Edtech firm Uolo raises $7 million

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Edtech startup Uolo, has raised $7 million (about Rs 63 crore) in a funding round led by Australian venture capital firm Five Sigma.

The round also saw participation from existing investors Blume Ventures, Morphosis and Alicorn.

The Gurgaon-based startup plans to deploy the funds to expand its network of school partners, advance generative artificial intelligence (AI)-based learning companions and strengthen its offerings.

“There are two key challenges that need to be addressed when we talk about the adoption of technology or AI in the education…



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Edtech firm Uolo raises $7 million



Edtech startup Uolo, has raised $7 million (about Rs 63 crore) in a funding round led by Australian venture capital firm Five Sigma.

The round also saw participation from existing investors Blume Ventures, Morphosis and Alicorn.

The Gurgaon-based startup plans to deploy the funds to expand its network of school partners, advance generative artificial intelligence (AI)-based learning companions and strengthen its offerings.

“There are two key challenges that need to be addressed when we talk about the adoption of technology or AI in the education…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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