OpenAI-backed Speak raises $78M at $1B valuation to help users learn languages by talking out loud [Yahoo! Finance]
Duolingo, Inc. - Class A (DUOL)
Company Research
Source: Yahoo! Finance
Speak has built a platform to teach languages by focusing on how native speakers learn: Using AI, the startup generates audio conversations and listens to users' responses to improve their grasp of a language. Now, Speak is announcing a milestone fundraise that further bolsters its progress: a Series C of $78 million that catapults its valuation to $1 billion. The funding round is being led by Accel, with previous backers OpenAI (via its Startup Fund), Khosla Ventures and Y Combinator also participating. The fundraise is a major jump forward for the startup. Speak confirmed a Series B extension of $20 million at a $500 million valuation only six months ago Some of this investment activity may well be down to the huge enthusiasm around generative AI and one of Speak's key investors. OpenAI, as you might have guessed, is not just a financial backer here. Speak is using the company's technology to power its platform, and the ChatGPT maker's also an early partner for the latest in
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DUOL
Earnings
- 11/6/24 - Beat
DUOL
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/19/24 - Form 144
- DUOL's page on the SEC website