AI-Powered Language Learning App Speak
Introduction
Speak is an AI-powered language learning app that is experiencing rapid growth and expansion in the market. Since its launch in South Korea in 2019, Speak has gained over 10 million users and is now available in more than 40 countries.
Expansion and Investment
Investors are keen on supporting Speak's continued expansion, with a recent $20 million Series B extension led by Buckley Ventures. This brings Speak's total funding to $84 million and doubles the startup's valuation to half-a-billion dollars.
Company Background
Speak was founded in 2014 by Connor Zwick and Andrew Hsu, who met during the Thiel Fellowship. The app is designed to teach language by focusing on speaking patterns and repetition rather than memorization of vocabulary and grammar.
Approach to Language Learning
Speak emphasizes verbalization as a key aspect of language learning, aiming to help users attain fluency and connect with different cultures. The app offers crafted lessons in English and Spanish, with plans to expand to French in the future.
Unique Features
- Users are encouraged to speak out loud as much as possible.
- The app uses a speech recognition model for real-time feedback on tone and pronunciation.
- Speak offers subscription plans for access to all features, including review materials and one-off courses.
Growth and Future Plans
With a workforce of 75 employees across multiple offices, Speak is focused on developing new models to enhance real-time feedback on language learning. The app continues to grow its user base and expand into new markets.
Conclusion
Speak's innovative approach to language learning, coupled with its AI-powered features, has positioned it as a leader in the industry. As the app continues to evolve and expand, it remains dedicated to helping users achieve fluency and cultural connections through language.
