ConveGenius Secures $7 Million in Funding to Enhance Edtech Generative AI Features

Today, ConveGenius, an Indian technology firm focused on education powered by AI, revealed that it has finalized a $7 million funding round aimed at fueling its growth.

The funding round was primarily backed by the UBS Optimus Foundation, along with the venture capital firm Mount Judi Ventures, as well as contributions from existing investors like the Michael & Susan Dell Foundation (MSDF), Bace Capital, Heritas Capital, and Gray Matters Capital.

According to the company's statement, this influx of capital will support the development of its conversational AI platform, SwiftChat, and facilitate entry into international markets. generative AI \"This funding marks a pivotal chapter in ConveGenius' narrative. We are devoted to empowering every student, beginning with India, and advocating for data-driven reforms to reshape education. This capital will allow us to bring yet another cutting-edge Indian technology to global audiences,\" shared Jairaj Bhattacharya, co-founder and managing director of ConveGenius.

Founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, this edtech startup leverages chatbots and personalized learning technologies to boost educational outcomes.

Delivering Tailored Adaptive Learning Across Indian Schools AI-based ConveGenius currently operates three business segments, including SwiftChat’s bot marketplace, which has accumulated 143 million user profiles and serves over 577,000 schools throughout India. Additionally, Swift School’s adaptive learning platform has been integrated into more than 25,000 educational institutions across 16 states in India.

Moreover, the large-scale assessment and data intelligence tool, Swift Insights, tracks educational performance for 7 million learners across 20 Indian states and four other countries.

"Our commitment is to significantly enhance learning outcomes for children by improving educational quality, not just in India, but around the globe. We are excited to collaborate with ConveGenius, as their SwiftChat generative AI platform equips teachers with tailored content and learning support necessary in classrooms,\" remarked Dhun Davar, head of social finance at UBS Optimus Foundation, who also oversees social impact initiatives in India and the Middle East. conversational AI In 2021, ConveGenius raised $5 million in a previous funding round that was spearheaded by Bace Capital, 3Lines Venture Capital, and Heritas Capital, with support from MSDF.

ConveGenius Secures $7 Million in Funding

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