Elice, an AI-powered educational platform company based in South Korea, has raised KRW 20B (approximately US$15 million) in a Series C funding round led by Vertex Growth, a growth-stage VC fund anchored by Vertex Holdings (a subsidiary of Temasek).
Altos Ventures also participated.
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The company will use the funds to expand into Asia Pacific, such as Singapore, the US, and Japan and strengthen its AI research capabilities by building a large-scale AI Data centre in Busan, leveraging its experience building PMDC (Portable Modular Data Centre). The centre aims to recruit technology talent with aspirations to hire a large-scale AI workforce in Busan.
Founded in 2015, Elice focuses on delivering an integrated B2B and B2G educational platform and content for institutional clients, specialising in technical skills upgrades to enhance organisational digital transformation. Elice leverages AI to offer specialised tech skill development and a customised learning experience across coding environments via personalised tutoring, live classes, testing/assessment, learning management systems and customer management systems.
Existing key clients include Samsung, Hyundai Motors, SK Group, LG Group and Seoul National University.
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Elice claims it serves over 1,800 globally and counts among its clients South Korea’s major conglomerates, top universities, and government ministries. Its AI-based practice-oriented education platform, EliceLXP, has accumulated more than 1.3 million users.
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