Homeworkbox completes a new round of financing of US$150 million, led by Alibaba.
Summary
Homeworkbox completed a new $150 million financing round led by Alibaba, pushing its valuation above $1 billion. The company develops AI-powered education products that support adaptive teaching, homework correction, and school-home communication. It also showcased its “Xiaoke Classroom” AI teaching system at an international education and AI conference. The company says it now serves users across 31 provinces and more than 500 cities in China. The round highlights continued investor interest in AI-driven education software.
Funding
Amount
$150.0M
Total raised
Date
May 30, 2019
Announcement date
Investors
DAMO Academy
Lead investors
Company
homeworkbox.com
Funded company
Classifications
industries
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applications
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AskAI Classifications
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