Speak, the AI-driven language tutoring platform founded by Thiel Fellowship alumni, has rapidly gained traction, hitting an impressive $100 million in annual revenue and achieving a $1 billion valuation. With its recent expansion into Seoul, Speak addresses the high demand for effective English education, focusing on conversational practice rather than traditional grammar instruction. The platform offers engaging voice-based scenarios for learners, utilizing OpenAI technology for personalized experiences. Speak supports six languages and has amassed around 15 million downloads, with monetization primarily through consumer plans ranging from $80 to $200. In 2024, it launched workplace plans for companies like KPMG and HD Hyundai, further broadening its reach. While competitors like Duolingo reported $724 million in revenue, Speak distinguishes itself by prioritizing spoken comfort and active dialogue practice. Backed by significant investments from Khosla Ventures and others, Speak continues to innovate and adapt its offerings in the evolving language learning landscape.
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