The company's founders, Adam Turaev, Anton Marin, and Ilya Chernyakov, previously built Cleverbots, an AI service business with clients like Coca-Cola and AstraZeneca. Praktika uses different AI models and has gathered terabytes of human-to-AI interaction data to reinforce these models. The funding will be used to continue the company's growth, with participation from figures like Carles Reina and Patrice Evra.
Key takeaways:
- Language-learning app Praktika uses personalized AI-powered avatars to replicate the experience of having a private tutor, making language learning feel more natural.
- Praktika has 1.2 million active monthly users across 100 countries and generated revenue of almost $20 million in the last 12 months.
- The startup has secured a $35.5 million Series A funding round led by Blossom Capital, following a previously unannounced $2.5 million seed fundraise led by Creator Ventures and Blue Wire Capital.
- Praktika's founding team, who previously built AI service business Cleverbots, uses different AI models and large amounts of anonymized human-to-AI interaction data to continuously improve the app's language learning capabilities.