Gradient Ventures, a dedicated venture fund by Google set out to seek worthy Artificial Intelligence (AI) startups worth investing in, has zeroed in on an Asian app Elsa. Gradient Ventures led in the startup’s $7 million Series A round of funding.
This funding becomes the first investment by Gradient Ventures into the Asian market. This funding round included the participation of investors like the Monk’s Hill Ventures and SOSV. In total, Elsa has raised $12 million in total.
The Elsa app was founded back in 2015 by Vu Van – its current CEO – who after moving to the US from Vietnam to study and later work noticed he was finding it hard to get people to understand him. At the time Van moved to the U.S. he was fluent in English and had a good mastery of its grammar, was good at reading and writing the language.
However, he had a problem getting people to understand him quickly when speaking English. That is because Van had a strong accent. He also pronounced the words ‘improperly’ according to many people in the U.S.
Van then decided to become innovative …read more