Liulishuo, a Beijing, China-based AI powered education company, closed an approximately $100m in Series C funding.
The round was led by China Media Capital and Wu Capital with participation from earlier investors Trustbridge Partners, IDG Capital, GGV Capital, Cherubic Ventures and Hearst Ventures.
Founded in 2012 by Yi Wang, Hui Lin and Ben Hu in September 2012, Liulishuo hosts a large speech bank of Chinese people speaking English to self-develop an advanced automatic assessment engine for spoken and written English. Its flagship mobile app product “Liulishuo” operates a language learning community in China with over 45 million registered users.
Last July, the company launched an AI English Teacher, in the form of an AI-powered personalized interactive course, in its “Liulishuo” app. Based on deep learning technologies, AI English Teacher provides a personalized and adaptive learning path for every learner. It was designed to help learners improve all aspects of their English language abilities (listening, speaking, reading and writing) and to provide a comprehensive language learning solution.
Within one year, the course has acquired about 600,000 paying users.