As the international language of business, there are many incentives for global entrepreneurs to learn English. With over 1.5 billion people actively learning the language to better their chances in the job market, the customer base for Speak, an AI tutor in the English language is potentially massive.
Investors believe so too, with tens of millions of dollars raised to fund the company from a range of international firms including Korean investors and the Silicon Valley-based OpenAI Fund. This surge of capital will help Speak develop its software and open new markets, especially in the US.
Speak is attempting to break into a human-saturated education market and the success of learning English fluently through its platform is yet to be proven. That being said, it has the potential to become a leading tool specifically in the mobile app sector if it can prove itself as efficient and accessible as the language learning platform DuoLingo.
Kirsty
Company Specialist at Welcome to the Jungle