Praktika.ai

History

2024: Raising $35.5 million in investments

On May 22, 2024, it became known that the Praktika.ai foreign language service held a Series A funding round, during which $35.5 million was raised for development. The program was led by the investment company Blossom Capital.

The team of founders of the Praktika.ai includes Russians Adam Turaev (general director), Anton Marin (technical director) and Ilya Chernyakov. The peculiarity of the service is that in the process of learning a language, you can create an individual avatar using artificial intelligence. This allows you to simulate interaction with a personal tutor. Through changes in voice tone and emotion, the learning process becomes more natural. Avatars know how to speak with various accents, such as American, British, Asian and Indian. The more a student interacts with an AI teacher, the more personalized classes become. It is assumed that this approach allows you to increase the effectiveness of training - including by increasing user engagement.

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According to the Praktika.ai 's own data, the audience of the service as of the end of May 2024 is approximately 1.2 million active users in 100 countries around the world. The platform's mobile application is available for devices running Android and. iOS It is argued that to achieve progress, it is enough to use the service for about 20 minutes a day.

According to TechCrunch, before the Series A financing program, the Praktika.ai platform raised $2.5 million as part of the seed round - funds were provided by Creator Ventures and Blue Wire Capital. The money received will be aimed at further improving the service, expanding its functionality and increasing the audience.^[1]

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