ELSA honored for achievements in Education

NEW YORK, April 7, 2021 — CB Insights today named ELSA to the fifth annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.

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“This is the fifth year CB Insights has recognized the most promising private artificial intelligence companies with the AI 100, and this is one of the most global groups we’ve ever seen. This year’s cohort spans 18 industries, and is working on everything from climate risk to accelerating drug R&D,” said CB Insights CEO Anand Sanwal. “Last year’s AI 100 companies had a remarkable run after being named to the list, with more than 50% going on to raise additional financing (totaling $5.2B), including 16 $100 million+ mega-rounds. Many also went on to exit via M&A, SPAC or IPO. As industry after industry adopts AI, we expect this year’s class will see similar levels of interest from investors, acquirers and customers.”

Through an evidence-based approach, the CB Insights research team selected the AI 100 from a pool of over 6,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.

“This is such a great milestone to celebrate. I am very proud of the team and all the amazing work we have done together. We are very honored and also excited to continue our mission of helping language learners break boundaries and achieve great things in their lives.” – said Vu Van, CEO and co-founder of ELSA.

With over 13 million users worldwide, ELSA (English Language Speech Assistant) is the world’s best English speaking and pronunciation app. ELSA helps language learners with an easy way to improve their English speaking ability by listening to how they pronounce words, sentences or conversations to pinpoint exact errors and provide real-time, accurate suggestions on their pronunciation mistakes. With the increase of remote work and investment from companies looking to improve the English speaking skills of their staff, ELSA has inked numerous partnerships with corporations and educational institutions worldwide. ELSA is the tool of choice for many private schools, public schools and language learning centers.

Quick facts on the 2021 AI 100:

  • Equity funding and deals: Since 2010, the AI 100 2021 cohort has raised over $11.7B in equity funding across 370+ deals from more than 700 investors.
  • 12 unicorns: Companies with $1B+ valuations on the list span applications as varied as data annotation, cybersecurity, sales & CRM platforms, and enterprise search. 
  • Geographic distribution: 64% of the selected companies are headquartered in the US. Eight of the winners are based in the UK, followed by six each in China and Israel, and five in Canada. Other countries represented in this year’s list include Japan, Denmark, Czech Republic, France, Poland, Germany, and South Korea.

About CB Insights

CB Insights builds software that enables the world’s best companies to discover, understand and make technology decisions with confidence. By marrying data, expert insights and work management tools, clients manage their end-to-end technology making process on CB Insights. To learn more, please visit www.cbinsights.com