Speak, a startup using artificial intelligence to help people learn languages, is now worth $1 billion in a new funding round, doubling its valuation from six months ago.
The company is set to announce Tuesday that it has raised $78 million led by venture capital firm Accel. Existing investors including the OpenAI Startup Fund, Khosla Ventures and Y Combinator also participated. Speak has raised $162 million to date, the company said.
While competitors like Rosetta Stone and Duolingo Inc. have dominated the language learning market for years, Speak is betting that it can use AI to help make people more fluent ...
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