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DATABANK INC logo — We bridge the education gap with technology; deep learning-b...

DATABANK INC

We bridge the education gap with technology; deep learning-based natural language processing

Founded 2019 Korea South Korea South 18 employees Series B Total: $3.30B AI, EdTech +1

General Information

Company Name DATABANK INC
Founded Year 2019
Location Korea South Korea South +1
Employees 18
Industries AI, EdTech, Education
Funding Stage Series B
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About DATABANK INC

DATABANK INC is a Korean AI EdTech startup founded in 2019, specializing in deep learning-based Natural Language Processing (NLP) for TOEFL® and IELTS® test preparation. The company's flagship product, TestGlider®, has gained widespread popularity, with over 2 million users across 202 countries. DATABANK INC recently received significant funding, securing $2.7M in Series A funding in April 2021, followed by a further investment of $4.0M in Series B funding in December 2022 from Company K Partners, InterVest Co., KB Investments, Korea Development Bank, Schmidt, and D3 Jubilee. Their innovative solutions and scalable core technology have attracted investor confidence. DATABANK INC's commitment to leveraging technology to bridge educational disparities and make learning more accessible positions them as a promising player in the AI and EdTech industries. Their success with TestGlider® and strategic funding indicate a strong potential for future growth and impact.

Taxonomy: EdTech, AI Solutions, NLP, TOEFL Test Prep, IELTS Test Prep, Deep Learning, Software-as-a-Service, Education Technology, Language Processing, Test Preparation, Global Impact, Investment, Technology Solutions

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series B •••••• 6
Investor Investor Investor Investor Investor
•••• •••• 		09 Dec 2022
Series A •••••• 3
Investor Investor Investor
16 Apr 2021
Non Equity Assistance •••••• 1 •••• •••• 23 May 2020
Seed Round •••••• - 06 Apr 2020

FAQ About DATABANK INC

We bridge the education gap with technology; deep learning-based natural language processing
DATABANK INC was founded in 2019.
DATABANK INC is headquartered in Korea South.
DATABANK INC operates in the following industries: AI, EdTech, Education.
DATABANK INC has approximately 18 employees.
DATABANK INC has completed 4 funding rounds, raising a total of $3.30B. The latest funding stage is Series B.

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