Ponddy Education Inc., a San Jose, CA-based personalized language learning company, secured $6m in Series A funding.
The round was led by the Chenco Holding Company LLC with participation from Osnaburge Ventures LLC and MIC Ponddy AR Fund LP.
Led by Franz Chen, Founder & CEO, Ponddy Education provides artificial intelligence-based language learning products and services individually personalized for various age groups and professions across the globe. The company, launched in 2015, has used Big Data Analytics and natural language processing to analyze a corpus of over 600 million words and to develop the Affinity Knowledge Learning System.
Their patent pending AI technology can curate any content into interactive learning modules that are interconnected with networks of highly relevant words, characters and radicals.
Ponddy intends to use the funds to continue to bring a new level of applying Artificial Intelligence (AI) to language acquisition, initially focusing on Chinese, to market.