Edtech Cerebry raises capital from AVV

Cerebry, a Singapore-based artificial intelligence (AI) edtech startup, has announced it raised $1 million in a seed round led by the Vietnam-based venture capital firm Ascend Vietnam Ventures (AVV).

The funding round also saw the participation of Pentathlon Ventures and strategic investors.

Cerebry will use the funding to continue expanding its AI-powered practice platform to offer adaptive learning to millions of K-12 students in the Asia-Pacific region.

It plans to develop its product further by expanding to new domains like science, and 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,” said Mr. Shubham Goyal, Co-Founder and CEO of Cerebry. “They would not be engaging with subjects like math at home otherwise.”

This enables Cerebry to achieve a median score improvement of up to 37 per cent with the entire cohort in a school. “The problem we are solving is worthwhile,” he said. “I am optimistic that we will reach a future where economic or geographic barriers do not stop a kid from realizing their dream.”

“AVV is partnering with Cerebry as the company continues to scale its AI-driven edtech platform,” said Mr. 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.”

Cerebry is an AI-based solution for practice, assessment, and remediation for K-12 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 can now 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.

According to CrunchBase, AVV has so far made ten investments, taking the lead in three of them, including this latest, which is also its first in 2023. Seven were conducted last year, while the other two were in its year of launching. With 25 investments expected, there are 15 more to come.