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Reliance Industries to invest $180 million in AI-based education platform Embibe

April 13, 2018

Reliance Industries Limited (RIL) will invest $180 million into Bengaluru-based online education platform Embibe, run by Indiavidual Learning over the next three years.

In a stock market disclosure, RIL stated that through the strategic investment, it aims to form India’s largest Artificial Intelligence (AI) based platform. Further, the investment in Embibe underlines Reliance’s commitment to growing the education sector in India and the world and making education accessible to the widest possible group of students by deploying technology, RIL said. RIL aims to connect more than 1.9 million schools and 58,000 universities across India with AI technology.

Embibe has built an AI-based education platform that uses data analytics to deliver personalised learning to students. The company, however, plans to use the new fund to deepen its investment in research and development on AI in education. Further, Embibe will use the investment to fund business growth and geographic expansion catering to students across K-12, higher education, professional skilling and vernacular languages worldwide.

 
 

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