Ed-tech start up GreyAtom, has raised a $1M funding round led by early-stage fund Pravega Ventures.
GreyAtom is a bootcamp style immersive learning program for Data Science, Machine Learning and AI. Aspirants learn technologies for future by working on REAL problem statements and datasets from GreyAtom’s industry partners. Learn = Do Real work is their mantra. At the heart of student learning is Commit.Live, a homegrown cloud based learning platform that ensures that learning stays practice centered, personally meaningful and social at the same time.
Commit.Live empowers the student with deep insight into the qualitative aspects of project work done with metrics like competency maps, code efficiency and adherence to industry standards. In little under an year, GreyAtom has onboarded 35 companies to be Industry Partners, empanelled 41 Certified Instructors and processed over 450 students under various programmes.
GreyAtom is founded by Shweta Doshi, Mitul Thakkar and Mayuresh Shilotri in February 2017.
Previously, Mitul and Mayuresh co-founded Customer360 a company in Customer Engagement Management space, which was acquired by NASDAQ listed Indianapolis, U.S. based-Interactive Intelligence in Nov ‘15, while Shweta worked as Associate Director at Nielsen.
Shweta is an engineering graduate from V.J.T.I., Mumbai. Mayuresh is an alumnus of IIT Madras and Mitul has graduated with a Master’s degree in Computer Science from State University of New York (SUNY),
“Modern employers are interested whether a prospective hire will be able to solve it’s real world problem and less concerned with pedigree. As a result, learning outcomes become more critical when teaching engineering disciplines. A mix of
online-offline blended approach is the way forward. We have built a product
Commit.Live where the students login to solve real-world problems based on real data provided by industry partners. Not just a single faculty but the whole ecosystem is harvested for the benefit of aspirants” said Mitul Thakkar, Co-Founder of GreyAtom.
“Commit.Live brings a fresh perspective to education by enabling a compelling learning experience. Commit.Live balances the adherence of traditional training and mixing
best of modern academia. Team at GreyAtom is experienced and fanatic about driving learning outcomes for Students and Organizations looking to upskill workforce.”said Rohit Jain, Partner at Pravega Ventures.
Pravega Ventures was founded in 2016 by Mukul Singhal and Rohit Jain. The fund provides seed and pre-series A stage capital to startups. The VC fund has previously invested in companies like Silicon Valley-based big data startup Innovaccer Inc, AI driven expense management company Fyle among other companies.
EdTech Startup Space in India –
The Ed-Tech sector in India is seeing lot of traction off late, as in recent months number of funding and M&A took place. Just last week, Bengaluru-based enterprise platform for educational institutions CollPoll has raised its pre-series A funding round led by Manipal Global Education Services [MaGE].
In November 2017, AEON Learning Private Limited, which is backed by Kris Gopalkrishnan, acquired Acadgild, an online edtech startup, for $10 million in an all stock deal.
In the same month, an another edtech startup Perspectico raised seed funding from Delhi University and Government of Delhi Incubator.
Additionally, AICTE tied-up with Fourth Ambit, a Kerala-based edtech startup, to connect over 10,000 tech insitutes across India through online portals.