Explico bags US$1.4M to make student assessment easier using AI

Explico, a Singapore-based edutech startup has secured US$1.4 million in pre-series A funding.

The key investors are Astonic Ventures Singapore, Mavis Tutorial Centre, and Singapore Asia Publishers.

Explico will use the money to enhance its learning platform and expand in Southeast Asia, specifically Vietnam and Philippines, and Africa.

Co-founded in 2020 by Ashutosh Shukla (CEO) and Sandesh Shetty (COO), the startup focuses on assessment using artificial intelligence and machine learning to help students identify their specific and respective strengths and weaknesses to design a unique learning modular based on their individual needs.

Also Read: The future of edutech: Personalising learning for all

The foundation on which Explico is built is assessment before recommendation.

Traditional assessment practices (multiple-choice questions, essays, and short answer questions) have widely been used to infer student knowledge and learning. It has been successful, to some extent, in understanding and improving student learning in the past.

Explico can generate assessment tasks, find appropriate peers for study groups, and provide transparent adaptive feedback using AI technology.

It uses these AI techniques that adjust the task to the student’s abilities, giving them tailored assessment experiences, therefore being able to produce a learning method that is suitable according to each of their capabilities.

The platform offers regular online classes/events, challenging sessions and assessments, formative student analysis, and insightful institution analysis with the vision of shifting traditional learning towards a more blended learning educational platform.

The edutech firm also has a subsidised bursary programme for children from low-income families, currently only available for Singaporean citizens.

Explico has an academic faculty of experienced educators and mentors in English, Science, and Mathematics. It collaborates with various institutions in Singapore and internationally which allows for students to have the opportunity to access worldwide education from a young age.

“We aspire to introduce and implement the most robust assessment-based educational system in Singapore. Our sessions are customised to suit the needs of individual students as we have a team of experienced tutors and educators in their respective fields who would be able to properly guide, mentor and educate the students and create a module that is suitable based on their assessment needs for them to excel,” said CEO Shukla.

Also Read: How hybrid learning is revolutionising the landscape of education

“The value of the global edtech market was US$106.46 billion in 2021 and is projected to grow annually by 16.5 per cent, up to US$404 billion in 2025. With English as one of the primary languages spoken in Southeast Asia and Africa, we look forward to scaling Explico in those regions, beginning with growth expansion plans to Vietnam and the Philippines in Q1 2023,” added COO Shetty.

Explico is part of Microsoft for Startup Founders Hub, which enables them to connect to education sectors across the globe through their networking channels.

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