Ed-tech startup sAInaptic has raised £1 million, equal to about $1.3 million, to expand its AI-assisted assessment marking technology.
The round was co-led by Cornerstone VC and Ufi Ventures, with participation from Elm Venture Partners and Brighteye Ventures.
The funding will push the product beyond marking and feedback into quality assurance, analytics, and personalized assessments, the company said. It will also support the growth of the engineering, product, and sales teams.
Founded by Cambridge-trained educators and data scientists Kavitha Ravindran and Rajeshwari Iyer, U.K.-based sAInaptic builds AI tools that help exam boards and training providers assess vocational and professional qualifications, involving short answers, essays, reports, and professional discussions.
The funding comes alongside a partnership with assessment software provider Skilltech Solutions, which will make the technology available to some of the U.K.'s largest apprenticeship assessment organizations, the company said.
The joint offering will start with portfolio evaluation across selected apprenticeship standards and is expected to launch in the first quarter of 2027.
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ByteXL Secures $9M. Indian ed-tech startup ByteXL has raised $9 million in a funding round led by Elevar Equity, with participation from Kalaari Capital and The Michael and Susan Dell Foundation.
The investment builds on the firm’s $5.9 million Series A funding round in July 2024, which was led by Kalaari Capital, with participation from the Dell Foundation.
The company is planning to scale its hybrid model, which assists students in building industry-relevant skills alongside their engineering education, officials said. They also aim to expand from 40 to 120 institutions across India in two years and to strengthen its AI-led learning platform, academic capabilities, and skilling programs.
Founded by Karun and Sricharan Tadepalli, ByteXL works with engineering colleges to incorporate industry-relevant technology and AI learning.
“Over the last few years, we have grown from establishing our model with engineering institutions to building a scalable business in the skilling space,” said Karun Tadepalli, co-founder and CEO of the company. “As we enter our next phase of growth, our focus will be on … building ByteXL into a larger and more impactful player in India’s technology education ecosystem.”
Alexandria Ng is a staff writer for EdWeek Market Brief. She covers product development and innovation, including topics such as educational technology, data privacy, and artificial intelligence. She has a background in business journalism and was a former participant in the Dow Jones News Fund digital media program.