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ELSA raises $15 million for Global Expansion of its AI English Pronunciation Assistant

Feb 01, 2021•over 4 years ago

Amount Raised

$15 Million

San FranciscoSmart CitiesNon Profit

Description

ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve their English speaking skills and pronunciation, today announces a Series B round of $15 million in new capital. This round was co-led by VI (Vietnam Investments) Group and SIG. Previous investors Gradient Ventures, Google’s AI-focused venture fund, SOSV, and Monk’s Hill Ventures also participated in this round. New investors are Endeavor Catalyst and Globant Ventures, which will assist ELSA’s expansion efforts in Latin America.

Company Information

Company

Elsa

Location

San Francisco, California, United States

About

Together with a very talented team of speech recognition scientists and linguistic experts, we created ELSA (English Language Speech Assistant), one of the smartest A.I. assistant for pronunciation training and accent reduction. Our vision is to enable the 1.5 billion language learners around the globe to speak foreign languages with full confidence and unlock their opportunities in life. Our flagship product, ELSA Speak, is a personal virtual pronunciation coach. ELSA can listen to you speak English, pick out the exact errors as you speak at an individual sound level or intonation, rhythm, and pitch. ELSA will then give you instant feedback and recommendations on how to fix those errors. All these feedback are fully automated using our proprietary speech recognition technology based on deep-learning algorithm. Our recent accomplishments: - “The Best Digital Learning App” at Reimagine Education 2016 - The 2016 winner of the world’s largest startup competition SXSWEdu Launch - Honorable Mention: Fast Company's World Changing Ideas Awards, 2020 - GSV Edtech 150, CBInsights AI 100, 2020 & 2021 - Recognized as Top 5 Best Artificial Intelligence Apps (by Research Sniper); and Top 4 Companies Using AI To Transform The World (by Forbes) - 50+ million users across 200+ countries - Invested by Gradient Ventures - Google’s A.I. fund For career opportunities, please visit https://elsaspeak.com/careers

Funding Insights

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