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South Korean startup Riiid is building AI-powered tools to help schools improve the way they educate students.
The startup created a hit app which boosted the test scores of users taking a standardized English proficiency test in South Korea and Japan. Riiid expanded to Silicon Valley this summer with a plan to introduce AI-powered learning tools in school districts in the US.
“Because of COVID-19, they are looking for alternatives,” CEO and founder YJ Jang told Business Insider. “That’s why we are seeing tremendous opportunities.”
Riiid’s US expansion coincided with a $42 million investment in a Series D round. Here’s the pitch deck the startup used.
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Artificial intelligence is fast becoming a ubiquitous technology, integrated into consumer products like smart assistants as well as enterprise tools, like to help businesses find more effective ways to sell their products and services.Entrepreneur YJ Jang, CEO and founder of educational technology startup Riiid, wants to use AI to dramatically improve the way young people learn.Founded in 2014 in South Korea, Riiid is building AI-powered tools to address the educational needs of students, teachers, and schools. In 2017, the startup released an app called Santa geared at people …
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