Welcome!

Agile Computing Authors: Liz McMillan, Yeshim Deniz, Elizabeth White, Pat Romanski, Andy Thurai

News Feed Item

KnowRe Closes $1.4 Million Investment Round From SoftBank Ventures Korea for Innovative Adaptive Learning Service

NEW YORK, NY -- (Marketwire) -- 01/24/13 -- KnowRe (www.knowre.com), an innovative education technology company developing an online adaptive learning service for mathematics, announces the closing of its $1.4 million investment round from SoftBank Ventures Korea ("SBVK"). The financing comes shortly after KnowRe was awarded Grand Prize by Google and Korean governmental agencies (KISA and KCC) at Global K-Startup, a competition amongst 246 companies aimed at finding and supporting the next generation of global-ready startups. KnowRe is also a member of the first class of SparkLabs, a startup accelerator supporting Korean entrepreneurs looking to grow outside of Korea.

Sean Lee from SBVK commented, "We were impressed by the team's passion for education, prowess in technology and the latent possibilities in the digital math education market. We look forward to helping cultivate KnowRe into a digital math service for students around the world."

Founded by a team of educators and technologists, KnowRe's patented technology assesses students' strengths and weaknesses and develops a personalized curriculum that adapts in real-time as they progress. KnowRe also engages students with math learning through an attractive, gamified user experience.

"We took our years of experience as math instructors and running a math academy in Seoul, South Korea to digitalize our offline methodology. Our focus has always been to discover students' weaknesses and help resolve the problems they face when learning mathematics," said YJ Kim, CEO and Co-founder of KnowRe.

"As we look to build out our business in the US, we are extremely delighted to have this support from SoftBank Ventures Korea. This financing will help KnowRe to continue developing top-rate proprietary content and technology, and deliver our service to teachers, parents and students in the US," added David Joo, COO and Co-founder.

KnowRe plans to launch their open beta service in the US during the first quarter of 2013.

About KnowRe:
KnowRe is an educational technology company developing an innovative online adaptive learning service for mathematics. KnowRe assesses an individual's strengths and weaknesses, personalizes a curriculum for each student's focus areas and engages students through game-like features, attractive graphics and social learning. KnowRe believes in the importance of a good education, the need for personalization in our educational system and that technology is the most effective tool to help bring about these goals.

About SoftBank Ventures Korea:
Established in 2000, SoftBank Ventures Korea has formed more than 10 funds and has invested approximately 274 million USD, equivalent, across 130 startup companies (2012 2H). SBVK is a venture capital subsidiary of SOFTBANK Group, one of the largest technology and telecommunications corporations in the world, focused on mobile communications, broadband infrastructure, fixed-line telecommunications, and internet culture. SBVK is committed to investing in and supporting companies and entrepreneurs with disruptive technologies and innovative ideas to change the world.

Add to Digg Bookmark with del.icio.us Add to Newsvine

For more information, please contact:
Gloria Lee
[email protected]

KnowRe
175 Varick Street, Floor 3
New York, NY 10014
http://www.knowre.com
Twitter: @knowremath

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...