Databank Inc Revenue

About Databank Inc

Welcome to Databank Inc., a pioneering technology company dedicated to enhancing educational outcomes through innovative AI solutions. Established in 2019, we've rapidly emerged as a leading Korean AI EdTech startup, carving out a unique niche with our specialized expertise in deep learning-based Natural Language Processing (NLP). This proficiency has been specifically tailored towards optimization for TOEFL® and IELTS®. Our vision at Databank extends beyond the conventional. We are committed to bridging educational disparities by harnessing the transformative power of technology, making learning more accessible, engaging, and impactful for all learners. In just three years, our proprietary offering, the TestGlider® for TOEFL®, has become a global hit, being used by over 2 million users across 202 countries. Building on this success, we launched TestGlider® for IELTS® in 2022, followed by its paid version in 2023. TestGlider®, an industry-leading software-as-a-service AI engine, revolutionizes test preparation by providing instantaneous, valuable feedback on all sections of these tests. Available as both a web-based solution and an open API integration, it enables users to significantly improve their English writing and speaking skills within mere minutes, all at a fraction of the cost of traditional methods. In recognition of our innovative solutions and scalable core technology, we have successfully raised substantial funding. In April 2021, we secured $2.7M in Series A funding. This was followed by a further investment of $4.0M in Series B funding in December 2022. These investments underline the faith of the investor community in our vision and capabilities. For inquiries about partnerships or purchases, we invite you to connect with us. At Databank Inc., we're not just preparing you for tests; we're preparing you for the future. Welcome to the next level of test preparation.

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