Graide Secures £1.6M Funding to Expand AI and Machine Learning Platform for Teachers in UK, US, and Canada.
Graide stands at the cutting edge of educational technology. With its assistive AI and machine learning technology, it aims to alleviate the grading burden on teachers by offering efficient, transparent, and explainable AI solutions.
Company Name: Graide
Location: Birmingham, UK
Sector: AI and Machine Learning for Education
Funding Details: Raised £1.6M in funding, bringing the total to £2.5M. The round included participation from XTX Ventures, alongside existing investors Mercia Ventures, the MEIF Proof of Concept & Early Stage Fund managed by Mercia, SFC Capital, and private investors.
Purpose of Investment: To expand within the UK and explore new markets in the US and Canada.
Leadership: CEO Manjinder Kainth, Co-founders Robert Stanyon and George Bartlett
Product: Graide is an AI and machine learning platform designed to assist teachers in grading essays and providing feedback across various subjects, initially focusing on maths, physics, and chemistry. It now supports essay and report marking in all subjects and is developing capabilities to detect student use of AI for writing essays.
About Company: Graide stands at the cutting edge of educational technology. With its assistive AI and machine learning technology, it aims to alleviate the grading burden on teachers by offering efficient, transparent, and explainable AI solutions. Graide's impact extends from school to university level, with its services being utilized by renowned universities and educational platforms in the UK, and pilot projects marking its entry into the US market.