iPad based e-Learning platform - Tabtor receives Rs.6 Crores in Funding
Date: Friday , July 26, 2013
Tabtor, an educational technology platform for tablet computers, has raised Rs.6 crores in seed round funding led by New Jersey based, SoundBoard Angel Fund, as well as marquee and strategic investors like Aarin Capital Partners, Sand Hill Angels, BITS Spark Angels, alongside other individual investors on an oversubscribed series seed round.
This round raise enables the New Jersey based startup to accelerate their market entry into the consumer space and support further product development. Greater emphasis will be made on making the platform scalable and accessible to multiple partners and across multiple devices.
"We are pleased to have successfully closed this round," says Raj Valli, CEO, Tabtor. "This capital provides us with the resources that will drive our expansion and place us solidly in the educational technology market – a market that is just beginning to take off". Tabtor's solution is unique because it tracks the path students take to solve problems, which allows the teacher to understand how a student arrived at the answer versus only seeing end results through test scores. Parameters such as learning velocity, confidence metric and data driven exception analysis are tracked in the program, providing an in-depth analysis of what a student does at the point of learning, similar to what a GPS like device does for tracking driving behaviors.
Valli believes education is stuck in the 19th century without existing technology tools that help teachers do their jobs more efficiently and effectively with data driven insights into student performance. Tabtor is starting their journey with the subject of mathematics and is seeing tremendous usage across many areas of education. The company is gaining customers in private schools in the U.S. and India, as well as creating a version available for tablets (currently on iPads), offering students and families tutoring opportunities from home.