Speak takes a giant leap to unicorn status with AI language learning

Speak raised $78 million in a Series C funding round, achieving a valuation of $1 billion. This funding, led by Accel, doubles Speak's previous valuation of $500 million from a Series B extension announced last June. The platform creates audio conversations to improve user fluency and has produced over 25 million personalized lessons this year. Speak launched an enterprise offering for employers following its last funding round. Notable investors in the latest round include OpenAI Startup Fund, Khosla Ventures, and Y Combinator. Founded in 2016, Speak has raised a total of $162 million. In 2024, AI-related startups, like Speak, secured over $87 billion in funding, surpassing last year's total of approximately $56 billion.

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