Databank
Latest round
- Series B
Last raised
- Jan 2023
Total raised
- $7M
Investors
- 7
About Databank
Databank Inc.Founded in 2019 in Seoul, South Korea, Databank Inc. specializes in educational technology, focusing on AI solutions for language learning. The company has not undergone significant operational pivots and does not appear to have any subsidiaries. The company was co-founded by Brian Cho and Dahoon Song, who has a history in technology and education. In January 2023, Databank Inc.'s primary offering is TestGlider, an AI-driven educational solution launched in 2019. This flagship product utilizes deep learning technology to assess users' speaking and writing skills, offering personalized lesson recommendations to improve learning outcomes. It has over 720,000 users across 202 countries, assisting students in preparing for major English proficiency exams like TOEFL and IELTS. The technology encompasses an Automated Grading System that simulates human grading patterns and an AI Correction System aimed at enhancing grammatical accuracy and expression in writing. The services target primarily international markets, especially Asia and North America, where there is a high demand for English language proficiency. Databank Inc. generates revenue through direct-to-consumer sales and business-to-business partnerships. Users interact with the platform via subscription models to access TestGlider and its services. Furthermore, the company has formed partnerships with educational institutions, which may create additional revenue streams through licensing agreements or collaborative offerings.'s AI solutions into educational curricula while offering personalized experiences for individual users. Specific pricing details for these services are not publicly available, though they cater to diverse user needs from individuals to large educational organizations. The company will use the January 2023 funds for service and business expansion. The company is focused on developing additional educational products and aims to enter markets in Europe and South America by 2023. Recent investments will support these initiatives, particularly in technology development and market entry strategies.
Who invested in Databank
7 investors across 3 rounds
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Questions about Databank
Who invested in Databank?
Databank has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Databank raised?
Databank has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Databank last raise money?
Databank's most recent round on record is a Series B, in Jan 2023.
What does Databank do?
Databank is a education/training company.
Where is Databank headquartered?
Databank is headquartered in Seoul, South Korea.
Which VCs invest in companies like Databank?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back education/training companies at Databank's stage. Their profiles are linked below.
VCs backing education/training startups at Series B
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