Cerebry, a Singapore-based artificial intelligence (AI) educational technology company, has announced that it has raised $1 million in a seed round led by Vietnam-based venture capital firm Ascend Vietnam Ventures (AVV). The funding round also witnessed participation from Pentathlon Ventures and strategic investors.
Co-founded by Shubham Goyal, Rahul Singhal and Rohit Singhal, Cerebry is an AI-based solution for practice, assessment and remediation for K-12 and beyond. The platform works with educators, publishers, and other EdTech companies to replace static educational content with dynamically auto-generating adaptive exercises for students. The startup aims to make practical personalized tuition accessible to everyone, regardless of geography or family income.
With its AI engine’s help, students can now learn and practice with problem sets that cater to their individual learning needs in the form of step-by-step problem breakdown, problem-solving, and further practice with instant personalized assistance like hints and feedback. These help to significantly improve engagement and learning outcomes among students.
Sharing about the company, Co-founder & CEO of Cerebry, Shubham Goyal, said:
We already see an average student solve more than 150 problems monthly on Cerebry outside of the classroom. They would not be engaging with subjects like math at home otherwise. The problem we are solving is worthwhile; I am optimistic that we will reach a future where economic or geographic barriers do not stop kids from realizing their dreams.
The firm has witnessed ten times revenue growth in 2022 and near-perfect retention across different customer segments, with clients ranging from governments in Southeast Asia (SEA) and Middle East and North Africa (MENA), publishers like Marshall Cavendish, and several EdTech companies in India like IMS Learning (India’s largest CAT prep centre chain) and Jamboree (India’s largest GMAT prep centre chain).
With this new fundraising, Cerebry plans to expand its AI-powered practice platform to offer adaptive learning to millions of K-12 students in Asia Pacific (APAC). It also aims to develop its product further by expanding to new domains like science. The company will also broaden its customer base, including new geographies such as Vietnam and Japan.
Commenting on the investment, Eddie Thai, General Partner of Ascend Vietnam Ventures, said:
AVV is thrilled to partner with Cerebry as the company continues to scale its AI-driven EdTech platform. We believe in their mission to make quality education truly adaptive and accessible to all, and we look forward to seeing Cerebry drive positive change in the education landscape.