Photomath, a San Mateo, CA-based provider of a math learning app with over 220 million downloads, secured $23m in Series B funding.
The round was led by Menlo Ventures, with participation from GSV Ventures, Learn Capital, Cherubic Ventures and Goodwater Capital.
The company intends to use the funds to grow the headcount, invest in AI and machine learning capabilities, and scale product and marketing development.
Led by Damir Sabol, CEO and founder, Photomath is free and acts as a digital math tutor for students and parents struggling with math homework. By scanning a handwritten or printed math problem from a smartphone, Photomath uses computer vision and machine learning to recognize and instantly solve basic arithmetic to advanced calculus. Photomath provides step-by-step instructions to guide students to understand and master math concepts. It is complementary to teacher instruction and remote learning and is used by millions of teachers as a tool to enhance the learning experience.
Photomath Plus, its premium version, includes features like animated tutorials and dynamic illustrations.