• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • COMEUP
    • NextRise
    • Try Everything
  • Governments
    • Gyeonggido Business & Science Accelerator
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • SGSC Global Bootcamp
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Business Agencies
    • Accounting Firms
    • Ads & Marketing
    • Law Firms
  • Lists
  • Submit an Article
  • Profile
    • My Articles
    • Create your Startup Profile
    • My companies
    • My Saved Deals
    • Logout
KoreaTechDesk
No Result
View All Result
KoreaTechDesk | Korean Startup and Technology News
No Result
View All Result
Home Education

Riiid raises its largest funding of $175 million from SoftBank Vision Fund 2

KoreaTechDesk Writer by KoreaTechDesk Writer
May 25, 2021
in Education
2
Riiid gets funding from SoftBank Vision Fund 2.

Riiid runs successful edtech app.

0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Edtech startup Riiid Inc (Riiid) has raised $175 million investment from SoftBank Vision Fund 2. To accelerate the pace of capturing opportunities in the global education market, SoftBank Vision Fund 2 led the round as the sole investor, bringing Riiid’s total funding to $250 million. It is Riiid’s largest funding round to date. 

“Riiid wants to transform education with AI and achieve a true democratization of educational opportunities,” said Riiid CEO YJ Jang. “This investment is only the beginning of our journey in creating a new industry ecosystem, and we will carry out this mission with global partnerships,” he added. 

Over the past year, Riiid Labs, the global arm of Riiid, has expanded the company’s market across the US, South America, Middle East, and Asia with partners such as Kaplan, ConnecME, Grupo INICIE, and Casa Grande; combining Riiid’s AI technology and the content provided by those companies to create personalized learning services. 

Aiming to solidify its technological & industrial leadership in the field of AI for Education

Riiid will use the new funding to strengthen its AI technology further and extend its global technology lead in AI for education. Riiid is establishing R&D centers and data labeling centers in the U.S., Canada, and Ghana to attract global talent and build out its technical infrastructure.

Riiid continues to attract top global talent in education, including Marten Roorda, the former CEO of testing non-profit organization ACT, and Jim Larimore, who brings two decades of education leadership experience at the Bill & Melinda Gates Foundation, Dartmouth College, Swarthmore College, NYU Abu Dhabi, and Stanford University.   

“Riiiid is driving a paradigm shift in education, from a ‘one size fits all’ approach to personalized instruction. Powered by AI and machine learning, Riiid’s platform provides education companies, schools, and students with personalized plans and tools to optimize learning potential,” said Greg Moon, Managing Partner at SoftBank Investment Advisers. “We are delighted to partner with YJ and the Riiid team to support their ambition of democratizing quality education around the world.”

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: AI in EducationEdtech startupRiiidSoftBank Vision Fund 2SoftBank Vision Fund 2 l
Previous Post

Neosapience & HYBE EDU collaboration makes learning Korean exciting with BTS

Next Post

COMEUP 2021: “Meet the Future – Transformation” rolls out the 2021 Organizing Committee

Next Post
COMEUP 2021 inaugurated Organizing Committee.

COMEUP 2021: "Meet the Future – Transformation" rolls out the 2021 Organizing Committee

Please login to join discussion
No Result
View All Result

Popular Posts

  • Unveiling Korean Startups’ Innovation and Investment Potential: Join Us at KOSME-beSUCCESS Showcase in USA!

    0 shares
    Share 0 Tweet 0
  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Unlocking Investment Opportunities: KOSME-beSUCCESS’ Korean Startups Showcase in Riyadh Invites Investors 

    0 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Hills Robotics, Distribution Robot Developer, Signs MoU with Indonesian Robot Company ‘Sari Teknologi’  

    0 shares
    Share 0 Tweet 0
  • Unlocking Investment Opportunities: Explore Innovative Korean Startups at KOSME-beSUCCESS Showcase in Singapore

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Pangyo Techno Valley: A Thriving Startup Hub in Korea

    0 shares
    Share 0 Tweet 0
  • Korean AI Startup Deeping Source Makes Strides in North American Market Expansion

    0 shares
    Share 0 Tweet 0
  • Korean app. Liner ‘highlights’ content globally

    0 shares
    Share 0 Tweet 0
banner-sidebar




PRODUCTS

TESSAN Germany France Travel Power Adapter

Lonely Planet Korea 12

Korean Snack Box Variety Pack

OSULLOC Lovely Tea Gift Box Set

Topics

  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

FREE NEWSLETTER

Follow Us

Copyright © 2023 KoreaTechDesk | About Us | Our Services| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • COMEUP
    • NextRise
    • Try Everything
  • Governments
    • Gyeonggido Business & Science Accelerator
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Business Agencies
    • Accounting Firms
    • Ads & Marketing
    • Law Firms
  • Lists
  • Submit an Article
  • Profile
  • My Articles
  • Create your Startup Profile
  • My companies
  • My Saved Deals
  • Logout

Copyright © 2023 KoreaTechDesk | About Us | Our Services| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.