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TechnologyEXCLUSIVE Korean AI tutor Riiid raises $175 million from SoftBank, heads to public schools Jane Lee 3 minute read Logo of South Korean AI education technology startup Riiid is displayed in the hallway of the company s headquarters in Seoul, South Korea in this undated February 2021 handout photo. Riiid/Handout via REUTERS Riiid Inc, a South Korean AI tutorial startup, on Monday said it raised $175 million from SoftBank Group Corp’s (9984.T) Vision Fund 2 as it looks to shake up the world of standardized testing, and take its technology to public schools. Venture capital s funding of education tech surged with the pandemic to $16.1 billion globally in 2020, up from $7 billion in 2019, according to research firm HolonIQ. The bulk of this funding has been for services consumers have to pay for such as Chinese online tutorial service Zuoyebang, which raised over $1.6 billion late last year.

Soult ukpyolsiSouth koreaUnited statesSouth koreanPhilip cutlerMichael lombardoIt vision fundThomson reuters trust principlesRiiid incSoftbank group corpVision fundThomson reuters trustதெற்கு கொரியாஒன்றுபட்டது மாநிலங்களில்தெற்கு கொரியன்பிலிப் கட்லர்