2024 GSV 150: Babbel Listed as Top Digital Learning Innovator
GSV named Babbel amongst the world’s 150 most transformational companies in digital learning
Babbel Leads in the Adult Consumer Learning Category, Highlighting Innovation in AI-Driven Language Education
Babbel, the global top-selling language learning platform, has once again been recognized for its pioneering role in digital education, winning a spot in the 2024 GSV 150. This prestigious list, compiled by Global Silicon Valley (GSV), acknowledges the top 150 growth companies driving transformation in digital learning and workforce skills.
This year's selection focused on companies leveraging AI to redefine educational paradigms, with Babbel emerging as a front-runner in the Adult Consumer Learning category. Amidst the backdrop of generative AI's surge, Babbel has taken a focused approach to harness AI for language education, unveiling two new speech-based technologies: ‘AI-Enhanced Speech Recognition’ and 'Everyday Conversations', set to redefine how learners build confidence and proficiency in real-life conversations.
Chosen from over 2,000 venture capital and private equity-backed companies globally, the GSV 150 represents the leaders in digital learning. With an estimated reach of three billion people and generating around $23 billion in revenue, the GSV 150 companies are at the forefront of shaping the future of education. This year, the focus was on companies that are pushing the boundaries of innovation to provide significant Return on Education (RoE) across various demographics. Babbel's inclusion in the list showcases its successful model, which has experienced rapid growth and expansion. By continuously leveraging AI, Babbel is breaking new ground in language education, catering to the diverse needs of adult learners.
"GSV's recognition is a big vote of confidence and a reminder of our role at the cutting edge of educational technology, where innovation truly sets us apart" says Julie Hansen, U.S. CEO and CRO of Babbel. "Our focus with AI integration is on meeting the evolving needs of our learners and preparing them for real-world conversations — a commitment that lies at the heart of everything we do. This accolade boosts our excitement for what lies ahead, as we continue to refine Babbel's learning experience, catering to and supporting the diverse paths of our learners worldwide."
"The world is adapting to seismic shifts from generative AI," says Luben Pampoulov, Partner at GSV Ventures. "AI co-pilots, AI tutors, AI content generators—AI is ubiquitous, and differentiation is increasingly critical. This is an impressive group of EdTech companies that are leveraging AI and driving positive outcomes for learners and society."
About GSV: The ASU+GSV Summit is the premier global event focused on technology innovation in education and skills. We believe that ALL people deserve equal access to the future. Started in 2010 with a collaboration between Arizona State University (ASU) and Global Silicon Valley (GSV), the annual Summit connects leading minds focused on transforming society and business around learning and work. Educators, investors, industry leaders, and entrepreneurs from around the world come together to innovate the future of education for all. Hosted in San Diego, over 5,300 people attended in April 2022. Speakers from previous years include President Barack Obama, President George W. Bush, Former Secretary of State Condoleezza Rice, John Legend, Common, Marian Wright Edelman, Bill Gates, Sandra Day O'Connor, Reed Hastings, President Vicente Fox, Malcolm Gladwell, Gloria Steinem, Tony Blair, and Howard Schultz.
About Babbel
Babbel develops and operates an ecosystem of interconnected online language learning experiences and is driven by the purpose of creating mutual understanding through language. This means building products that help people connect and communicate across cultures. The Babbel App, Babbel Live, Babbel Podcasts and Babbel for Business products focus on using a new language in the real world, in real situations, with real people. And it works: Studies by linguists from institutions such as Michigan State University, Yale University and the City University of New York demonstrated the efficacy of Babbel’s language learning methods.
The key is a blend of humanity and technology. Babbel offers more than 60,000 lessons across 15 languages, hand-crafted by nearly 200 didactics experts, with user behaviors continuously analysed to shape and tweak the learner experience. This results in constantly adapting, interactive content with live classes, games, podcasts and videos that make understanding a new language easy, from Spanish to Indonesian.
Because Babbel is for everyone, its team is as diverse as its content. From its headquarters in Berlin and its U.S. office in New York, 1000 people from more than 80 nationalities represent the backgrounds, characteristics and perspectives that make all humans unique. Babbel sold over 15 million subscriptions by creating a true connection with users.
More information: www.babbel.com
