DeepL Announces Martino Cadoni as New Chief Financial Officer to Drive Growth

DeepL Welcomes Martino Cadoni as Chief Financial Officer

DeepL, a prominent player in AI research and product development, has recently made a significant addition to its executive team: Martino Cadoni has been appointed as the new Chief Financial Officer. This strategic hiring comes at a pivotal time for the company as it continues to expand its presence in international markets and broaden its product offerings.

A Leader in Financial Strategy

Martino Cadoni brings with him over 15 years of extensive experience as a leader in financial and technological sectors. He has a proven track record of guiding high-growth companies through phases of expansion, transformation, and strategic transactions. Before his new role at DeepL, Cadoni served at Klarna, where he held several senior positions, including Head of Strategic Finance and Investor Relations. His role included overseeing the successful divestiture of Klarna Checkout for over $500 million, a critical strategic maneuver for the company.

According to Jarek Kutylowski, DeepL's founder and CEO, “Martino’s hands-on knowledge of rapidly growing tech businesses and his proven history of optimizing financial operations make him the perfect fit for DeepL's next growth phase.” Cadoni’s leadership will be essential as the company navigates increased global adoption from businesses, aiming to bolster DeepL's strategic growth further.

Vision for the Future

Expressing his enthusiasm about joining DeepL, Cadoni stated, “DeepL stands out as one of Europe’s most revolutionary AI companies, merging cutting-edge technology with a crucial mission: unlocking human potential in the AI era.” He emphasized his commitment to shaping the company's financial and strategic roadmap, vital for achieving long-term success. Being part of DeepL during its expansion into new domains beyond translation, such as the agent-based AI sector, is an exciting opportunity for Cadoni.

Legacy and Transition

Martino Cadoni takes over the CFO role from Markus Harder, who left DeepL earlier this year after successfully building a world-class financial team. Kutylowski thanked Harder for his invaluable contributions, stating, “We appreciate Markus’s tremendous work at DeepL and his fundamental role in creating a top-notch financial team that will help steer DeepL towards future success.”

About DeepL

Founded in 2017 under the leadership of Jarek Kutylowski, DeepL is an international company dedicated to AI research and product development, focused on creating safe and intelligent solutions for complex professional problems. With over 200,000 professional clients and a presence in 228 markets worldwide, DeepL's linguistic AI platform is renowned for its high-quality translations and writing assistant features. Leveraging a rich history of innovation and security, DeepL continues to expand its offerings with initiatives like DeepL Agent, an autonomous AI agent designed to transform workflow for businesses and professionals. As it stands today, DeepL employs more than 1000 staff and enjoys support from globally recognized investors such as Benchmark, IVP, and Index Ventures. For more information, visit www.deepl.com.