Speak
Founded Year
2016Stage
Series B - III | AliveTotal Raised
$87.41MValuation
$0000Last Raised
$20M | 5 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-25 points in the past 30 days
About Speak
Speak is a company focused on language learning, specifically in the education technology sector. The company offers an application that uses advanced AI technology to provide conversational practice in various languages without the need for a live tutor. Primarily, Speak caters to individuals seeking to improve their language skills, particularly in English. It was founded in 2016 and is based in San Francisco, California.
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Research containing Speak
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Speak in 3 CB Insights research briefs, most recently on Aug 14, 2024.
Expert Collections containing Speak
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Speak is included in 2 Expert Collections, including Education Technology (Edtech).
Education Technology (Edtech)
3,423 items
These companies offer tech-enabled solutions that facilitate education and learning for people of all ages, from pre-K to adult and professional education.
Artificial Intelligence
6,888 items
Latest Speak News
Jun 24, 2024
Reading Time: 2 minutes Speakeasy Labs , the developer of the AI English learning solution “Speak,” has successfully secured a Series B3 investment of KRW 30 billion. This recent funding round values the company at approximately KRW 700 billion, positioning it among the ranks of potential unicorns. Buckley Ventures led the investment, with new strategic investors including Paul Graham and Jeff Weiner joining the team. Existing investors, such as the OpenAI Startup Fund and Khosla Ventures , also participated in this round. Since beginning with a seed investment in 2016, Speak has raised KRW 70 billion in Series A and B investments by 2022. Following last year’s Series B2, this latest KRW 30 billion investment brings the total to KRW 115 billion, solidifying its status as an emerging unicorn . Speakeasy Labs stated that they secured significant funding by demonstrating the business viability and technical prowess of their AI language learning platform. Earlier this year, Speak improved its speech recognition model using its own audio datasets, achieving a reduction in word error rate (WER) by over 60% and enhancing processing speed by 20%. Connor Nikolai Zwick, CEO of Speak, remarked, “For the past seven years, Speak has been addressing the fundamental challenges of English learning, and our AI model is crucial to replicating the experience of one-on-one sessions with native speakers. This investment will allow us to further enhance our interface, propelling Speak to become the leading English learning app worldwide.” Founded in 2019, Speak is an AI-based English speaking application that uses voice recognition technology. It moves away from traditional rote learning of vocabulary and grammar, instead fostering confident English conversation through learning and repeating speaking patterns suited to specific situations. Currently, Speak is used by over 10 million people across more than 40 countries, with the user base more than doubling annually over the last five years.
Speak Frequently Asked Questions (FAQ)
When was Speak founded?
Speak was founded in 2016.
Where is Speak's headquarters?
Speak's headquarters is located at 1864 Fell Street, San Francisco.
What is Speak's latest funding round?
Speak's latest funding round is Series B - III.
How much did Speak raise?
Speak raised a total of $87.41M.
Who are the investors of Speak?
Investors of Speak include Khosla Ventures, OpenAI Startup Fund, Paul Graham, Buckley Ventures, Jeff Weiner and 13 more.
Who are Speak's competitors?
Competitors of Speak include Praktika.ai.
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Compare Speak to Competitors
Loora is an AI-powered platform focused on personalized English language learning. The company offers an AI English tutor that enables users to engage in real conversations, receive instant feedback, and improve their language fluency. Loora's services are designed to cater to individuals seeking to enhance their English communication skills for personal and professional growth. It was founded in 2020 and is based in Tel Aviv, Israel.
Toko focuses on AI-powered English language learning within the edtech sector. The company offers an immersive experience for practicing English conversation with real-time feedback on grammar and pronunciation. Toko's services cater to individuals seeking to improve their English speaking skills for professional communication, travel, and exam preparation. It was founded in 2021 and is based in San Francisco, California.
Hallo specializes in providing ICT solutions for small and medium-sized businesses across various sectors. The company offers a range of services including digital workplaces that enable remote work, business software solutions, and comprehensive cybersecurity services. Hallo's solutions cater to businesses looking to integrate advanced technologies such as AI into their operations and seeking to transform their traditional office environments into modern, cloud-based workspaces. It was founded in 2006 and is based in Alkmaar, Netherlands.
Tutor Lily is an AI-powered language learning platform in the education technology sector. The company offers a mobile app chatbot designed to help users become fluent in new languages through practice in real-life conversations and provide corrections and explanations for mistakes. Tutor Lily primarily serves individuals seeking to improve their language skills. It was founded in 2023 and is based in Montreal, Canada.
Praktika.ai is a language learning platform that leverages generative AI avatar tutors to enhance English language acquisition. The company offers an app-based learning experience with personalized, AI-driven exercises and real-time feedback to facilitate English mastery. Praktika.ai primarily serves individuals seeking to improve their English language skills through technology. It was founded in 2022 and is based in Palo Alto, California.
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