AI startup Korbit raises US$2 million
On October 2, 2019, Korbit Technologies ("Korbit") announced that it closed their seed round of over US$2 million (C$2.65 million). The seed round was led by Khosla Ventures, founded by billionaire and philanthropist Vinod Khosla who has donated millions of dollars to education.
Korbit, co-founded by Iulian Vlad Serban—an award-winning researcher who completed his Ph.D. in AI and personal assistants technology at Mila (Quebec's Artificial Intelligence Institute)—is a spin-off from the Montreal-based Mila lab led by professor Yoshua Bengio, the research lab responsible for major breakthroughs in artificial intelligence, including the understanding of human language and the development of intelligent personal assistants.
Further information can be found on Canada Newswire's website.
Korbit Technologies is a Montreal-based startup building the future of online education: intelligent tutors, which use AI to teach students through interactive exercises and conversations.
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. With over US$5 billion under management, the firm focuses on a broad range of areas including consumer, enterprise, education, advertising, financial services, semiconductors, health, big data, agriculture/food, sustainable energy and robotics.