- Preply said it bagged $70 million in fresh funding from Horizon Capital, a Ukraine-focused venture fund, Reach Capital and Hoxton Ventures.
- The company plans to use the funds to assist its rapid expansion into AI, having launched new teaching assistants to enhance language learning.
- It comes as tech investors have been racing to jump into AI, with many companies in the space raising seismic sums at sky-high valuations.
