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About Speak
Industries
Consumer Software
AI & Machine Learning
Education
Company Size
201-500
Company Stage
Series C
Total Funding
$165.8M
Headquarters
San Francisco, California
Founded
2015
Overview
Speak.com specializes in language learning solutions, focusing on helping users practice English through an AI-powered mobile application. This app allows users to engage in realistic conversational scenarios without needing a live tutor, using advanced artificial intelligence to simulate conversations and provide immediate feedback. Speak.com targets a wide range of users, from students to professionals, who want to improve their English skills. Unlike many competitors, Speak.com stands out due to its effective use of AI technology and a user-friendly interface. The company operates on a subscription-based model, offering various service tiers to accommodate different user needs and budgets. The goal of Speak.com is to make language learning more accessible and efficient by eliminating the need for scheduled sessions with tutors, thus providing a flexible solution for learners around the world.
Simplify's Take
What believers are saying
- Speak raised $78M in Series C, reaching a $1 billion valuation.
- The app has over 10 million downloads and plans to expand further.
- Speak was named Google Play's Best App of 2024 in Hong Kong, Korea, and Taiwan.
What critics are saying
- Increased competition from new AI language learning apps could threaten Speak's market share.
- Rapid AI advancements may require costly updates to Speak's platform.
- Over-reliance on OpenAI's technology could pose risks if API terms change.
What makes Speak unique
- Speak uses AI to simulate realistic conversations for language learning.
- The app provides immediate feedback and personalized learning experiences.
- Speak's user-friendly interface sets it apart in the competitive language app market.
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Funding
Total Funding
$165.8M
Above
Industry Average
Funded Over
5 Rounds
Accel
Y Combinator
Founders FundIndustry standards
Benefits
Standard tech startup benefits
Stipends for commuting, fitness, & learning
Annual company offsite.
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 2%2 year growth
↑ 0%Sam Altman has invested in various sectors including AI, energy, anti-aging, and edtech. He participated in Series B funding for Slope, a B2B payment automation platform, and Wrap, a coding assistant tool. In 2019, he signed a letter of intent to invest $51 million in Rain AI's chip through OpenAI. In 2022, Speak, an AI-based language learning app, received Series A funding from Altman and later secured further investments from OpenAI's startup fund. Recent investments include AirOps, CrewAI, and Exowatt.
OpenAI has invested in Speak, a language learning app that emphasizes speaking and listening through generative AI. In December 2024, Speak raised $78 million in a Series C round, led by Accel, reaching a $1 billion valuation. This follows a $20 million Series B round just six months prior. Speak's approach involves AI-generated real-life scenarios for immersive language practice. The app has over 10 million downloads and offers courses in multiple languages, with plans to expand further.
Speak, an edtech startup, raised a $78 million Series C led by Accel, doubling its valuation to $1 billion in under six months. The San Francisco-based company, founded in 2016, uses AI to help users learn new languages and has created over 25 million personalized lessons this year. Speak has raised a total of $162 million.
AI 기반 영어 학습 솔루션 ‘스픽(Speak)’을 운영하는 스픽이지랩스코리아가 시리즈C 투자 라운드에서 약 1,094억 원(7,800만 달러)을 유치하며 유니콘 기업으로 진입했다고 11일 밝혔다.
Speak’s app uses an artificial intelligence “conversational partner” to help people become fluent in English.
Speak is Hiring for 22 Jobs on Simplify!
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About Speak
Industries
Consumer Software
AI & Machine Learning
Education
Company Size
201-500
Company Stage
Series C
Total Funding
$165.8M
Headquarters
San Francisco, California
Founded
2015
Speak is Hiring for 22 Jobs on Simplify!
Find jobs on Simplify and start your career today