Friday, November 22, 2024
8.7 C
New York

Speak: Raises $27M in Series B Funding

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

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img