Elsa, a San Francisco, CA-based company leveraging machine learning and speech recognition technology to teach English, raised $23M in Series C funding.
The round was led by ELSA’S round was led by UOB Venture Management, with UniPresident, Asia Growth Investment Fund which is a joint business of Aozora Bank and Development Bank of Japan (DBJ). Previous investors Gradient Ventures, Google’s AI-focused venture fund, Monk’s Hill Ventures, and Globant Ventures also participated.
The company intends to use the funds to accelerate the launch and expansion of its AI into international markets like Taiwan and Korea, and accelerate partnerships with corporations and schools in countries like Japan where English learners are looking to improve their language skill to access global job opportunities.
Founded in 2015 by Vu Van and Dr. Xavier Anguera, Elsa is a mobile app for language learners that helps improve pronunciation and reduce accents, utilizing in-house speech recognition, automated feedback and deep machine learning technology. Its AI tutor is supported by years of speech recognition experience and data. The teaching app reproduces natural conversation through Generative (Voice) AI, offering a fully immersive English learning experience.
The new ELSA AI Tutor feature is officially available in the ELSA Speak App and will automatically update for all current users.
The company has offices in Portugal and Vietnam.
FinSMEs
12/09/2023