Mathpresso Raises $50M in Series C Funding
Summary
Mathpresso, a Seoul, South Korea-based provider of a K-12 mobile learning app, raised $50M in Series C funding. The company intends to use the funds to strengthen its AI-based techniques of recommendation algorithms and develop localized business models for its regional offices in Indonesia and Thailand. The app recognizes text and mathematical formulas in a photo with optical character recognition (OCR) technology. Supported by over 2.4 billion solution data and a self-developed search engine, Qanda has over 9.8 million monthly active users in over 50 countries. The app currently offers 7 languages – Korean, English, Spanish, Japanese, Vietnamese, Indonesian, and Thai.
Funding
Review available funding amount, funding date, investors, and linked company information related to Mathpresso Raises $50M in Series C Funding in the interactive ISVWorld profile.