Mathpresso, a Seoul, South Korea-based edtech company, raised an $8M investment from Korean telecom company KT.
This brought the total funding to approx. $130M. Previous backers in Mathpresso included Google, GGV Capital, Goodwater Capital, and SoftBank Ventures Asia.
The company intends to use the funds to accelerate the development of an education-specific large language model, leveraging its proprietary AI technology and data along with KT’s infrastructure prowess.
Founded in 2025 by Ray Lee and Jake Lee, Mathpresso is an edtech company that operates QANDA, an AI-powered learning app that offers personalized learning content. Utilizing advanced optical character recognition (OCR) technology, the app recognizes text and mathematical equations from photos and offers in-depth solutions and personalized learning content. Today, it is used by over 10 million users monthly and has achieved a top-seat position in over 20 countries.
Now, the company intends to incorporate the LLM model to enhance its AI tutor and its existing services, which include QANDA App, 1:N online school (QANDA Study), 1:1 online tutoring (QANDA Tutor), ensuring a more personalized educational experience for students.
FinSMEs
11/09/2023