Data science and machine learning edtech startup Jovian bags $1.5 mn in its seed round funding
- ByStartupStory | May 25, 2022
Jovian, an edtech firm focused on data science and machine learning, has secured $1.5 million in venture investment. Multiply Ventures led the round, with Y Combinator, Better Capital, and prominent angel investors including Kunal Shah, (Founder, CRED), Phanindra Sama, (Co-founder, redBus), Aprameya Radhakrishna, (Co-founder, Koo), Christian Oestlien, (Director, YouTube Product Management), Anand Madhavan, (VP of Engineering, EverLaw), Aakrit Vaish, (Co-founder and CEO, Hap (Co-founder, Ola & Amnic).
The additional funding will be utilised to increase their staff of data science specialists, which will help them improve their curriculum and give mentorship to their increasing student body. The firm also intends to expand its technical workforce and engage its data science community through courses, contests, and other activities.
Jovian’s flagship Data Science and Machine Learning Bootcamp, founded in 2019 by Aakash N S and Siddhant Ujjain, assists working professionals in programming or analytics in making the shift to data science. The firm also features a fast-growing community of 200,000+ members from 180+ countries, as well as various free beginner-friendly courses. In 2019, Arka Ventures led a $450,000 round, including participation from Better Capital, SenseAI Ventures, and Axilor Ventures.
Aakash N S, the cofounder and CEO of Jovian said that around the world, there is a significant and rising need for data science skills, and university programmes have struggled to keep up. Many people, on the other hand, already possess the majority of the abilities needed to become a data scientist, including programming, arithmetic, and analytical thinking. To assist bridge this gap, we’ve created a six-month, part-time, job-oriented data science training programme for working professionals.
Raveen Sastry, the founder of Multiply Ventures said that globally, there is a severe scarcity of data science skills, which is growing every two years. As automation alters the work environment over the next five years, today’s engineers, researchers, and marketers will become tomorrow’s data scientists. Jovian also solves this by upskilling industry people to become data science specialists, bridging the vast gap.
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