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Seoul-based AI education company, formerly Riiid, offering the Santa TOEIC learning app and AI tutoring for TOEIC test prep.
Socra AI, formerly Riiid Co., Ltd., was founded in 2014 and is based in Seoul, South Korea. It provides AI technology for the TOEIC education market, including the Santa TOEIC mobile app with online lectures, explanations and an AI tutor, and it generates revenue through product subscriptions. In May 2021 the company raised USD 175 million in a Series E led by SB Investment Advisers, bringing its total funding to USD 237.44 million. CEO YJ Jang leads the company, which has more than 3 million users.
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