Carnegie Speech: $3.4 million in Series B round led by Golden Seeds investment firm, with returning investor group Osage Venture Partners, and New York Angels. Long-time executive Paul Musselman (formerly with Intel Capital, IBM and other ports) is joining as CEO and board member. (Other new board members include Stephanie Newby of Golden Seeds, Nate Lentz of Osage Venture Partners, Al Zollar retired from IBM.) The language learning software, developed at Carnegie Mellon University, is "going to kill Rosetta Stone," cheers BusinessInsider. It certainly isn't free: the software costs $300 for an individual or $2000 for a business or college. More info (and less feistiness) in the press release.
