Duolingo Earns $100M in Annual Bookings, Raises $30M from Alphabet
Duolingo’s Premium subscription offering, which launched in 2017, has contributed to a meteoric increase in annual bookings. It continues to invest more and more R&D into AI and machine learning to power its tutoring software and growth. Duolingo raised some serious money from Alphabet bringing the total valuation of the charming Pittsburgh startup, to roughly $9 billion:
Popular language learning app Duolingo has raised $30 million in a series F round of funding from Alphabet’s investment arm CapitalG. […]
Duolingo claims 30 million users are actively learning languages on its platform, and it has emerged as one of the most downloaded educational apps globally. Since its last funding round more than two years ago, it has more than doubled its employees from 95 to 200 and has opened additional offices in Seattle, New York, and Beijing. It also now claims annual bookings of $100 million after it launched its premium plan in 2017, a significant increase from the $33 million it drew in last year.
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