The investment, by SoftBank Vision Fund 2, pushed the intelligent education technology producer's total funding to $250m.

Telecommunications and internet group SoftBank’s Vision Fund 2 provided $175m in funding for South Korea-based intelligent education software provider Riiid yesterday.

Riiid has developed artificial intelligence technology used to personalise education, and will utilise the cash to enhance that technology. It is also looking to build out research and development and data labelling hubs across the United States, Canada and Ghana.

DSC Investment, DS Asset Investment and Shinhan Capital supplied $1.7m in series A funding for Riiid in 2016 before…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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