🚨 OpenAI-backed Speak raises $78M at $1B valuation to help users learn languages by talking out loud Speak has developed a language learning platform that mimics how native speakers acquire languages, emphasizing listening and speaking over traditional reading and writing methods. The startup recently raised $78 million in a Series C funding round, increasing its valuation to $1 billion. The round was led by Accel, with participation from notable investors like OpenAI, Khosla Ventures, and Y Combinator. The funding will help expand the number of languages offered, starting with Spanish and French, while continuing to support English learners. Speak's approach focuses on practical communication skills, utilizing AI to generate audio conversations and facilitate user practice without human involvement. The app has been downloaded over 10 million times, with users averaging 10-20 minutes of usage daily, and it operates on a subscription model. Speak's learning process involves three steps: immersion in listening and speaking, repetitive practice of new phrases, and contextual application of language using AI. The company aims to avoid traditional test preparation, prioritizing real-world communication skills. While it currently lacks integrations with standardized language assessments, plans for a fluency scoring system are in development. Gamification is not yet part of Speak's strategy, but future updates may include features that encourage engagement without sacrificing educational effectiveness. The successful funding round and strategic investments highlight Speak's potential in the consumer AI and language learning markets. 💬 Source 📌 Powered by V3V Ventures