Language learning platform Preply bags $70M to incorporate more AI into offering
2023-07-21 09:49:57

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Preply, a language learning platform connecting users with human tutors, raised $70 million funding in a combination of equity and debt, bringing its total funding amount to more than $170 million, according to CNBC.

The equity part was led by Horizon Capital, with participation from Reach Capital, Hoxton Ventures and others.  to ramp up its use of artificial intelligence,  

Preply, founded in Ukraine in 2013 by Kirill Bigai, Dmytro Voloshyn, and Serge Lukianov but currently headquartered in the U.S., enables users to choose from over 32,000 online tutors based on their own schedule, and practice languages in real time with tutors.

Preply said it is incorporating more AI into its offering, having launched an AI assistant to help tutors come up with exercises, grammar explanations, and conversations starters. 


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