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About Speak
Industries
Consumer Software
AI & Machine Learning
Education
Company Size
201-500
Company Stage
Series C
Total Funding
$161.2M
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. Users receive immediate feedback and personalized learning experiences, making it suitable for a wide range of individuals, from students to professionals. 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. Speak.com’s goal is to make language learning more accessible and efficient by eliminating the need for scheduling and live tutors, providing a flexible solution for learners around the world.
Simplify's Take
What believers are saying
- Speak raised $78M in Series C, reaching a $1B valuation in December 2024.
- The app has over 10 million downloads and plans to expand further.
- 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 dilute Speak's market share.
- Rapid AI technology development may render Speak's offerings obsolete if not updated.
- User privacy concerns related to AI data handling could impact user trust.
What makes Speak unique
- Speak uses AI to simulate real-life conversational scenarios for language learning.
- The app provides immediate feedback and personalized learning experiences through AI technology.
- Speak's user-friendly interface and subscription model cater to diverse user needs.
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Funding
Total Funding
$161.2M
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
↑ 3%1 year growth
↑ 0%2 year growth
↑ 0%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, an AI language startup, achieved unicorn status with a $1 billion valuation after raising a $78 million Series C led by Accel. This follows a $20 million Series B extension in June at a $500 million valuation. Speak's platform uses AI to enhance language fluency and has created over 25 million personalized lessons this year. Founded in 2016, Speak has raised $162 million, with investors like OpenAI Startup Fund and Khosla Ventures. AI startups have raised over $87 billion this year.
Speak is Hiring for 15 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
$161.2M
Headquarters
San Francisco, California
Founded
2015
Speak is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today