Symbolab

Semantic Search Engine for Math

Education & Knowledge Technologies
Acquired by Course Hero on Oct, 2020

Company Overview

Snapshot

Founded in April 2011 by Michal Avny, Lev Alyshayev, and Adam Arnon, Symbolab operates with 1–10 employees. The company secured $1.2 million across one funding round from two investors. In October 2020, Symbolab was acquired by Course Hero.

Business overview

Symbolab, developed by EqsQuest, is an advanced math education tool that leverages proprietary machine-learning algorithms to understand mathematical symbols, scientific notations, and text. The company provides automated, step-by-step solutions for algebra, trigonometry, and calculus, catering to students from middle school through college. Symbolab offers numerous smart calculators for equations, integrals, derivatives, and other mathematical functions, aiming to make scientific content universally accessible within the Education & Knowledge Technologies sector.

Strategic signal

In October 2020, Symbolab was acquired by Course Hero, a move that significantly validated its pioneering work in AI for mathematics education. This acquisition signals a strategic consolidation within the EdTech market, with larger platforms integrating specialized AI tools to enhance their offerings. For investors, this highlights the value of AI-driven educational content and the potential for successful exits in this rapidly evolving sector.

Company Intelligence Q&A

What is Symbolab's core offering?
Symbolab provides an advanced math education tool that uses machine-learning algorithms to offer automated, step-by-step solutions for algebra, trigonometry, and calculus, along with various smart calculators for mathematical functions.
When was Symbolab founded and by whom?
Symbolab was founded in April 2011 by Michal Avny, Lev Alyshayev, and Adam Arnon.
What was a significant corporate milestone for Symbolab?
In October 2020, Symbolab was acquired by Course Hero, a pioneering developer of AI for mathematics education.
How much capital did Symbolab raise?
In May 2013, Symbolab raised $1.2 million in a single funding round from investors Sprint Investment House.
Which investors participated in Symbolab's funding round?
In May 2013, Symbolab received funding from Sprint Investment House and Michael Malka.

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