The startup has seen 120,000 downloads and reports 70,000 active users to date. The founders believe that despite the rise of generative AI tools, there is still a need for auto-editing tools. They argue that the quality of Spanish texts produced by large language models (LLMs) like OpenAI’s ChatGPT and Anthropic’s Claude is not up to par, and that their tool can help users improve their writing quality while also providing learning opportunities. The company is also working on fine-tuning these LLMs for Spanish language inputs.
Key takeaways:
- Correcto, a Madrid-based startup focused on creating a language writing tool for Spanish speakers, has raised $7 million in seed funding. The round was led by Octopus Ventures, with participation from Carya Venture Partners and River Park Ventures.
- The company's tool is designed to correct written Spanish in a similar way to Grammarly, using rules-based natural language processing and a proprietary database of Spanish phrases.
- Correcto's founders believe their tool can coexist with large language models (LLMs) like OpenAI’s ChatGPT, arguing that the quality of Spanish texts produced by LLMs is not up to par and that their tool offers opportunities for human learning.
- The startup is targeting professionals in editorial, communications, and marketing fields, and sees significant opportunity in Latin America. It is also exploring the possibility of a strategic exit to one of the AI giants in the future.