Listen "Edumentors Secures $2M for Edu AI: Revolutionizing Online Tutoring"
Episode Synopsis
London, United Kingdom – UK-based online tutoring platform Edumentors is proud to announce that it has secured $2 million in seed investment to build Edu AI - the world's first fully interactive, human-like AI tutor. This funding enables Edumentors to transform the way education is delivered to school students and make high-quality education accessible at scale.Despite the rapid development of AI, access to quality education remains a challenge. Experienced tutors charge high prices. As a result, current costs and limited human resources make personalised tutoring an expensive service that families miss out on. Edumentors is here to change that. Introducing Edu AI, the world’s first human-like, live and interactive AI tutor."We believe every student deserves a world-class education, no matter their location or social background. With our new AI tutor - Edu AI, we're opening doors for hundreds of millions of students to get access to the highest quality individual tutoring," said Tornike Asatiani, Founder & CEO of Edumentors.Education should be accessible, which is why Edumentors was built. It is a platform where expert-level support isn't limited by cost or location. Any parent can find means to hire an exceptionally smart and effective tutor through the platform. Now, with the help of Edu AI, Edumentors is taking that same mission even further. They're on a mission to make world-class tutoring available to anyone, anywhere, anytime.Many companies tried to build AI Tutors, but the results are always the same: passive video lessons, pre-recorded classes, or cartoon-like avatars that don’t feel like a real human. It takes experience and expertise to know what students engage with. Edu AI brings one-to-one tutoring sessions identical to real human interaction. The AI tutor is designed to adapt to the student’s personal needs, teach any subject, break down complex topics and engage in human-like interactions through facial expressions and body language analysis.Edumentors has already built the infrastructure through which over 100,000 lessons were sold, and they plan to use the experience to power human-like AI tutoring.Edu AI will have the ability to:- Break down subjects into sub-topics and build a Learning Map that’s easy to digest and allows tracking progress.- Utilise human-like characters to build long-term trust with learners and guide them with confidence.- Recreate a real teaching experience with diagrams, whiteboards, notes and on-screen exercises.- Most importantly, understand the non-verbal cues of the student and react accordingly, just as a professional teacher would.The $2m seed investment round was led by Magna Investments, an Abu Dhabi-based VC fund and was over-subscribed beyond the initially sought $2m. The round was followed by leading angels from the UK and 10+ countries. Among investors are excited founders, CTOs of scaled AI startups and educational experts who believe in the same vision.The funding will be used to accelerate the growth of the platform’s existing human-to-human tutoring model while investing in R&D to bring new products to the market. Edumentors has already sold 100,000 lessons and will continue to accumulate knowledge and data to build the most effective AI tutor.“Since its launch in 2022, Edumentors has held a unique niche in online education. It connects high-achieving student-tutors from top universities with children in need. While most companies overlook this talent-pool, Edumentors built a brand around them and already made over $3m in sales. Given the growth rate and ambition with AI, Edumentors has the opportunity to become the next unicorn in education,” said Richard Hargreaves.Tutoring services available on Edumentors have helped thousands of students across 35 countries. Successful student-tutors from top universities showed exceptional progress: 98% of parents reported seeing significant improvement in their children’s academic performance.Knowledge ca
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