EdTech Startup MyBuddy.ai Raised a Seed Round From LETA Capital to Provide Children With Affordable English as a Foreign Language Tutoring at Home
Summary
SAN FRANCISCO--(BUSINESS WIRE)--MyBuddy.ai, a virtual spoken English tutor for children, raised a $1 million seed investment from LETA Capital to meet sharp growth in demand for online education. MyBuddy.ai introduces a new way of how the generation of "digital natives" learns spoken English by offering them a virtual tutor in the form of a cartoon character — Buddy, the robot — powered by voice AI. Buddys next addition will be a free mini-course about health that teaches kids spoken English while at the same time providing essential knowledge about how to stay healthy and prevent diseases. But we prefer to invest in companies that are making the impossible possible and disrupting the global education industry by offering innovative approaches that appeal to the young digital generation. With its engaging virtual character, speech technology, and adaptive learning, Buddy is making speaking practice affordable for 500 million children around the globe by automating the mundane 80% of tutoring work at 2% of the cost.