MyBuddy.ai, a startup that establishes virtual tools to assist kids find out English, revealed today that it has raised$ 1 million in seed funding from LETA Capital. The capital will be utilized to broaden into new markets and develop brand-new features consisting of mini-classes
about health. The San Francisco-based business’s app includes a AI-based virtual tutor called Friend who coaches kids through a series of workouts. According to MyBuddy.ai, there are 500 million kids around the world who want to find out English, but don’t have someone to practice the language with. It declares that its app has actually been downloaded more than one million times considering that launching two years earlier.
In a press statement, MyBuddy.ai co-founder and CEO Ivan Crewkov said, “The need for online education is rising dramatically due to the pandemic. This has actually exacerbated the persistent lack of qualified English language instructors needed for half a billion kids having a hard time to learn English as a 2nd language. Our AI-powered tutor Buddy can manage the ordinary part of their work. He supplies unrestricted practice of spoken English, can scale to millions of students and is constantly readily available.”
Last month, MyBuddy.ai combined with Edwin, an edtech startup that likewise concentrates on finding out English for non-native speakers and whose investors include General Catalyst, Y Combinator and Google Assistant Investments Program. Edwin’s products consisted of a chatbot based upon adaptive knowing and natural language comprehending AI, and an on-demand tutoring service. The combined business kept the name MyBuddy.ai and is focused on integrating technology from both startups into the Pal app.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.