AI startup Speak raises $16 million in funding led by Lachy Groom

Speak, an artificial intelligence (AI)-backed English language learning platform, said on Thursday that it has raised $16 million in fresh funding led by venture capitalist Lachy Groom.

The funding round, in which existing investor OpenAI Startup Fund and new investors like Dropbox founders Drew Houston and Arash Ferdowsi also participated, brings the total amount of money raised by Speak to $63 million and will help the company’s expansion into international markets, it said in a statement.