Riiid Labs, a member company of the Born2Global Centre, is a leading AI solutions provider delivering creative disruption to the education market through its cutting-edge technology.

Riiid provides 1:1 customized learning solutions based on machine learning technology.

Riiid was founded in 2014 by YJ (Young-Jun) Jang. The company is headquartered in Seoul, Seoul, South Korea.

 

Riiid launched Santa for TOEIC in 2017, the firm's first commercialized AI tutor solution based on deep-learning algorithms, making otherwise expensive test prep affordable for everyone. The app has attracted more than a million users in South Korea alone.

 

Riiid's proprietary AI technology analyzes student data and content, predicts scores and user behavior, and recommends personalized study plans in real-time to help students optimize their learning potential.

 

Riiid launched 'Riiid Labs,' the firm's global arm currently operates Santa for TOEIC in Korea and Japan and has launched Santa SAT in Vietnam. Riiid also launched Santa, a test prep app geared toward people in non-English-language which has been used by more than 2.5 million students in Korea and Japan.

 

Riiid is backed by SoftBank’s Vision Fund 2, Korea Development Bank (KDB), NVESTOR, Premier Partners, Intervest, IMM Investment and others. The company raised $175M in a new round on May 24, 2021. This brings Riiid's total funding to $245.2M to date.

 

 

  • Year founded: 2014
  • Funding Info: $245.2M over 6 Rounds (Latest Funding Type: Series E)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Seoul
  • State: Seoul
  • Country: South Korea
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