AI Language Learning App Raises $20M, Doubles Valuation
Speak is AI-powered language learning app. Here are it main features:
- Impressive Growth:
It was first launched in South Korea. Since its 2019 launch in South Korea, Speak has expert exponential growth. With over 10 million users, its user base has doubled annually for the last five years. Speak now boosts more than 40 countries, making it a global phenomenon.
- Investor Confidence:
Investors are powering and operating Speak’s expansion. The recent $20 million Series B extension was led by Buckley Ventures. It brings Speak’s total funding to $84 million. This capital addition also doubles the startup’s valuation to half a billion dollars.
- Unique Approach:
Not like traditional language apps, Speak centers on teaching through speaking patterns and repetition. Users learn by articulating rather than memorizing vocabulary and grammar. It’s a refreshing departure from the norm, stressing and highlighting fluency and real-world communication.
- Languages and Future Plans:
Speak started with English and stretched out to Spanish. French lessons are on the perspective. The app charges $20 per month or $99 per year for access to all features, including review materials and one-off courses.
- Roadmap Ahead:
Speak’s near-term roadmap includes developing new models for better real-time feedback on tone and pronunciation. It’s all about helping users connect cultures and create economic opportunities through language fluency.
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In conclusion, Speak’s AI-powered language learning app is an outstanding connection between technology and human connection. Its distinctive approach, impressive growth, and investor confidence make it a standout in the language learning landscape. As Speak continues to expand and improve its features, users can look forward to a more fluent and culturally connected future.
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