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Riiid logo — A global leading AI Tutor solution provider delivering creat...

Riiid

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

Founded 2014 Korea South Korea South 83 employees Series E Total: $83.79B AI, EdTech +2

General Information

Company Name Riiid
Founded Year 2014
Location Korea South Korea South
Employees 83
Industries AI, EdTech, Education +1
Funding Stage Series E
Social

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About Riiid

Riiid is revolutionizing the education market with its advanced AI technology, embodied in the slogan "Experience personalized AI tutoring that surpasses traditional methods, making education more accessible, effective, and affordable." Since its inception in 2017 with the launch of Santa TOEIC, their AI Tutor solution has rapidly gained traction, amassing 1 million users in Korea alone. Currently expanding into Japan and Vietnam, Riiid aims to disrupt the traditional educational landscape, offering personalized AI tutors that significantly enhance learning efficiency at a lower cost than human tutors. The recent Series E investment of $175.00M led by SoftBank Vision Fund on 24 May 2021 underscores the confidence in Riiid's potential. As an EdTech pioneer, the company's ambition to democratize educational opportunities aligns with market demands, propelling Riiid as a promising player in reshaping the future of learning and education.

Business keywords: AI Tutoring, EdTech, Deep Learning, Personalized Education, Test Preparation, Education Technology, Adaptive Learning, Korean Market, Global Expansion, Disruptive Technology

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Series E $175.00M 1
SoftBank Vision Fund
24 May 2021
Series D KRW50.00B 6
InterVest Co., Korea Development Bank +4
23 Jul 2020
Series C KRW20.00B 6
DSC Investment, Premier Partners +4
15 Jul 2019
Series B KRW11.50B 6
Korea Investment Partners, Company K Partners +4
25 Apr 2018
Series B $10.77M 3
DSC Investment, Daesung Private Equity +1
16 Jun 2017
Series A KRW2.00B 4
Company K Partners, DSC Investment +2
03 Feb 2016
Seed Round Undisclosed 2
TIPS Program, D3 Jubilee
01 Mar 2015
Angel Round KRW100.00M -
21 May 2014

Riiid Alternatives & Competitors

View All Alternatives
Riiid vs
DATABANK INC
DATABANK INC Korea South

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

Series B
18 employees
AI, EdTech
Riiid vs
Kunduz
Kunduz Turkey

better education for all

Seed
864 employees
EdTech, Education
Riiid vs
E-Numeracy
E-Numeracy United Kingdom

E-Numeracy is an online tutoring tool that rebuilds confidence, identifies knowledge gaps, and adapt...

Seed
11-50 employees
AI, EdTech

FAQ About Riiid

A global leading AI Tutor solution provider delivering creative disruption to the education market
Riiid was founded in 2014.
Riiid is headquartered in Korea South.
Riiid operates in AI, EdTech, Education and Machine Learning. Its work centres on AI Tutoring, EdTech, Deep Learning and Personalized Education.
Riiid has approximately 83 employees.
Riiid has completed 8 funding rounds, raising a total of $83.79B. The latest funding stage is Series E.
Top alternatives and competitors to Riiid include DATABANK INC, Kunduz, E-Numeracy, AIO Educação, NeoStencil. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Riiid and DATABANK INC 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 Riiid, https://bouncewatch.com/company/riiid, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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