM and HyperConn™ technology, the brand emphasizes “Global Connectivity, Local Mindedness,” delivering a borderless yet personalized connection experience for modern digital lifestyles.

“Our new brand identity represents a transformative step in our journey to empower users with effortless and reliable global connectivity,” said Chaohui Chen, CEO of uCloudlink. “At CES 2025, we are thrilled to showcase how our innovative solutions bring the world closer together, delivering technology that feels personal and local, even in a globalized world.”

Spotlight on the GlocalMe Life Series

A major highlight of GlocalMe’s CES 2025 showcase is the GlocalMe Life Series, a collection of advanced products designed to provide secure and convenient connectivity for daily and travel use. With a focus on user convenience and peace of mind, the Life Series empowers users to stay connected effortlessly.

At CES 2025, GlocalMe will pre-launch three new additions to the Life Series:

GPet: The second generation of GlocalMe’s smart global pet tracker, featuring unique 6-tech positioning technologies to ensure the safety and location tracking of pets worldwide. New features, including ‘AI Wellness’ and ‘Pet Interaction,’ will enhance pet health monitoring and strengthen the bond between pets and their owners.UniCord S and UniCord P: Upgraded versions of the UniCord, designed specifically for drivers and remote workers. These devices offer advanced tracking features and provide secure and seamless connectivity during commutes or road trips. The UniCord P boasts upgraded mobile internet specifications, delivering a network experience comparable to a Wi-Fi hotspot.

These new products join the existing Life Series, which includes:

UniCord: The world’s first 3-in-1 multi-functional USB cable, which has been honored with the “CES Breakthrough Award 2025” by Android Authority for its innovative design and functionality.RoamPlug: The world’s only travel adapter with a built-in 4G mobile hotspot.KeyTracker: A global intelligent tracker featuring 6-tech positioning to secure and locate personal belongings with precision.

Introducing HyperConn™ Technology: Seamless Connectivity Redefined

GlocalMe will also debut its revolutionary HyperConn™ mobile Wi-Fi hotspot technology at CES 2025, redefining how users stay connected on the move. Leading this innovation is the MeowGo G40 Pro, a HyperConn™-enabled 4G multi-network mobile Wi-Fi hotspot. Designed for road trip families and remote workers, this device leverages AI-powered network switching to provide uninterrupted internet access by seamlessly connecting to multiple 4G carriers and Wi-Fi providers. This ensures reliable connectivity anywhere in the world, no matter where life takes users.

Experience GlocalMe at CES 2025

From January 7 to 10, 2025, GlocalMe will showcase its new brand identity and innovative product lineup at booth LVCC North Hall #8211. Attendees are invited to experience firsthand how GlocalMe is redefining global connectivity through its cutting-edge products and advanced technologies.

All pre-launched products from CES will be officially available by the end of the first quarter of 2025.

About GlocalMe

GlocalMe is a digital lifestyle brand under Nasdaq-listed technology company uCloudlink (NASDAQ: UCL). With its mission to enable people to ‘Connect and Share without Limitations’, uCloudlink is a leading mobile technology solutions provider that provides a marketplace for mobile data traffic sharing to billions of users in over 200 countries and regions. By using uCloudlink’s patented Cloud SIM technology, mobile users are no longer confined to the service of a single network operator but are opened to a world of connectivity whenever and wherever they are.

For more information, visit www.glocalme.com.

Photo – https://mma.prnewswire.com/media/2595181/GlocalMe.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/glocalme-unveils-new-brand-identity-and-cutting-edge-innovations-at-ces-2025-302347677.html

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Reap Receives In-Principle Approval for Major Payment Institution License from Monetary Authority of Singapore

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2 hours ago

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January 10, 2025

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SINGAPORE, Jan. 9, 2025 /PRNewswire/ — Reap, a leading payment technology provider, is thrilled to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore.

Obtaining the IPA marks a significant milestone for Reap. Reap is committed to regulatory excellence while continuously enhancing its capabilities and presence in Singapore and the broader Asia Pacific region. While the IPA marks a critical step forward, Reap Singapore remains steadfast in meeting the required conditions for the MPI License. Reap is equally committed to dedicating the necessary resources to support and assist Reap Singapore in achieving this goal. Together, Reap and Reap Singapore will continue to refine its compliance standards and beyond, ensuring it delivers enhanced value and trusted solutions to Singapore and the broader APAC customers.

“At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth. Receiving this IPA from the MAS, a globally renowned financial regulator, is incredibly motivating and will be a key driver of secure growth in the region. It fuels our enthusiasm to continue collaborating closely with regulatory bodies to shape a secure and efficient money movement across the region. Reap is also committed to building a strong payment service.” stated Kevin Kang, Co-Founder of Reap.

Singapore is integral to Reap’s mission of enhancing global money movement. Its high regulatory standards and commitment to foster sustainable innovation align seamlessly with Reap’s vision for the future of payment services. This alignment empowers Reap to drive secure and efficient financial flows while delivering exceptional value to its clients and partners.

About Reap

Reap group is a leading global payment technology provider that enables financial connectivity and access for businesses worldwide. By bridging disparate economies, merging technological divides, and connecting key financial players, we are transforming the financial landscape into a more interconnected and interoperable space for efficient money movement.

With corporate cards, payout solutions, and expense management tools, we streamline financial operations and empower businesses to scale. Our APIs enable businesses to embed finance into their own products and services, from issuing Visa cards to facilitating cross-border payments.

Founded in 2018 in Hong Kong, Reap has since expanded to a team of over 100 across the globe, including Singapore. Reap is supported by a strong network of investors, including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures, and Payment Asia.

For media enquiries, please contact:

Christine Cheuk
Marketing & PR Manager, Reap
christine@reap.global

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/reap-receives-in-principle-approval-for-major-payment-institution-license-from-monetary-authority-of-singapore-302347620.html

SOURCE Reap

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