Cerebry, a Singapore based artificial intelligence (AI) edtech startup, has announced that it has raised a $1 million seed round led by Vietnam-based venture capital firm Ascend Vietnam Ventures (AVV).Cerebry said in a statement that the funding round also saw participation from Pentathlon Ventures and strategic investors.With the funding Cerebry plans to continue expanding its AI powered practice platform to offer adaptive learning to millions of K12 students in Asia Pacific (APAC).The firm plans to develop their product further by expanding to new domains like science.Cerebry will also broaden its customer base,including new geographies such as Vietnam and Japan.
“We already see an average student solve more than 150 problems monthly on Cerebry outside of the classroom,“They would not be engaging with subjects like math at home otherwise,” said Shubham Goyal, Co-Founder and Chief Executive Officer, Cerebry.According to him, this enables the firm to achieve a median score improvement of up to 37 percent with the entire cohort in a school.“The problem we are solving is worthwhile; I am optimistic that we will reach a future where economic or geographic barriers do not stop a kid from realizing their dream”.Cerebry is an AI based solution for practice, assessment and remediation for K12 and beyond.The firm works with educators,publishers,and other edtech companies to replace static educational content with dynamically auto-generating adaptive exercises for students.With the help of its AI engine, students now can learn and practice with problem sets that cater to their individual learning needs in the form of step by step problem breakdown, problem solving, and further practice with instant personalized assistance like hints and feedback.
These help to significantly improve engagement and learning outcomes among students.The company has witnessed 10 times revenue growth in 2022 and near perfect retention across different customer segments, with clients ranging from governments in Southeast Asia (SEA) and Middle East and North Africa (MENA), publishers like Marshall Cavendish, and several edtech companies in India like IMS Learning (India’s largest CAT prep center chain) and Jamboree (India’s largest GMAT prep center chain).The edtech startup started with secondary school maths and reached profitability in 2022.While a number of edtech companies face a decline in usage and retention post-pandemic, Cerebry observes the opposite with schools adopting their platform.
Cerebry is led by Shubham Goyal, Rahul Singhal and Rohit Singhal, who came with strong engineering background and experience leading early and growth-stage startups.Rahul started Cerebry as his Ph.D. work at the National University of Singapore (NUS), addressing the problem that the three founders themselves once faced as students preparing for IIT entrance exams in India,the lack of 1 to 1 tuition due to financial constraints.According to the statement, lead investor AVV also bets on Cerebry’s potential to become a globally impactful edtech company.“AVV is thrilled to partner with Cerebry as the company continues to scale its AI driven edtech platform,” said Eddie Thai, General Partner at AVV.“We believe in their mission to make quality education truly adaptive and accessible to all, and we look forward to seeing Cerebry drive positive change in the education landscape,”
