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2 clusters · 4 sources · 4 days · First seen · Last updated

Loora Series B funding for AI English learning

Overview

Loora, a Tel Aviv-based AI English learning platform, has secured $22 million in a Series B funding round. Led by Union Tech Ventures with participation from Hearst Ventures, vgames, Emerge, and QP Ventures, this investment brings the company’s total funding to $43.25 million.

The company intends to utilize the capital to bolster AI research and development, enhance data and analytics infrastructure, and accelerate international expansion across the United States, Europe, Asia, and South America. Loora also aims to increase its reach within corporations, governments, and educational institutions.

Designed for language acquisition rather than general-purpose use, the platform utilizes a dataset of over 200 million interactions to provide personalized, dialogue-based instruction. The company positions its AI as an affordable alternative to human tutors and reports significant growth in specific markets, such as Argentina, where it has over 260,000 users.

Entities

Union Tech Ventures · Roy Mor · Tel Aviv · Hearst Ventures · Loora Ltd.

Timeline

  1. [BUSINESS] 2 sources
    Loora raises $22 million to expand AI-driven English learning

    AI language learning startup Loora has raised $22 million in Series B funding to expand its personalized English instruction globally and enhance its AI research and development capabilities.

  2. [BUSINESS] 2 sources
    Loora raises $22 million in Series B funding for AI English learning

    Tel Aviv-based AI English learning platform Loora has raised $22 million in Series B funding to expand its global operations and enhance its specialized language acquisition technology.

Sources

ict-enews.net · infoarenales.com · newsonline.com.ar · pulse2.com