The 1st Unicorn in AI Language Learning , ARR nearing $50M
Loveble ARR at $1M in 8 days
3 startups I tracked today have a big milestone in their ARR: Snyk, Loveable, and Speak. What impressed me is:
Snyk is growing at 50% under a $100M scale;
Loveable achieved that goal in just 8 days, which reminds me of another 2 AI coding Cursor and Bolt.new, both have a fast growth rate. Cursor grow from $4M ARR in April to $50M in November; Bolt.new’s ARR grows from 0 to $4M in just 4 weeks.
Speak is the first AI language Unicorn, and has an impressive ARR of $50M.
Snyk ARR hits $300M
Snyk is a developer-oriented cybersecurity platform designed to help developers find and fix vulnerabilities in their code, open-source dependencies, containers, and cloud infrastructure.
Founded in 2015, Snyk integrates seamlessly into existing development workflows, offering both Static Application Security Testing (SAST) and Dynamic Application Security Testing (DAST) solutions. It is a cloud-native tool that prioritizes security issues, making it easier for development and security teams to collaborate effectively.
Snyk announced that it had surpassed $300 million in annual recurring revenue (ARR), marking a substantial growth milestone for the company. This achievement reflects a 50% increase in revenue from the previous year, where it reported $220 million in ARR while also reducing its losses by 33% to $176 million.
CEO Peter McKay emphasized that this growth demonstrates the sustainability of Snyk's developer security vision and its long-term viability for customers and stakeholders.
Lovable ARR at $1M in just 8 days
Lovable is an innovative platform that allows users to transform their ideas into fully functional applications with beautiful aesthetics, significantly speeding up the development process.
By simply describing your idea, Lovable's AI acts as a full-stack engineer, enabling you to create applications 20 times faster than traditional coding methods. This tool is designed to unlock human creativity and streamline app creation, making it accessible for users without extensive coding knowledge.
Since their public launch 2 weeks ago, they’ve grown to over 3,000 paying customers and $1M ARR. They’ve raised a $7.5 Million pre-seed round led by Hummingbird and ByFounders.
Speak ARR nearing $50M, growth with 100% yoy
Speak is a language learning application that focuses on improving speaking abilities through advanced AI technology.
It offers immersive speaking practice sessions that simulate real-life conversations, providing instant feedback on pronunciation, intonation, and fluency.
It is the #1 English app in its first market, South Korea, with strong momentum in Japan and Taiwan. Speak is fast approaching $50M of ARR with growth rates north of 100% Year-over-Year.
How Speak Becomes the First Unicorn in AI Language Learning
Today, Speak announced they are Raising $78M Series C at a $1B valuation. Accel led the round with OpenAI Startup Fund, Khosla Ventures, and Y Combinator among others.
This marks their second preempted raise this year, with a valuation doubling in the six months since their last round. They’ve now raised $162 million to date.
Speak outlined its mission: addressing the fundamental challenge of language learning—helping users confidently speak aloud in their target language.