ByteLearn, a Noida, India-based AI-powered teaching assistant for students and teachers, raised a $9.5 million seed funding round 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 (Traxcn), 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.
ByteLearn will use the funds for product development, global expansion, and enhancing its technological capabilities.
Company: ByteLearn Inc
Raised: $9.5M
Round: Seed Round
Funding Month: December 2021
Lead Investors: 9Unicorns, Chiratae Ventures, and Leo Capital
Additional Investors: Venture Catalysts, Goodwater Capital, Earlsfield Capital, Kettleborough VC, PitchRight Ventures, AdvantEdge VC, Srini Rai, Anand Chandrasekaran, Arun Tadanki, Vikas Choudhury, Ravi Bhushan, Giri Malpani, Abhishek Goyal, Ramakant Sharma, Ravi Garikipati, Saurabh Saxena, Venkatesh SarvaSiddhi, Tej Kapoor, Alok Mittal, Ashish Sharma, and Abhishek Agarwal
Company Website: https://www.bytelearn.ai/BYTELEARN INC
Software Category: AI-powered teaching assistant
About the Company: 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. ByteLearn also conserves a teacher’s time by up to 40 percent by assisting them in creating tests, quizzes, and homework on its platform.
Source: https://yourstory.com/2021/12/edtech-startup-bytelearn-seed-round-funding/amp