ByteLearn, an AI-powered teaching assistant for students and teachers, has raised $9.5 million or Rs 72 crore in a Seed funding round led by 9Unicorns, Chiratae Ventures, and Leo Capital.
The round also saw participation from Venture Catalysts, Goodwater Capital, Earlsfield Capital, Kettleborough VC, PitchRight Ventures, and AdvantEdge VC.
Angel investors, including 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, also participated in the round.
Founded in June 2021 by serial entrepreneurs Aditya Singhal and Nishant Sinha, ByteLearn offers an AI-powered teaching assistant that helps students with maths problems, evaluates performance, grades tests, and enables them to learn any topic via its AI-powered tutoring engine.
ByteLearn will utilize the raised capital on building deeper AI capabilities, enhancing its product, strengthening the teams across India and US, as well as expanding outreach to multiple geographies, the statement said.
Additionally, Their 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. It also conserves a teacher’s time by up to 40% by assisting them in creating tests, quizzes, and homework on its platform, it said.
Apart from this, The founding team of the startup includes AI/ML PhDs such as Dr. Ankur Narang (IIT Delhi) and Dr. Hari Sankar (IIT Madras). Their design, product, and curriculum team in Silicon Valley include US-based edtech experts such as Kitt Hirasaki (Harvard alum, ex-Khan Academy) and Charuta Joshi (ex-Teach for America).
“We are reinventing the way maths is taught by the teachers and learned by students, by making it fun, interactive, and customized, as per students’ level of understanding,” said Nishant Sinha, Co-founder of ByteLearn.
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