AI-based edtech startup, SP Robotic Works announced today that it has raised $3 million in Series A funding led by Mount Judi India Growth Fund. The round saw participation from BCCL* and existing investors including Indian Angel Network, Ajai Chowdhry (founder, HCL), and Raman Roy (chairman and managing director, Quatrro) among others.
The capital raised will be used to strengthen and amplify the company’s user base and expand its product portfolio, the startup said in a press statement. “With the new investment of $3 million in Series A funding, SP Robotic Works stands at a total of $4 investment throughout seed, pre-Series A and Series A funding round,” it said.
SP Robotic Works is a direct-to-consumer online edutainment company which raised its first seed investment in 2016. The startup gamifies users’ learning experience with its personalised AI-based teacher named “SPARKY”. It is currently using its pedagogy to engage its students in robotics, drone and coding technologies and plans to foray into math and science with the proceeds of the latest funding round.
The company has an online presence across 14 countries. Additionally, it has an omnichannel presence called “SP Robotics Maker Lab” at 75 locations in India.
“The aim is to encourage children to develop a liking for the practical aspect of concepts that will enable a boost in their cognitive, problem solving and logical thinking skills. The funding will help us to further take this ambition to new heights and diversify our product portfolio and strengthen our user base,” said Sneha Priya, cofounder and CEO of SP Robotic Works.
* BCCL is the publisher of The Economic Times.