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OpenAI’s Backing A Testament to Speak’s Potential
Speak, an innovative language learning application, has successfully secured $16 million in its Series B-2 funding round. With the backing of OpenAI’s startup investment fund, Speak stands out as a promising contender in the realm of AI-powered language learning platforms. The recent funding, led by angel investor Lachy Groom, is set to propel Speak’s expansion, particularly in the U.S. market.
The Genesis of Speak A Fusion of EdTech and Neuroscience
Founded in 2016 by Connor Zwick and Andrew Hsu, Speak’s origins are deeply rooted in the diverse backgrounds of its founders. Zwick, with his prior experience in edtech, and Hsu, with his expertise in neuroscience, combined their strengths to create a platform that offers a unique approach to language learning.
Revolutionizing Language Learning with AI
Speak’s platform offers users the opportunity to engage in interactive speaking experiences. Through its app, learners can participate in open-ended conversations guided by an AI tutor. This tutor provides real-time feedback on various aspects of language, including pronunciation, grammar, and vocabulary. The integration of OpenAI’s GPT-4 text-generating model has further enhanced the platform’s capabilities, offering learners highly personalized and contextual feedback.
Achievements and Aspirations Speak’s Journey So Far
Having initially launched in South Korea, Speak has witnessed significant success, becoming one of the top-downloaded education apps in the region. The platform claims to have assisted nearly 6% of Korea’s population in their English learning journey. With the recent funding, Speak aims to broaden its horizons, targeting major markets worldwide, including the U.S.
The Differentiator Affordable and Effective Language Education
Speak’s commitment to providing low-cost language education sets it apart in the competitive landscape. The platform’s mission is to offer learners access to conversational practice without the hefty price tag associated with live tutors. This democratization of language learning, powered by AI, promises to make quality education accessible to a broader audience.
Speak’s recent funding milestone, combined with its innovative approach to language learning, positions it as a game-changer in the edtech sector. As the company continues to expand and refine its offerings, it is poised to redefine the language learning experience for users globally.
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