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ELSA raises $15 million for Global Expansion of its AI English Pronunciation Assistant

PRIVATEFeb 01, 2021

Amount Raised

$15 Million

Round Type

Funding Round

San FranciscoNon ProfitSmart Cities

Description

ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve their English speaking skills and pronunciation, today announces a Series B round of $15 million in new capital. This round was co-led by VI (Vietnam Investments) Group and SIG. Previous investors Gradient Ventures, Google’s AI-focused venture fund, SOSV, and Monk’s Hill Ventures also participated in this round. New investors are Endeavor Catalyst and Globant Ventures, which will assist ELSA’s expansion efforts in Latin America.

Quick answer

Elsa raised $15 Million in a Funding Round round, dated February 1, 2021. Elsa is based in San Francisco, California, United States.

How much did Elsa raise?
Elsa raised $15 Million in a Funding Round round on February 1, 2021.
What does Elsa do?
Together with a very talented team of speech recognition scientists and linguistic experts, we created ELSA (English Language Speech Assistant), one of the smartest A.I. assistant for pronunciation training and accent..
Where is Elsa based and how big is it?
Elsa is based in San Francisco, California, United States.
Who are the decision-makers at Elsa?
Fundz holds 1 contact at Elsa. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Non Profit and Smart Cities around the same time

Companies in the same sectors as Elsa that raised within 45 days of this round, from Fundz verified event records.

  • Cerity Partners raised an undisclosed amount (Funding Round) on February 2, 2021.
  • Parent Project Muscular Dystrophy raised an undisclosed amount on January 19, 2021.
  • Lumina Foundation raised $3M (Seed) on January 13, 2021.

Who to call at Elsa, and when

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Company Information

Company

Elsa

Location

San Francisco, California, United States

About

Together with a very talented team of speech recognition scientists and linguistic experts, we created ELSA (English Language Speech Assistant), one of the smartest A.I. assistant for pronunciation training and accent reduction. Our vision is to enable the 1.5 billion language learners around the globe to speak foreign languages with full confidence and unlock their opportunities in life. Our flagship product, ELSA Speak, is a personal virtual pronunciation coach. ELSA can listen to you speak English, pick out the exact errors as you speak at an individual sound level or intonation, rhythm, and pitch. ELSA will then give you instant feedback and recommendations on how to fix those errors. All these feedback are fully automated using our proprietary speech recognition technology based on deep-learning algorithm. Our recent accomplishments: - “The Best Digital Learning App” at Reimagine Education 2016 - The 2016 winner of the world’s largest startup competition SXSWEdu Launch - Honorable Mention: Fast Company's World Changing Ideas Awards, 2020 - GSV Edtech 150, CBInsights AI 100, 2020 & 2021 - Recognized as Top 5 Best Artificial Intelligence Apps (by Research Sniper); and Top 4 Companies Using AI To Transform The World (by Forbes) - 50+ million users across 200+ countries - Invested by Gradient Ventures - Google’s A.I. fund For career opportunities, please visit https://elsaspeak.com/careers

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Elsa raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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