The Loora Team (LOORA)
Memphis.dev, an Israeli startup that offers event streaming services, raised $5.58 million in Seed funding co-led by Angular Ventures and boldstart ventures. At the same time, the company introduced its new Memphis Cloudo to enable a “full serverless experience” for massive scale event streaming and processing. Meanwhile, Loora, an Israeli startup offering generative AI English language learning, raised $9.25 million in seed funding from Emerge, with participation from Two Lanterns Venture Partners and Kaedan Capital.
Founded in 2020 by CEO Roy Mor and CTO Yonti Levin, Loora says it is the first-ever personal AI English tutor. Loora is here to make language learning “easy, affordable, and always available for everyone by providing you with your own personal AI English tutor. An AI tutor that is always available to talk about whatever you want, give you immediate feedback on your English skills, and guide you on your journey to fluency.’
“English is the lingua franca of today’s globalized world, and without mastery of the language, professional success can be an uphill battle,” said Roy Mor, CEO and Co-Founder of Loora. “Yet, most people still lack access to affordable and impactful English learning solutions. While generative AI has immense potential to help people practice their language skills, not all AI is created equal. Our conversational AI was created and optimized specifically to enable people to access more opportunities by equipping them with the English skills they need to thrive. We’re thrilled to have the support of investors who recognize the importance and far-reaching impact of our technology, and we look forward to continuing to deliver the future of English language learning.”
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Founded in 2022 by CEO Yaniv Ben Hemo, CPO Avraham Neeman and CDO Sveta Gimpelson, Memphis.dev is a next-generation alternative to traditional message brokers. The company boasts that it offers a “simple, robust, and durable cloud-native message broker wrapped with an entire ecosystem that enables cost-effective, fast, and reliable development of modern queue-based use cases.” Memphis says they enable the building of modern queue-based applications that require large volumes of streamed and enriched data, modern protocols, zero ops, rapid development, extreme cost reduction, and a significantly lower amount of dev time for data-oriented developers and data engineers.
“The world is asynchronous and built out of events,” said Yaniv Ben Hemo, co-founder and CEO, Memphis. “Message brokers are the engine behind their flow in the modern software architecture, and when we looked at the bigger picture and the role message brokers play, we immediately understood that the modern message broker should be much more intelligent and by far with much less friction. With that insight, we built Memphis.dev which takes five minutes on average for a user to get to production and start building queue-based applications and distributed streaming pipelines.”
