6 Bit Education
Helping teachers grade assignments quickly and easily, using artificial intelligence to give tailored feedback to students.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | £800k | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 14 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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6 Bit Education offers AI-driven solutions designed to enhance the educational feedback process for teachers and students. The company's platform, known as "Graide," aims to reduce teacher workload by automating the grading and feedback of student work, allowing educators to provide more personalised and timely support. Graide integrates with existing learning management systems and is capable of understanding and assessing a wide range of subjects and question types, including those with mathematical and scientific notations.
Founded in 2017 by Manjinder Kainth, George Bartlett, and Robert Stojnic, who were PhD students at the University of Birmingham at the time. The founders experienced firsthand the challenges of providing detailed feedback to large groups of students, which inspired the creation of Graide. The business operates on a B2B model, targeting educational institutions such as universities and schools. Its revenue is generated through subscriptions to its AI-powered assessment and feedback services.
Keywords: educational technology, AI feedback, automated grading, teacher workload, student assessment, personalized learning, higher education tools, STEM education, edtech platform, assessment software