Speak, an AI-powered language learning company, has reached a significant milestone with the successful completion of its $78 million Series C funding round, bringing the company's valuation to $1 billion. This funding round was led by Accel, with additional support from the OpenAI Startup Fund, Khosla Ventures, and Y Combinator. The company has now raised a total of $162 million, doubling its valuation in just six months. Speak has revolutionized language learning by providing an AI tutor that enables users to achieve spoken fluency, a challenge traditional language learning tools have struggled to address. Since its inception, Speak has enabled users to speak more than one billion sentences, and the company plans to expand its services to more countries in 2025.
Speak’s growth extends beyond individual learning to enterprise solutions with the introduction of Speak for Business, a platform that enhances English learning for employees in companies across various industries. The company’s AI-driven approach has gained traction with more than 200 customers and an impressive 85 percent adoption rate among employees. With personalized lessons and continuous advancements in speech technology, Speak is well-positioned to lead the next wave of AI-powered learning, opening up life-changing opportunities for millions globally.
