Seoul-based edtech startup Mathpresso announced Tuesday that it has received an investment from Google.
Founded in 2015, Mathpresso operates a flagship app called QANDA. By recognizing text and mathematical formulas in a photo with optical character recognition (OCR) technology, QANDA provides detailed solutions and personalized learning content.
The company said the app is used by over 12 million users monthly in over 50 countries, and has accumulated over 45 million registered users and 3 billion education data.
Over 85% of QANDA's users reside outside of Korea, with its strongest user bases include Japan, Vietnam, Indonesia, and Thailand.
Mathpresso said it launched additional features on QANDA earlier this year, including the Premium subscription model that offers byte-sized video lectures and the Community feature that enhances collaborative learning.
"The investment by Google opens up exciting opportunities for Mathpresso and enhances our ability to serve students around the world," said Soo Nahm, Mathpresso's Chief Financial Officer. "Together with the recent Series C funding, this investment will help us accelerate our global market expansion as well as our technological advancement."
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