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About Duolingo
Industries
Consumer Software
Education
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Pittsburgh, Pennsylvania
Founded
2011
Overview
Duolingo provides a language learning platform that engages users through gamified, bite-sized lessons. The app caters to a wide range of learners, from those studying for personal interest to professionals and students. Users can access the core features for free, while premium subscriptions offer an ad-free experience and additional functionalities. Duolingo stands out from its competitors by being the most downloaded education app ever and the top-grossing education app in 2019. The company's goal is to make high-quality education accessible to everyone.
Simplify's Take
What believers are saying
- Duo's Treehouse initiative increased share price by 9%, showing strong market interest.
- Partnership with Sumsub enhances security, potentially attracting more English test-takers.
- Friend Streaks feature boosts user engagement and social interaction on the platform.
What critics are saying
- AI-driven EdTech startups like SigIQ.ai pose competitive threats to Duolingo.
- Global cruise initiative may divert focus from core language learning services.
- High P/E ratios suggest potential overvaluation, risking stock price volatility.
What makes Duolingo unique
- Duolingo offers 98 courses across nearly 40 languages, unmatched in language diversity.
- Gamified, bite-sized lessons enhance user engagement and learning retention.
- Freemium model allows free access, with premium features for enhanced learning experience.
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Funding
Total Funding
$703.3M
Above
Industry Average
Funded Over
8 Rounds
Kleiner Perkins
New Enterprise AssociatesBenefits
Medical, dental, and vision for employees as well as eligible partners and dependents
Mental health benefits such as therapy sessions and coaching to support you to be your best self
Fertility benefits to support your family planning journey
Fully paid parental and adoption leave
Fully paid subscription to Care.com and paid backup days for dependents and your fur family
401(k) with generous match and immediate vesting
20 days of PTO, with two additional weeks off for winter break
Yearly professional development stipend
Transportation reimbursement for however you get to work
Lunch prepared daily by our in-house chefs
Annual international retreat for all full-time employees
On-site gym and massages
On-site game/break room
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -2%2 year growth
↓ -1%SigIQ.ai raises $9.5M in seed funding round led by Duolingo.
SigIQ.ai, an AI-driven EdTech startup, has secured $9.5M in seed funding to enhance personalized learning at scale. The funding, co-led by The House Fund and GSV Ventures, will be used to hire talent, improve AI models, and expand platforms globally, focusing on the Indian market. SigIQ.ai's PadhAI Tutor outperformed 1.3M candidates in the UPSC 2024 exam, and EverTutor.ai has gained 10,000 users for GRE prep. The company aims to make high-quality education accessible worldwide.
In an ambitious move blending education with exploration, Duolingo has partnered with Carnival Cruise Line to unveil a five-year global cruise.
Language-learning giant Duolingo was the big winner among a room full of IR excellence at the IR Impact Awards - US in New York on March 26.
Duolingo (NasdaqGS:DUOL) recently experienced a 9% share price increase over the past week, coinciding with the launch of Duo's Treehouse, a bilingual community initiative in Pittsburgh.
Duolingo is Hiring for 42 Jobs on Simplify!
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About Duolingo
Industries
Consumer Software
Education
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Pittsburgh, Pennsylvania
Founded
2011
Duolingo is Hiring for 42 Jobs on Simplify!
Find jobs on Simplify and start your career today