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Israeli AI English App Loora Secures $22 Million Series B Funding
Summarized from Ynetnews by baba
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Israeli AI startup Loora has raised $22 million in Series B funding for its English-learning app, bringing its total funding to $43 million. The company plans to use the capital to expand R&D and international growth, leveraging conversational AI and user data.
The story in 5 lines · by baba
- Loora, an Israeli AI English-learning app, raised $22 million in Series B funding.
- The company plans to use the funds for R&D and international expansion.
- Loora features an AI tutor for conversational practice and has over 15 million users.
- Revenue has more than doubled in the past year, with expansion into the enterprise market.
- The startup was founded by former IDF elite unit members who met in the military.
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