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OpenAI-backed language learning app Speak raises $16M to expand to the U.S. | TechCrunch

Aug 31, 2023 - news.bensbites.co
Speak, an English language learning platform, has raised $16 million in a Series B-2 funding round led by angel investor Lachy Groom, with participation from Dropbox co-founders Drew Houston and Arash Ferdowsi. The funding will be used to support Speak's expansion into more markets, including the U.S. by the end of the year. The startup, which is backed by OpenAI’s startup investment fund, has raised a total of $54 million to date.

Speak's app, available on Android and iOS, offers interactive speaking experiences guided by an AI tutor. The startup has integrated OpenAI’s GPT-4 text-generating model and Whisper API for multilingual speech recognition into its platform. Speak has also collaborated with OpenAI on new plugins for ChatGPT, marking its first venture into teaching beyond English. The company aims to differentiate itself through its commitment to low-cost language education.

Key takeaways:

  • Speak, an English language learning platform, has raised $16 million in a Series B-2 funding round led by angel investor Lachy Groom, bringing its total raised to $54 million.
  • The startup, backed by OpenAI’s startup investment fund, plans to expand its launch in more markets, including the U.S., by the end of the year.
  • Speak's app offers interactive speaking experiences guided by an "AI tutor", and has helped nearly 6% of Korea’s population learn English.
  • After investment from OpenAI, Speak began using OpenAI’s AI technology for new capabilities and features, including upgrading its AI Tutor with OpenAI’s GPT-4 text-generating model.
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