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Praktika AI - About the company

Praktika AI is a series A company based in Wilmington (United States), founded in 2022 by Ilya Chernyakov and Adam Turaev. It operates as an AI-based LMS platform for learning english. Praktika AI has raised $38M in funding from investors like Blue Wire Capital, Blossom Capital and Creator Ventures. The company has 121 active competitors, including 17 that are funded. Its top competitors include companies like Lingokids, SpeakBUDDY and Supernova.

Company Details

AI-based LMS platform for learning english. It provides robotic tools for practicing spoken English. It features real-time feedback and adapt the lessons based on user interactions. It also tracks performance of students during language learning.
Email ID
*****@praktika.ai
Key Metrics
Founded Year
2022
Location
Wilmington, United States
Stage
Series A
Total Funding
$38M in 2 rounds
Latest Funding Round
Ranked
Employee Count
2 as on Jul 01, 2024
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Praktika AI's funding and investors

Praktika AI has raised a total funding of $38M over 2 rounds. Its latest funding round was a Series A round on May 22, 2024 for $*****. 2 investors participated in its latest round. Praktika AI has 5 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Praktika AI:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
May 22, 2024
1157662
Series A
4908263
2376507
1280914
3039451
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Praktika AI's founders and board of directors

Founder? Claim Profile
The founders of Praktika AI are Ilya Chernyakov and Adam Turaev. Adam Turaev is the CEO of Praktika AI.
Here are the details of Praktika AI's key team members:

Praktika AI's employee count trend

Praktika AI has 2 employees as of Jul 24. Here is Praktika AI's employee count trend over the years:
Employee count trend for Praktika AI
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Praktika AI's Competitors and alternates

Top competitors of Praktika AI include Lingokids, SpeakBUDDY and Supernova. Here is the list of Top 10 competitors of Praktika AI, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Lingokids
Lingokids
2014, Madrid (Spain), Series D
App-based activity driven English learning platform for kids
$186M
73/100
2nd
Logo for Praktika AI
Praktika AI
2022, Wilmington (United States), Series A
AI-based LMS platform for learning english
$38M
66/100
3rd
Logo for SpeakBUDDY
SpeakBUDDY
2013, Chuo (Japan), Seed
AI-based English language learning solutions
$10.7M
60/100
4th
Logo for Supernova
Supernova
2021, Bengaluru (India), Series A
AI-powered application for personalized English language learning
$4.67M
57/100
5th
Logo for Utter
Utter
2015, Pune (India), Seed
Provider of AI powered chatbots for vernacular based English language learning applications
$2.25M
57/100
6th
Logo for Lingopanda
Lingopanda
2021, Bengaluru (India), Seed
AI-powered English tutoring platform
$264K
56/100
7th
Logo for Toko Tutor
Toko Tutor
2020, California City (United States), Seed
Provider of a conversational AI platform for language learning
$500K
53/100
8th
Logo for Freadom
Freadom
2016, Gurugram (India), Seed
Educational mobile application focusing on kids from nursery to K-5
$2.5M
50/100
9th
Logo for Kaizen Languages
Kaizen Languages
2018, London (United Kingdom), Deadpooled
AI-based platform providing language learning solution
$548K
46/100
10th
Logo for SpeakX
SpeakX
2020, Gurugram (India), Funding Raised
AI powered english learning app for students
-
44/100
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Praktika AI's Investments and acquisitions

Praktika AI has made no investments or acquisitions yet.

News related to Praktika AI

Media has covered Praktika AI for 1 event in last 1 year, It was about company updates.
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