# Graide

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/graide

- Industry: Software
- Headquarters: West Midlands, UK
- Website: www.graide.co.uk
- Total disclosed funding: $1.3M
- Latest round: Seed (Mar 11, 2022)
- Investors on record: 2

## About

Based in West Midlands, UK, and founded in 2019 by its CEO Manjinder Kainth and co-founders Robert Stanyon, and George Bartlett, 6 Bit Education Ltd. trading as Graide, operates as an ed-tech company that uses artificial intelligence for automated grading. In May 2022, 6 Bit Education Ltd raised GBP 0.8 million in venture funding from new investor Mercia Asset Management, returning investor Midlands Engine Investment Fund, and individual investors.

6 Bit Education Ltd offers an end-to-end assessment and feedback platform that incorporates artificial intelligence, learns an assessor’s marking style, and provides insights into student performance. The platform works for science, technology, engineering, and mathematical subjects. The Graide platform has various features such as student visual and markdown input, LMS integration, collaborative grading, and exam grading.

The company generates revenue by charging GBP 30 per student/year.

The company plans to use venture funding to build its team, create two new jobs, and add new features to the platform.

## Funding rounds

- Seed, Mar 11, 2022, $1.1M — Mercia Asset Management
- Angel, Apr 3, 2020, $0.2M — SFC Capital

## Investors

- SFC Capital (https://capitalatlas.ai/funds/sfc-capital) — Angel
- Mercia Asset Management (https://capitalatlas.ai/funds/mercia-asset-management) — Seed