/PRNewswire/ Riiid, a leading AI Education solutions company, today announced participation this year at the ASU+GSV Summit to present its most advanced new.
Riiid raises $175 million in new funding from SoftBank Vision Fund 2
Aiming to solidify its technological and industrial leadership in the field of AI for Education with accelerated global delivery of AI-based personalized learning and assessment
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SEOUL, South Korea, May 24, 2021 /PRNewswire/ Riiid Inc ( Riiid ), a leading AI education company and a member of Born2Global Centre, has raised $175 million investment from SoftBank Vision Fund 2 . To accelerate the pace of capturing opportunities in the global education market, SoftBank Vision Fund 2 led the round as the sole investor, which brings Riiid s total funding to $250 million. It is Riiid s largest funding round to date.
Korea’s Riiid raises $175M from SoftBank to expand its AI-based learning platform to global markets
“AI is eating the world of education,” Riiid co-founder and CEO YJ Jang notes in his biographical description on his LinkedIn profile, and today his startup which builds AI-based personalized learning, including test prep, for students is announcing a major funding round to help it position itself as a player in that process.
Seoul-based Riiid has closed a funding round of $175 million, an equity round coming from a single backer, SoftBank’s Vision Fund 2.
The funding is coming at a high-watermark moment for edtech with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity. Riiid plans to use the investment both to expand its footprint internationally, a well as to exp
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