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Startups expand with fresh funding and portfolios
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Startups expand with fresh funding and portfolios
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02/17/2021 | Press release | Distributed by Public on 02/17/2021 13:35
Globant Invests in English Speaking AI-App ELSA together with Googleâs AI-focused Gradient Ventures, VI Group and SIG, among others
Globant participates in Series B funding round to accelerate ELSA s growth, operations in Latin America
SAN FRANCISCO, February 17, 2021- Globant(NYSE: GLOB), a digitally-native technology services company, today announced it contributed $2.7 million to a Series B $15 million fundraise by ELSA, the world s leading English speaking and pronunciation app built with Artificial Intelligence. ELSA is investing in this AI-driven project to further contribute to improving humankind with AI.
Globant Ventures, the company s venture arm, participated in the round alongside lead investors VI (Vietnam Investments) Group and SIG. Other investors included Google s AI-focused fund Gradient Ventures, SOSV and Monk s Hill Ventures, Endeavor Catalyst and U2 s The Edge (David Evans).
Edtech startup ELSA enhanced development in Indonesia Currently reached 200K users from Indonesia with 30%-50% monthly growth in average
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Edtech services have been increasingly in demand during pandemic, many players have competing hard to present products with their respective targets. This opportunity was also used by the San Francisco-based edtech startup ELSA (English Language Speech Assistant) after securing $15 million in Series B funding led by VI (Vietnam Investments) Group and SIG.
Google-backed app by Vietnamese founder gets US$15mil funding
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