ELSA, an AI-powered English language learning platform, announced it has raised $23 million in Series C funding led by UOB Venture Management, bringing ELSA’s total raised so far to $60 million, according to TechCrunch.
UniPresident, Aozora Bank, Vietnam Investments Group (VIG) and Development Bank of Japan (DBJ), along with existing investors Gradient Ventures (Google’s AI-focused fund), Monk’s Hill Ventures and Global Ventures also participated.
ELSA, which stands for English Language Speech Assistant, was started in 2016. The San Francisco and Ho Chi Minh-based startup is an AI-enabled language learning platform that utilizes speech recognition on English pronunciation training and accent reduction.
The mobile English speaking and pronunciation app aims to help language learners improve their speaking ability by listening to how they pronounce words, sentences, or conversations to pinpoint exact errors and provide real-time, accurate suggestions on their pronunciation mistakes.