ByteLearn, an AI-powered teaching assistant for students and teachers, has raised a $9.5 million seed funding round led by 9Unicorns, Chiratae Ventures, and Leo Capital. The startup plans to use the funds for product development, global expansion and enhancing technological capabilities. The startup also plans to ramp up its team in the US as well as India.
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.
Founded in June 2021 by serial entrepreneurs Aditya Singhal and Nishant Sinha, ByteLearn is an AI-powered teaching assistant that helps students with math’s 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.
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ByteLearn 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.
“The fundraise will enable us to build deeper AI capabilities, enhance our product, strengthen our teams across India and US and also expand our outreach to multiple geographies,” said Aditya Singhal, Co-founder of ByteLearn.
The founders of ByteLearn have been associated with the edtech space for over 15 years. The founding team of the startup also includes AI/ML PhDs such as Dr Ankur Narang (IIT Delhi) and Dr Hari Sankar (IIT Madras).
“We are reinventing the way maths is taught by the teachers and learned by students, by making it fun, interactive, and customised, as per students’ level of understanding,” said Nishant Sinha, Co-founder of ByteLearn.
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