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
Employees 18
Industries AI, EdTech, Education
Funding Stage Series B
Social

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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.

Business keywords: 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 Undisclosed 6
Company K Partners, InterVest Co. +4
09 Dec 2022
Series A KRW3.00B 3
Company K Partners, InterVest Co. +1
16 Apr 2021
Non Equity Assistance Undisclosed 1
TIPS Program
23 May 2020
Seed Round KRW300.00M -
06 Apr 2020

DATABANK INC Alternatives & Competitors

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DATABANK INC vs
ATM's
ATM's Bangladesh

সততার চাদরে মোড়ানো প্রতিষ্ঠান

30 employees
EdTech, Education
DATABANK INC vs
Riiid
Riiid Korea South

A global leading AI Tutor solution provider delivering creative disruption to the education market

Series E
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DATABANK INC vs

Anyone, Anytime, Anywhere

Seed
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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 AI, EdTech and Education. Its work centres on EdTech, AI Solutions, NLP and TOEFL Test Prep.
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.
Top alternatives and competitors to DATABANK INC include ATM's, Riiid, OTO Courses, Advancer English, Edusoft Ltd.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
DATABANK INC and ATM's are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for DATABANK INC, https://bouncewatch.com/company/databank-inc, updated 3 March 2025. When citing, please name BounceWatch and link this page.

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