Cerebry, a Singapore-based artificial intelligence (AI) edtech startup, raised $1 million in seed funding.
The round was led by Vietnam-based venture capital firm Ascend Vietnam Ventures (AVV), with participation from Pentathlon Ventures and strategic investors.
With the funding, Cerebry plans to continue expanding its AI-powered practice platform to offer adaptive learning to millions of K-12 students in Asia Pacific (APAC).
The firm plans to develop its product further by expanding to new domains like science. Cerebry will also broaden its customer base, including new geographies such as Vietnam and Japan.
Cerebry is an AI-based solution for practice, assessment, and remediation for K-12 and beyond. The firm works with educators, publishers, and other edtech companies to replace static educational content with dynamically auto-generating adaptive exercises for students.
With the help of its AI engine, students now can learn and practice with problem sets that cater to their learning needs in the form of step-by-step problem breakdown, problem-solving, and further practice with instant personalized assistance like hints and feedback.
Company: Cerebry Pte. Ltd.
Raised: $1.0M
Round: Seed Round
Funding Month: August 2023
Lead Investors: Ascend Vietnam Ventures (AVV)
Additional Investors: Pentathlon Ventures
Company Website: https://www.cerebry.co/
Software Category: AI-driven Adaptive Practice Platform
About the Company: Cerebry is an AI tutor that empowers schools, publishers, and edtechs to provide remediation, reinforcement, and adaptive assessments. The company has clients ranging from governments in Southeast Asia (SEA) and the Middle East and North Africa (MENA), publishers like Marshall Cavendish, and several edtech companies in India like IMS Learning (India’s largest CAT prep center chain) and Jamboree (India’s largest GMAT prep center chain).
Source: https://technode.global/2023/08/02/singapores-cerebry-raises-1m-in-seed-funding-led-by-ascend-vietnam-ventures/