German AI translation startup DeepL has acquired a US audio streaming startup whose tech helps attendees at conferences and sports events get the same sound experience regardless of where they are sitting.
DeepL has acquired San Francisco-based Mixhalo for an undisclosed sum, as it looks to improve its AI translation offering.
The acquisition, which follows DeepL axing around 250 employees last month, means that DeepL will have its first office in San Francisco.
Cologne-based DeepL, last valued at $2bn, is known for its AI text translation and writing tools. It has also recenlty moved into voice-to-voice translation. It says more than 200,000 businesses use its translation tech.
Founded in 2016 by two musicians and a technologist, Mixhalo provides AI-powered, real-time sound, including in numerous languages, at live events such as major sports, entertainment and conference events.
