Speak raised $78M in a Series C funding round led by Accel to enhance its language learning platform using AI.

Dec 10, 2024•7 months ago

Amount Raised

$78 Million

Round Type

series c

San FranciscoMachine LearningArtificial IntelligenceNatural Language ProcessingLanguage Learning

Investors

Y CombinatorKhosla VenturesOpen AiAccel

Description

Speak has successfully completed a Series C funding round, raising $78 million at a $1 billion valuation. The funding will be used to expand the number of target languages available on its platform, starting with Spanish and French.

Company Information

Company

Speak

Location

San Francisco, California, United States

About

Speak is a language learning app that sets users on the path to fluency with the world’s most advanced AI tutor. Built on the core learning philosophy of getting users speaking out loud as much as possible, Speak's AI language-learning experience encourages dynamic two-way dialogue through personalized content and real-time speech recognition.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Speak raised $78M in a Series C funding round led by Accel to enhance its language learning platform using AI.

Investors

Description

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