South Korea's Riid bags $18m in Series C to develop edtech AI solutions

Seoul, South Korea. Photo by Sunyu Kim on Unsplash

Riid, a South Korea-based AI tutor startup, raised $18 million in its Series C round from a slew of investors namely Premier Partners, Alpenroute Asset Management, DSC Investment, IMM Investment, Korea Growth Investment Corporation and D Ventures Private Investment Fund.

According to a statement issued by the company, Riid will invest the capital raised to beef up its R&D wing and enhance santA.Inside, its B2B service, which allows education businesses to provide educational services through AI and launch their own AI edutech brands.

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