Edsoma, a Weatherford, Texas-based startup that developed an AI-powered reading, education, and communication platform for children, has raised $2.5 million in seed funding.
SaaS Investors
The round was led by Shaquille O’Neal, an NBA legend and philanthropist, with participation from over a dozen individual investors, including family and friends of Wallgren.
Edsoma Use of Funds
The additional capital will allow the company to develop its AI-powered platform further, expanding its content library and enhancing its capabilities. Edsoma plans to invest in cutting-edge AI technologies, ensuring its platform remains at the forefront of educational innovation. It also intends to partner with schools, educators, and parents to achieve widespread adoption of its platform.
About Edsoma
Founded by Kyle Wallgren, Edsoma is a patent-pending Artificial Intelligence (AI) software that assists little readers with the proper pronunciation of words when they get stuck while reading a book inside the app. Edsoma offers children a digital library of age-appropriate content, including books, articles, and interactive exercises. The platform uses AI to adapt to each child's learning pace and preferences, offering tailored recommendations and personalized challenges. It also facilitates communication between children, teachers, and parents, promoting collaboration and engagement.
Edsoma is available on both the Google Play store and Apple App Store, offering a free version with limited features and a premium version priced at $9.99 per month or $99.99 per year. The premium version provides unlimited books, group video calling, and peer reading sessions and allows for multiple users.
Funding Details
Company: Edsoma Inc.
Raised: $2.5M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Shaquille O’Neal
Additional Investors:
Company Website: https://www.edsoma.com/
Software Category: AI-powered Reading, Education, and Communication Platform
Source: https://www.edtechreview.in/news/ai-powered-education-platform-edsoma-raises-2-5m-from-shaquille-oneal/