Singaporean edtech startup Higgz Academia Technology Pte is in talks with potential investors to raise fresh funding at a $100M valuation.
According to reports, Higgz aims for a fundraising round equivalent to
the $20M from two years ago. Higgz will use the proceeds to roll out
subscription services and expand into STEM subjects by 2024.
- Matrix Partners and Qiming Venture Partners provided the $20M funding two years ago.
- Higgz's TutorEva platform leverages AI to provide step-by-step solutions to math problems.
- The platform uses computer vision to identify math problems from scanned photos.
- The
firm is looking to capitalize on the hype surrounding generative AI
tools, such as OpenAI's ChatGPT, as it incorporates the chatbot into its
TutorEva platform by next month.
- With ChatGPT-4, the platform will be able to provide human-like responses to problems.
