ConveGenius receives $7 million funding from UBS Optimus Foundation, Mount Judi Ventures, others
ConveGenius was founded in 2013 by Jairaj Bhattacharya and Shashank Pandey.
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AI-first edtech startup ConveGenius has raised $7 million funding from Optimus Foundation and Mount Judi Ventures along with existing investors, the company announced on Thursday, January 11, 2023.
Existing investors who participated in the round include Michael & Susan Dell Foundation (MSDF), Bace Capital, Heritas Capital, and Gray Matters Capital.
“We are dedicated to driving improved learning outcomes for children by enhancing the quality of education, not just in India but worldwide. That’s why we are delighted to partner with ConveGenius, as their SwiftChat generative AI platform provides the personalised learning content and teacher training support needed in schools. Their impact is measurable and scalable, and we look forward to working with them to reach millions of students," said Dhun Davar, Head of Social Finance, UBS Optimus Foundation and Head of Social Impact & Philanthropy, India and the Middle East, UBS.
ConveGenius was founded in 2013 by Jairaj Bhattacharya and Shashank Pandey. The company's three business verticals—SwiftChat's conversational AI bot store, which has 143 million registered user profiles and has been used by over 577,000 schools in India—illustrate the effectiveness of its chatbots in revolutionising interactive learning experiences. Meanwhile, Swift School's personalised adaptive learning platform, which has been installed in over 25,000 schools across 16 states in India, is providing immersive educational experiences to over 4 million children. Furthermore, Swift Insights' large-scale tests and data intelligence platform have played an important role in assessing learning outcomes for 7 million children across 20 states.
"ConveGenius has implemented at a 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.
UBS Optimus Foundation is an independent grant-making foundation that enables UBS clients to utilise their money to promote good social and environmental change.
Mount Judi Ventures was founded by Indian entrepreneurs to build wealth via mutually beneficial and equitable venture capital investments. MJV brings together investors and prospective entrepreneurs of ethical enterprises in the healthcare, education, technology, and consumer sectors.
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