Summary:
Language learning platform Preply has secured $70 million in Series C funding to further develop its AI capabilities. The company, known for connecting students with tutors and group classes across 50 languages, aims to leverage AI to enhance its platform and provide personalized learning experiences for users. This funding round includes a combination of debt and equity financing and will support Preply’s expansion plans.
Key Points:
Here are the key points from the article:
– Preply, a language learning platform, has raised $70 million in Series C funding.
– The funding will be used to develop Preply’s AI capabilities and enhance its platform.
– The company aims to provide personalized learning experiences for users through AI technology.
– Preply connects students with tutors and group classes across 50 languages.
– The funding round includes a combination of debt and equity financing.
– Preply plans to use the funds to expand its operations and reach more learners globally.
Hot Take:
Preply’s latest funding round will enable the company to invest in AI technology and further improve its language learning platform. By leveraging AI, Preply can offer personalized learning experiences to its users, enhancing the effectiveness of language learning. With its expansion plans, Preply is poised to reach a wider audience and solidify its position in the language learning market.
Conclusion:
With $70 million in Series C funding, Preply is well-positioned to continue its growth and innovation in the language learning space. By incorporating AI into its platform, the company aims to provide a more personalized and effective learning experience for its users. As Preply expands its operations, it has the potential to become a leading player in the language learning market.
Original article: https://techcrunch.com/2023/07/19/preply-the-language-app-known-for-its-live-tutors-closes-out-series-c-at-120m-and-doubles-down-on-ai/
