December 10, 2024:
Speak Raises $78M for AI Language Learning - OpenAI-backed Speak secures a $78 million Series C round, raising its valuation to $1 billion. The language learning platform uses AI to simulate conversations and enhance speaking skills, prioritizing real-world fluency over standard tests. Currently offering courses primarily in English, Speak plans to broaden its language repertoire.
The app integrates listening, speaking, and contextual learning without human instructors. With over 10 million downloads, Speak intends to incorporate more gamification elements while ensuring effectiveness remains a primary goal.
