Cerebry, a Singapore-based artificial intelligence (AI) edtech startup, has announced that it has raised a $1 million seed round led by Vietnam-based venture capital firm Ascend Vietnam Ventures (AVV). The company said in a statement that the funding round also saw 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 their product further by expanding to new domains like science. Cerebry will also broaden its customer base, including new geographies such as Vietnam and Japan.
“We already see an average student solve more than 150 problems monthly on Cerebry outside of the classroom,
“They would not be engaging with subjects like math at home otherwise,” said Shubham Goyal, Co-Founder and Chief Executive Officer, Cerebry.
According to him, this enables the firm to achieve a median score improvement of up to 37 percent with the entire cohort in a school.
“The problem we are solving is worthwhile; I am optimistic that we will reach a future where economic or geographic barriers do not stop a kid from realizing their dream,” he added.
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 individual learning needs in the form of step-by-step problem breakdown, problem-solving, and further practice with instant personalized assistance like hints and feedback.