Riiid
PrivateLast Round
Series E
May 24, 2021
Est. Valuation
$36.05M
Total Funding Raised
$248.12M
Momentum Score
50 /100
Company Overview
Riiid, Inc. is a South Korean artificial intelligence (AI) education technology company founded in 2014. The company develops and provides AI-powered adaptive learning platforms designed to offer personalized educational experiences. Its core technology analyzes student data, predicts scores and user behavior, and recommends customized study plans in real-time to optimize learning. Riiid's flagship product is 'Santa', a mobile test preparation application for standardized exams such as the TOEIC, which has gained millions of users in Korea and Japan. The company is venture-backed, having raised significant funding rounds, including $175 million from SoftBank's Vision Fund 2 in 2021. In addition to its direct-to-consumer apps, Riiid also licenses its AI technology as a B2B solution for other companies and educational institutions. The company is headquartered in Seoul, South Korea, and has a global presence with a US arm, Riiid Labs, in California.
Sector
Consumer & Commerce
Verticals
Personalization, ML Platforms, Vertical SaaS, Subscription Commerce
Business Model
B2C
Customer Profile
Subscription SaaS, Usage-Based SaaS, Government Contracts, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Riiid Comps
Public and private peers based on sector, stage, and business model.
Riiid Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series E | May 24, 2021 | ||||
| Series D | Jul 24, 2020 | ||||
| Series C | Jul 15, 2019 | ||||
| Series B | Apr 30, 2018 | ||||
| Series A Extension | Jun 16, 2017 | ||||
Series A | Jan 25, 2016 |
Key People
Founding team and executive leadership
Riiid Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| InterVest | Series D |
| SoftBank Investment Advisers | Series E |
| DSC Investment | Series A Extension, Series C, Series A |
| IMM Investment | Series C, Series D |
| Alpen Route | Series C |
| Premier Partners | Series C |
| ES Investor | Series A Extension, Series B |
Riiid Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Riiid's valuation, stock price, and market status.
