Madrid-based language writing tool startup, Correcto, has announced a successful seed funding round of $7 million.
The funding was led by Octopus Ventures, with contributions from Carya Venture Partners and River Park Ventures.
Correcto aims to build an auto-editing tool similar to Grammarly, tailored specifically for Spanish speakers.
The company aims to offer augmented intelligence that empowers users to improve their writing skills while preserving their individuality.
The funding will be used to enhance the AI technology and expand coverage to specific dialects of Spanish.
They had benefited fromsimilar tech tools like Grammarlythat helped improve their written English.
However, they were surprised to find a lack of comparable tools for correcting Spanish grammar and syntax.
This motivated them to develop Correcto, along with their technical co-founder, CTO Antonio Triguero Noriega.
It was launched as a Chrome extension to gauge demand and later expanded to include a freemium web app.
To date, Correcto has recorded 120,000 downloads and boasts around 70,000 active users.
These large language models (LLMs) are capable of generating text, including Spanish, on demand.
Some may argue that LLMs render auto-editing tools redundant.
Augmented Intelligence and Personalization
Correcto differentiates itself by offering augmented intelligence rather than artificial intelligence.
They aim to provide a writing tool that enhances productivity while preserving each users unique voice and style.
