domestic online education institutions apes question bank announced today that the company has completed a $60 million $3600, a new round of financing valued at $360 million.
the investment by the Chinese culture industry investment fund (CMC Capital Partners) led, New Horizon Capital, New Horizon Capital), IDG Capital Partners China and participate in the investment, this is the last July apes question bank announced a $15 million C round of financing, financing announcement again, with the sole financial advisor to follow for this round of financing.
the ape question bank company founded in 2012, when get the IDG capital of $2.2 million in A round of funding, and in 2013 by the partners China led, IDG capital with $7 million B round of funding. Since September 2013 online has more than 13 million middle school students to the user, the user is currently the most Chinese middle school students of online learning products. Apes question bank on a mobile phone for students to practice and knowledge assessment service, to solve the problem of students through intelligent algorithm, data analysis and mining can accurately assess the ability of each student, and one-to-one intelligent suggestion according to ability, meet the demand of students’ personalized learning outside the classroom.
the ape question bank, founder and CEO li yong said that in the past two years, less than an ape question bank with strong technology and high quality content, to help Chinese students to complete the practice to solve the problem of efficiency change, has tens of millions of middle school students benefit from it.
for a long time, Chinese students have been faced the individual ability difference and school provide the homogeneity of the plight of learning path does not match. Limited resources and means, a teacher cannot be achieved for each student to provide personalized teaching in class, and for each student to the most suitable for his exercises.
“in meet the demand of the individuality of the students to practice and adaptive, after the company’s future will also student data and evaluation is applied to the teaching link, to achieve personalized and adaptive teaching process, thus greatly improve the learning efficiency.” Li yong said.
Chinese culture, says Mr Li, chairman of CMC fully believe that the Internet to overturn the traditional industry such as the education capacity and the outbreak of the future potential of this market is also highly agree with apes question bank at technology driven, innovation breakthrough in the field of personalized education products online, want to hand in hand with the company to obtain the new development.
the ape question bank is a company dedicated to learning is driven by technology, in addition to ape question bank products, the company also released early picture search based on machine learning problem APP “small apes search problem”, the current number of users has more than 6 million. At the same time, the company will launch in the near future based on data mining and personalized learning platform for the live coaching “apes tutoring”.