# Shanghai Yixue Education Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-yixue-education-technology-co

- Industry: Education/Training
- Headquarters: Shanghai, China
- Website: www.songshuai.com
- Total disclosed funding: $152M
- Latest round: Series C (Jul 1, 2021)
- Investors on record: 10

## About

Founded in 2014 and based in Shanghai, China, Shanghai Yixue Education Technology Co., Ltd. is a provider that focuses on the development of artificial intelligence adaptive learning system. In 2017, the company launched the Squirrel AI artificial intelligence adaptive learning system called Squirrel AI. Li Haoyang, founder of the company, former vice president of Onli International Education. 

The company engages in the development of artificial intelligence adaptive learning system. The company provides SaaS services from artificial intelligence virtual teacher teaching services to evaluation, homework, educational affairs, teaching data management and other SaaS services for government education departments, primary and secondary schools, and education and training institutions in various countries around the world.

## Funding rounds

- Series C, Jul 1, 2021 — NGP Capital, SIG Asia Investment, CITIC Securities
- Series B, Mar 25, 2020 — Innovator Capital
- Series A, Jun 21, 2018, $108M — NGP Capital, SIG Asia Investment, Tiantu Capital
- Angel, Nov 7, 2017, $23M — NGP Capital, SIG Asia Investment
- Angel, Dec 3, 2016, $17M — Greenwoods Asset Management, CASH Capital, New Oriental Education & Technology Group
- Seed, Jun 1, 2015, $4.9M — Qingsong Fund, Zhisland Capital

## Investors

- Qingsong Fund (https://capitalatlas.ai/funds/qingsong-fund) — Seed
- Zhisland Capital — Seed
- Greenwoods Asset Management (https://capitalatlas.ai/funds/greenwoods-asset-management) — Angel
- CASH Capital (https://capitalatlas.ai/funds/cash-capital) — Angel
- New Oriental Education & Technology Group — Angel
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Angel, Series A, Series C
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Angel, Series A, Series C
- Tiantu Capital (https://capitalatlas.ai/funds/tiantu-capital) — Series A
- Innovator Capital (https://capitalatlas.ai/funds/innovator-capital) — Series B
- CITIC Securities — Series C