On May 22, 2024, the U.S.-based AI language learning app startupPraktikaannounced it had raised $35.5 million in Series A funding, led by Blossom Capital. Prior to this round, it had raised $2.5 million in seed funding, led by Creator Ventures and Blue Wire Capital.
Pratika plans to use the raised funds to improve the app experience, enhance the accuracy of avatars, add new languages including Spanish, French, and German, and establish new development hubs in Eastern Europe and the UAE.
Pratika is a language learning app company founded in 2022 by Adam Turaev, Anton Marin, and Ilya Chernyakov, who previously co-founded Cleverbots, a conversational AI platform used by industry giants including Coca-Cola, Kimberly-Clark, and AstraZeneca. Praktika uses artificial intelligence and virtual digital humans to create a "private tutor" experience, with 1.2 million active monthly users across 100 countries, and has rapidly grown to nearly $20 million in annual revenue over the past 12 months. The company is loved by users in the app store with a high rating of 4.8 stars. Praktika is committed to enabling users to interact with "tutors" with different accents, including American, British, Asian, and Indian accents, by providing personalized language learning courses.
(Source:Tech.eu）