AI based teaching assistant startup ByteLearn raises $9.5 million in seed round
- ByTejika Bajaj | December 18, 2021
The AI power teaching assistant ByteLearn has recently announced that it raised a consolidated sum of $9.5 million through its seed round of funding led by 9Unicorns, Chiratae Ventures, and Leo Capital.
The round saw participation from Venture Catalysts, Goodwater Capital, Earlsfield Capital, Kettleborough VC, PitchRight Ventures, AdvantEdge VC alongside investors like Srini Rai (Growthstory), Anand Chandrasekaran (Facebook, Five9), Arun Tadanki (ex-Yahoo), Vikas Choudhury (Jio), Ravi Bhushan (BrightChamps), Giri Malpani (Malpani family), Abhishek Goyal (Tracxn), Ramakant Sharma (Livpsace), Ravi Garikipati (Ex Flipkart), Saurabh Saxena (Uable), Venkatesh SarvaSiddhi (Springer Nature), Tej Kapoor (Fosun), Alok Mittal (Ex. Canaan Partners), Ashish Sharma (Innoven), Abhishek Agarwal (Facebook) among others.
As per the statements given by the startup, the recent round of capital infusion would enable the company to build deeper AI capabilities, enhance its product, strengthen the pre-existing team across India and US as well as expand its outreach to multiple localities across the globe.
Founded by serial entrepreneurs Aditya Singhal and Nishant Sinha, ByteLearn is an AI-powered teaching assistant that helps students with maths problems, evaluates performance, grades tests, and enables them to learn any topic via its AI-powered tutoring engine. Additionally, the assistant builds a knowledge graph of students’ skills and analyses the gaps to assign grade or difficulty levels, providing actionable insights for the teachers to leverage. The ed-tech startup also conserves a teacher’s time by up to 40 percent by assisting them in creating tests, quizzes, and homework on its platform, the company said in a statement.
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