Startups
Databank is an AI-based EdTech Startup that provides online test preparation services including instant scoring through TestGlider.
Can AI solve the education inequality issues of today? What if the AI tutor can grade my English speaking and writing skills and provide an adaptive and customized curriculum at a low cost?
Databank started with a vision to bridge the education gap and bring about social impact in the global education industry. In 2019, Databank launched the first product, TestGlider, the AI TOEFL Tutor, previously known as TOEFLBANK. TestGlider is the world's first AIEd solution that evaluates open-ended responses and provides adaptive education through machine learning and deep learning technology. In two years, TestGlider has become a global TOEFL platform with over 1,400,000 users from 202 countries. Within a month after the launch of the paid version, purchases were made in over 100 countries, witnessing a global product-market fit. Databank is the fastest growing start-up among Korean EdTech start-ups. Databank raised $2.7m in series A funding in April, seeing the corporate value growing by 1300 times in 2 years. Databank, equipped with specific plans, execution, and technology for the upcoming Series B round in 2022, is the next unicorn of 2025.
Can AI solve the education inequality issues of today? What if the AI tutor can grade my English speaking and writing skills and provide an adaptive and customized curriculum at a low cost?
Databank started with a vision to bridge the education gap and bring about social impact in the global education industry. In 2019, Databank launched the first product, TestGlider, the AI TOEFL Tutor, previously known as TOEFLBANK. TestGlider is the world's first AIEd solution that evaluates open-ended responses and provides adaptive education through machine learning and deep learning technology. In two years, TestGlider has become a global TOEFL platform with over 1,400,000 users from 202 countries. Within a month after the launch of the paid version, purchases were made in over 100 countries, witnessing a global product-market fit. Databank is the fastest growing start-up among Korean EdTech start-ups. Databank raised $2.7m in series A funding in April, seeing the corporate value growing by 1300 times in 2 years. Databank, equipped with specific plans, execution, and technology for the upcoming Series B round in 2022, is the next unicorn of 2025.
Overview
Location
South Korea, Seocho-gu
Employees
11-50
Founded date
2019
Investors 2
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Nov 11, 2023 | Company K Partners | kpartners.co.kr |
Mentions in press and media 3
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jun 22, 2023 | Databank Launches a New Mock Test Platform for IELTS®, Expanding Beyond Services for TOEFL® | EdTech startup Databank is revolutionizing the English proficiency test prep market with its AI-based platform. On June 22nd, 2023, Databank launches TestGlider for IELTS®, targeting the global market of over four million annual IELTS® test... |
| Обзор технологических стартапов в образовании за последнюю неделю | В порядке возрастания привлеченных инвестиций. 0 Обсудить 175 просмотров Vidyakul Платформа электронного обучения на местных языках Основана в 2018 году, интерактивная платформа электронного обучения, которая позволяет учителям разрабатыват... |
Reviews 0
FAQ about DATABANK
When was DATABANK founded?
DATABANK was founded in 2019.
Who has invested in DATABANK?
Parsers VC lists 2 investors of DATABANK, among them Company K Partners.
What has the press written about DATABANK?
Parsers VC has collected 3 articles mentioning DATABANK, among them “Databank Launches a New Mock Test Platform for IELTS®, Expanding Beyond Services for TOEFL®” (Jun 22, 2023) and “Обзор технологических стартапов в образовании за последнюю неделю”.
Is DATABANK still active?
Yes, DATABANK is active; its latest activity on Parsers VC dates from Nov 11, 2023.