LOS ANGELES, May 2, 2024
/PRNewswire/ -- Mathpresso, creator of Asia's leading learning app, QANDA, today
announced that it has been recognized by TIME's World's Top EdTech
Companies in 2024. Presented by TIME and Statista Inc., this
accolades acknowledges companies that exhibit financial strength
and significant industry impact.
"We are honored that TIME has recognized QANDA for its
commitment to transforming learning journeys through AI," said
Jake Yongjae Lee, CEO of Mathpresso.
"This achievement underscores the impact of our work and dedication
in delivering personalized education around the globe."
This inaugural list was developed by TIME magazine in
collaboration with the global market research firm Statista,
selecting the most innovative and financially robust companies in
the edtech sector. From an initial pool of 7,000 companies, only
the top 250 with the highest scores were selected.
QANDA, Mathpresso's flagship app, stands as the largest
AI-powered learning platform in Asia. It integrates OCR and LLM technologies
to offer comprehensive solutions and study guides. This strategic
approach has created a self-enforcing data flywheel, now boasting
over 90 million registered users and processing between 4 and 8
million inquiries daily. 90% of its users are from outside Korea,
with significant user bases in Japan, Vietnam, Indonesia, and Thailand. To date, Mathpresso has secured
$130 million in funding from
investors including Google, ByteDance, Samsung Ventures, SBVA,
Goodwater, and GGV Capital.
In March, Mathpresso launched Cramify, its first product aimed
at the U.S. market, previously known as Prep.Pie. This generative
AI-powered study tool is designed to enhance exam preparation for
college students in the U.S. Integrating QANDA's core technology,
Cramify offers a highly personalized learning experience to boost
study efficiency. Currently available by subscription at
USC and UCLA, Cramify is set for expansion to other West
Coast universities in the first half of the year and a nationwide
rollout by year's end.
Mathpresso is also a developer of MathGPT, a math-specific large
language model that broke the world record in various mathematical
benchmarks last December.
To learn more about Mathpresso, visit
https://mathpresso.com/en.
About QANDA(Mathpresso)
Seoul-based edtech startup
Mathpresso(QANDA) operates the AI-powered learning platform, QANDA.
The app has gained 10 million monthly active users globally
including South Korea,
Japan, Thailand, Indonesia and Vietnam. Leveraging QANDA's vast database and
traffic, Mathpresso plans to integrate its LLM-based AI tutor into
its vertical services, including QANDA Tutor for tablet-based
individual tutoring, and QANDA B2B & B2G SaaS, ensuring a
deeply personalized educational experience for all students. Since
2015, Mathpresso has secured investments from Google, ByteDance,
SBVA, and Samsung Venture Investment.
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SOURCE Mathpresso