Founded in 2013 by Bhattacharya and Shashank Pandey, ConveGenius has established three business verticals. They offer SwiftChat – a conversational AI bot store; Swift School, a personalised adaptive learning platform for schools; and Swift Insights, a large-scale assessments and data intelligence platform.
The company has announced a fresh funding round raised from UBS Optimus Foundation, Mount Judi Ventures and other existing investors. As stated on January 11, the new funding round amounting to $7 million will be used to expand the company’s reach in international markets. The round is being held when the education technology sector’s financing for the K-12 vertical has been decreasing.
“This funding round marks a crucial step in ConveGenius’ journey. Our team remains steadfast in the pursuit of empowering every learner, starting with India and fostering data-driven governance for transformative change in education. The capital raised will empower us to export another Indian technology to global markets,” said founder and managing director Jairaj Bhattacharya.
The company will use the fresh funding to advance the generative AI capabilities of its conversational AI platform SwiftChat, built on AWS (Amazon Web Services), as well as to expand its offerings internationally. The move aligns with startups nationwide experimenting with Generative AI to expand existing offerings or launch newer ones.
“ConveGenius has implemented massive-scale educational solutions serving students, teachers, institutions, and government administrators. It is successfully transforming public education systems, one of the toughest frontiers in the K-12 space. We at Mount Judi Ventures are thrilled to support ConveGenius’s mission to redefine education through AI,” said Ali Shariff, Partner at Mount Judi Ventures.
ConveGenius’ existing backers, Michael & Susan Dell Foundation (MSDF), Bace Capital, Heritas Capital, and Gray Matters Capital, also participated in the current funding round. The company also revealed the funding to be a part of an awaited larger round that ConveGenius is working towards without divulging details on the timeline.
Quick Glimpse at the Company and Round details:
About: ConveGenius is a social enterprise deploying technology like conversational AI and big data analytics to drive meaningful change in emerging markets and make an impact in the edtech sector. In their decade of experience, they’ve propelled systemic transformation in education, focusing on bridging learning and skills gaps for India’s bottom 200 million students. Their flagship Ed-Tech platform, ‘ConveGenius,’ and our conversational AI platform, ‘SwiftChat,’ have already helped 77 million+ students across India.
Founders: Bhattacharya and Shashank Pandey
Founded In: 2013
Round: Series A
Investors: UBS Optimus Foundation, Mount Judi Ventures and other existing investors
Amount: $7 Million