💰The Funding Letter #1564: December 11

Speak, LambdaTest, AQEMIA, and more...

December 11, 2024

Good Morning! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. 🔥New Sales Gigs from Enterpret below!

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🌎 Americas

Speak has developed a language-learning mobile application that uses speech recognition techniques and instant feedback to get users speaking out loud and practicing their target language more effectively. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $78M, Series C ($1B Valuation)

Round Investors: Accel (lead), Khosla Ventures, OpenAI Startup Fund, Y Combinator

🚀Growth Focus: Expand the number of target languages users can learn with Speak and its customer base, starting with Spanish and French. 

HQ: San Francisco, CA

Industry: E-Learning Providers

Employee Count: 185 (⚡19% increase in last 6 months)

LambdaTest operates an AI-powered unified enterprise test execution cloud platform that allows scalable and reliable cloud infrastructure that runs on end-to-end selenium automation, allowing developers and testers to create, view, edit, and assign issues to team members easily. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $38M, Series D

Round Investors: Avataar Venture Partners (lead), Qualcomm Ventures

🚀Growth Focus: Accelerate its mission to democratize quality engineering and scale its innovations like KaneAI.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 528

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