Founded in 2018, this innovative AI company specializes in automating the testing and assessment of spoken English. It offers proprietary tools and platforms designed for educational institutions and the workforce sector. The company currently sees monthly profits through its SaaS subscription model, generating around $150,000 in annual recurring revenue. Historically, the company has raised $3 million, funding extensive R&D and the implementation of its AI infrastructure. The enterprise-grade AI framework is scalable and built on a serverless architecture, catering to educational and corporate environments.
The company's product range includes the Core Assessment API, which evaluates English proficiency in pronunciation, fluency, grammar, vocabulary, and relevance, with options for both scripted and unscripted assessments. OracyAI assists in content creation for schools and universities to enhance speaking and listening skills, while Snapshot AI offers adaptable English proficiency tests for the workforce and tertiary education sectors, evaluating core language skills.
The firm's technological advantage lies in its dual-engine approach for language assessment, focusing on speed and scalability. Proprietary AI models enhance pronunciation evaluation, while open-weight models address fluency, relevance, grammar, and vocabulary, ensuring low-latency responses.
Financially, the company has raised $3 million but did not meet its initial financial goals. Despite this, it remains profitable. The business is for sale as it seeks a strategic buyer or investors with distribution capabilities to scale effectively and profitably, leveraging its strong technological foundation.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More