OpenAI-backed language learning app Speak raises $16M to expand to the U.S.

Speak, an English language learning platform, has raised $16 million in a funding round led by Lachy Groom, with participation from Dropbox co-founders, Drew Houston and Arash Ferdowsi, bringing its total funding to $54 million; the funds will be used to support Speak's expansion into more markets, including the U.S., with its AI-powered tutor.

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8/3/2023

GoStudent adds another $95M to its war-chest to go after VR and AI-enhanced tutoring

The main topic is the recent fundraising by GoStudent, a tutor marketplace. The company has raised $95 million in a strategic fundraise from investors including Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue, and Softbank Vision Fund 2. The funds will be used to bring enhanced hybrid learning solutions to the DACH region, expand the use of its virtual reality language learning platform, and develop AI-driven tools. GoStudent has also been acquiring complementary products, such as Germany-based Studienkreis. The company now has over 23,000 tutors on its platform and aims to create a bespoke learning path for each individual child.

8/30/2023

Context.ai wants to merge product analytics sensibilities with LLMs

Context.ai, a company that helps businesses understand how well large language models (LLMs) are performing, has raised $3.5 million in seed funding to develop its service that measures user interactions with LLMs.