16.4 C
London
Wednesday, May 15, 2024
HomeFinTechSpeak: Raises $27M in Series B Funding

Speak: Raises $27M in Series B Funding

Date:

Speak Raises $27M in Series B Funding

  • Speak, a South Korean startup that uses artificial intelligence to help people learn English, raised $27m in Series B funding
  • The round was led by the OpenAI Startup Fund, with participation from Lachy Groom, Josh Buckley, Justin Mateen, Gokul Rajaram, and Founders Fund
  • The company is a language learning startup that allows language learners to have conversations with an AI tutor while receiving feedback on its skills
  • The company has developed a collection of content experiences that allow learners to practice conversing in English, modeling every day scenarios and interactions
  • The company initially launched in Southeast Asia with a particular focus on South Korea, and has gained traction, with double-digit million ARR and nearly 100,000 paying subscribers

Related stories

Monzo secures additional $190m funding from new and existing investors

Funding Round Details:Monzo, the UK-based digital challenger...

Sweden’s Mitigram names Pedram Tadayon as new CEO

New CEO Appointment:Swedish digital trade financing platform...

Ecology Building Society set for 2025 core banking overhaul with Monument Technology

Partnership Overview:UK-based mutual Ecology Building Society has...

UK lender Abound secures £800m in mix of equity and debt financing

Abound's Financing Round:UK-based credit technology firm Abound...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img