South Korean edtech startup Mathpresso provides Google as an investor – TechCrunch

Mathpresso, the Seoul-based edtech firm behind QANDA, an AI-based studying app for Ok-12 college students, introduced right now it has added Google as a brand new investor.

Google’s undisclosed funding isn’t a part of its Collection C raised in June, the corporate stated with out offering its valuation.

The extra funding occasion comes 5 months after its $50 million Collection C, which introduced its complete funding to $105 million as of June. The corporate’s earlier backers embrace SoftBank Enterprise Asia, MiraeAsset Enterprise Funding, Smilegate Funding, Samsung Enterprise Funding Company and Legend Capital.

Mathpresso expects to create synergies with Google by way of its international market enlargement and technological development.

Greater than 85% of QANDA’s customers are outdoors of Korea, in Japan and Southeast Asia. The Seoul-headquartered startup has workplaces in Tokyo, Hanoi, Jakarta and Bangkok and gives seven languages: English, Spanish, Korean, Japanese, Thai, Vietnamese and Indonesian.

Mathpresso was based in 2015 by co-CEO Ray Lee and Jake Lee, who developed QANDA as a 1:1 Q&A service platform. In 2016, Mathpresso launched QANDA, which offers detailed math options and customized studying content material catered to every person’s stage. QANDA’s AI-based optical character recognition (OCR) expertise, added in 2017, acknowledges textual content and mathematical formulation in a photograph and allows customers to seek for solutions in seconds.

Roughly 10 million photographs are uploaded day by day on QANDA platform, the assertion stated. The corporate claims that the QANDA app has amassed over 45 million registered customers and three billion training information factors, with over 12 million month-to-month lively customers in 50 international locations.

Mathpresso added new options on QANDA earlier this 12 months, together with the premium subscription mannequin that gives limitless “byte-sized” micro-video lectures and the group characteristic that enhances collaborative studying like a web-based research group.

“The funding by Google opens up thrilling alternatives for Mathpresso and enhances our potential to serve college students world wide,” stated Chief Monetary Officer Soo Nahm. “Along with the latest Collection C funding, this funding will assist us speed up our international market enlargement in addition to our technological development.”

QANDA is offered on Android, iOS and Net.