BERKELEY, Calif., Sept. 9,
2024 /PRNewswire/ -- Mathpresso, the operator of
Asia's leading learning app QANDA,
announced today the opening of its first U.S. office in
Berkeley, California. This
strategic move coincides with the burgeoning presence of their new
U.S.-targeted product, Cramify, as the company aims to accelerate
its growth in the North American market.
Launched in March, Cramify is a generative AI-powered study tool
designed to enhance exam and coursework preparation. Leveraging
QANDA's core engine, Cramify allows students to upload their study
materials and receive a comprehensive preparation package tailored
to their exam needs. The platform offers two key features: the
Study Summarizer, which condenses key content, and the Question
Solver, which provides instant solutions based on the students' own
course materials. Cramify, available through a monthly
subscription, has its strongest user base among university students
in the United States and is
currently used in over 30 countries. Since its launch, the platform
has achieved 360% growth in signups within two months.
"The establishment of our new U.S. office underscores our
commitment to fostering personalized education and innovation in
North America's tech and academic
epicenter," said Jake Yongjae Lee,
CEO and co-founder of Mathpresso.
Cramify is Mathpresso's first U.S.-targeted product, created by
the powerhouse behind Asia's top
learning app, QANDA. Leveraging state-of-the-art optical character
recognition (OCR) and large language model (LLM) technologies,
QANDA recognizes text and mathematical equations from photos,
providing detailed solutions and customized content. This approach
has created a self-enforcing data flywheel, driving significant
global traffic, particularly in Asia. Since its launch, QANDA has amassed over
95 million registered users across more than 50 countries, with 90%
of its user base located outside Korea, with predominant clusters
in Japan, Vietnam, Indonesia, and Thailand. Every day, approximately 4 million
photos are uploaded on QANDA worldwide.
In January, Mathpresso leveraged its exclusive datasets to
develop MathGPT, a math-specific large language model that set
world records in various mathematical benchmarks last December.
To date, the company has raised $130
million from investors, including Google, ByteDance, Samsung
Ventures, SBVA, Goodwater, and GGV Capital. Mathpresso has also
been recognized twice as 'Top 100 Gen AI Consumer Apps of a16z
(Andreessen Horowitz),' becoming the first Korean edtech service to
be listed. The company now operates five overseas offices in Korea,
Japan, Vietnam, Indonesia, and the U.S.
About QANDA(Mathpresso)
Seoul-based edtech startup
Mathpresso(QANDA) operates the AI-powered learning platform, QANDA.
The app has gained 10 million monthly active users globally
including South Korea,
Japan, Thailand, Indonesia and Vietnam. Leveraging QANDA's vast database and
traffic, Mathpresso plans to integrate its LLM-based AI tutor into
its vertical services, including QANDA Tutor for tablet-based
individual tutoring, and QANDA B2B & B2G SaaS, ensuring a
deeply personalized educational experience for all students. Since
2015, Mathpresso has secured investments from Google, ByteDance,
Samsung Venture Investment, and SBVA.
About Cramify
At Cramify, we believe in redefining how
students approach studying. As a web-based platform, we transform
the college experience by providing personalized study materials
tailored specifically for exams. Our goal is to create a clear,
focused path that allows students to concentrate on their academics
without feeling overwhelmed by other commitments. We believe
studying should be both meaningful and efficient, ensuring that
students not only excel in their exams but also enhance their
overall learning experience with Cramify, making the most of their
time and effort.
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SOURCE Mathpresso