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OpenAI-backed language learning app Speak raises $16M to expand to the US
Speak, an English language learning platform backed by OpenAI’s startup investment fund, the OpenAI Startup Fund, today announced that it raised $16 million in a Series B-2 funding round led by angel investor Lachy Groom. The co-founders of Dropbox, Drew Houston and Arash Ferdowsi, also participated in Speak’s tranche, which brings the startup’s total raised […]
Aug 31, 2023
OpenAI Startup Fund raises $44M in its largest SPV yet
The OpenAI Startup Fund, the early-stage AI investor affiliated with OpenAI, recently disclosed in a financial filing that it has raised over $44 million for its fifth Special Purpose Vehicle (SPV) — its biggest so far. Launched in 2021, the Fund has an unusual structure. It uses OpenAI’s name, but says OpenAI is not an investor. Originally legally controlled by OpenAI cofounder and CEO Sam Altman, it has raised money from outside LPs, including Microsoft, a big OpenAI backer, and “other OpenA
Dec 9, 2024
Anthropic raises $450M to build next-gen AI assistants
Anthropic, the prominent generative AI startup co-founded by OpenAI veterans, has raised $450 million in a Series C funding round led by Spark Capital. Anthropic wouldn’t disclose what the round valued its business at. But The Information reported in early March (and as confirmed by us when we were leaked the pitch deck for the […]
May 23, 2023
English learning platform ELSA lands $22.5M Series C
ELSA, the English language learning platform, announced today it has raised $22.5 million in Series C funding. It also launched ELSA AI Tutor, which draws on years of speech recognition data collected by the app and reproduces conversations through generative AI to help learners correct their pronunciation, grammar and tone. This brings ELSA’s total raised […]
Sep 12, 2023