Loora, a Tel Aviv, Israel-based AI English language learning company, raised $12M in Series A funding.
The round was led by QP Ventures, with participation from new investor Hearst Ventures and existing investors Emerge and Two Lanterns Venture Partners, among others.
The company intends to use the funds to expand its team, advance the proprietary AI capabilities fueling its mobile app platform, and extend its market reach to new audiences in the coming months.
Founded by Roy Mor and Yonti Levin in 2020, Loora provides English language learners with an app-based platform that leverages AI specifically built, trained, and optimized for gaining practical fluency through personalized learning. The platform offers virtual language coaching 24/7 with real-time pronunciation and grammar feedback on conversations about any topic, at an affordable cost. Its conversational AI allows learners to practice and hone their English skills using the subjects and situations that matter to them, whether that be role-playing real-life scenarios like job interviews, having technical conversations about a topic they’re passionate about, or practicing engaging social interactions in English.
Commenting on the news, Roy Mor said: “Building AI that can guide and support learners throughout their journey to achieving English fluency in an effective, engaging, and personalized way is a significant technological endeavor. We are grateful to have such incredible investors supporting us as we work to constantly improve our technology and expand its reach to even more individuals, professionals, and organizations.”
FinSMEs
21/02/2024