Riiid
A deep look at Riiid's finances, team, and market position in the AI Education space.
Awaira Score
Out of 100
HQ
South Korea
Founded
2014
Raised
$220M
Stage
Series D
Team
100-500
About Riiid
Riiid develops AI-powered adaptive learning and test preparation technology, most notably the Santa TOEIC app, which uses reinforcement learning and knowledge tracing algorithms to personalise English proficiency test preparation for individual learners based on their demonstrated strengths and weaknesses. The Seoul company builds AI models that predict which questions each student should…
Key Facts
- Riiid is valued at $1B as of March 2026.
- Riiid has raised a total of $220M in disclosed funding across 1 funding rounds.
- Riiid was founded in 2014 by Jang Young-jun and is headquartered in South Korea.
- Riiid employs approximately 100-500 people.
- Riiid operates in the AI Education category and is currently at the Series D stage.
- Riiid has an Awaira Score of 80/100, ranking it among the highly notable AI companies on Awaira.
- Riiid's most recent funding round was a Series D of $175M closed in November 2021, led by SoftBank Vision Fund 2.
Source: Awaira · Updated Mar 24, 2026
Valuation
$1B
Post-money
Total Raised
$220M
All rounds
Awaira Score
80/100
Founded
2014
100-500 employees
Strengths & Risks
Strengths
Elite Awaira Score of 80/100
Large team of 100-500+ employees
Established market presence (founded 2014)
Analysis based on publicly available data. Not investment advice.
Awaira estimate based on public data. Not financial advice.
How does Riiid stack up against competitors?
Competitor Comparison
| Metric | ★Riiid | Duolingo | Physics Wallah AI | Quizlet |
|---|---|---|---|---|
| Awaira Score | 80/100 | 92/100 | 90/100 | 75/100 |
| Total Raised | $220M | $183.3M | $275M | $62M |
| Valuation | $1B | $5.2B | $2.8B | $1B |
| Stage | Series D | Public | Public | Private |
| Founded | 2014 | 2011 | 2020 | 2005 |
| Employees | 100-500 | 850 | 1000+ | 500 |
| Country | 🇰🇷 | 🇺🇸 | 🇮🇳 | 🇺🇸 |
Investors in Riiid
Funding Rounds
InactiveLed by SoftBank Vision Fund 2
$175M
Nov 2021
Riiid Latest News
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