Seoul-primarily based fully training technology startup Mathpresso launched at the present time that it has raised $14.5 million in Assortment B funding. The company’s flagship app is Qanda, which gives college students with math and science support and tutoring. People within the round consist of Legend Capital, InterVest, NP Investments and Mirae Asset Mission Investment.
This brings Mathpresso’s complete funding to date to $21.2 million. Its old round of funding become as soon as a $5.3 million Assortment A launched at the discontinue of closing year.
Mathpresso says Qanda (the name stands for “Q and A”) is at this time utilized by a third of faculty students in South Korea. The app launched in markets at the side of Japan, Vietnam, Indonesia and Singapore closing year and now has customers in bigger than 50 worldwide locations. Qanda uses AI-primarily based fully optical persona recognition to scan math concerns. Students consume a describe of an argument and upload it to win instructions for how to clear up it from the app or tutors.
In a assertion, Legend Capital managing director Joon Sung Park mentioned, “As an early investor of China’s main mobile training companies such as Zuoyebang and Onion Math, Legend Capital has witnessed sturdy development of China’s mobile training market. We strongly judge that Mathpresso has the technological and operation capabilities to amplify in a out of the country nation and take away unusual alternatives emerging from the digitization of training, such as offering personalized studying for every scholar.”