Revolutionizing Language Learning: Speak Secures $78M Funding at $1B Valuation

In a significant milestone, Speak, a pioneering language learning platform, has announced a $78 million Series C funding round, catapulting its valuation to $1 billion. This investment, led by Accel and joined by existing backers OpenAI, Khosla Ventures, and Y Combinator, underscores the platform’s innovative approach to language learning.

Speak’s unique methodology focuses on spoken communication, mimicking the way native speakers learn languages. By leveraging AI-powered audio conversations, the platform listens to users’ responses, providing personalized feedback to enhance their language skills. This approach has resonated with learners worldwide, driving Speak’s remarkable growth.

The funding will be utilized to expand the platform’s language offerings, with Spanish and French being the initial additions. Currently, Speak supports eight languages for English learners, with plans to broaden its reach to cater to a diverse user base.

Speak’s CEO, Connor Zwick, emphasized the platform’s commitment to efficacy over gamification, ensuring that users develop practical language skills rather than merely engaging in interactive exercises. While gamification may be introduced in the future, Speak’s primary focus remains on delivering a comprehensive language learning experience.

The investment round also saw Ben Quazzo, a partner at Accel, join Speak’s board of directors. “Speak has emerged as a standout player in consumer AI, demonstrating exceptional growth and market potential,” Quazzo stated.

As the language learning market continues to evolve, Speak’s innovative approach and commitment to efficacy position the platform for sustained success. With this significant funding round, Speak is poised to revolutionize the way people learn languages, empowering millions to communicate effectively in a rapidly globalizing world.