Riiid
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| ISIN | 🆔 |
|---|---|
| Founded 📆 | 2014 Seoul, South Korea |
| Founder 👔 |
|
| Headquarters 🏙️ | , , |
Area served 🗺️ | South Korea, Japan, USA |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Riiid is an artificial intelligence education company founded in 2014.[1][2] The company is based in Seoul, Korea, with a subsidiary, Riiid Labs, in Silicon Valley, California.[3]
Riiid is one of a number of companies commercializing intelligent tutoring systems based on deep learning.[4] These systems use machine-learning algorithms, such as recommender systems, which are more commonly used by companies like Amazon or Netflix to recommend content to users based on those users' viewing or purchasing history. In Riiid's case, the algorithm is used to recommend educational content to students based on those students' interaction with Riiid's system.
In addition to the recommender system, Riiid uses Bayesian Knowledge Tracing to track student progress and a score prediction algorithm to perform continuous assessment of students in real time.
Riiid launched a mobile application, Santa for TOEIC[5], in August 2017 to help students prepare for the Test of English for International Communication, which is widely used in Asia to assess English language proficiency.
Riiid has raised over $248 million from SoftBank Vision Fund[3][6], Korea Development Bank, NVESTOR, Intervest, and IMM Investment.[7]
In 2020, the company publicly released EdNet[8], a dataset of more than 131 million student interactions with 784,309 individual students from Santa for TOEIC.[9][10][11]
Later that year, company launched a competition on Google's Kaggle platform to improve knowledge tracing algorithms using the EdNet dataset.[12][13] The challenge had a $100,000 prize pool.[14] Chief advisor to the challenge was Paul Kim. The competition was won by SeungKee Jeon, a Kaggle Competition Grandmaster and Deep Learning Engineer at Samsung Electronics.[15][16]
Product[edit]
Riiid has struggled to generalize its product due to the difficulty in collecting data from students outside Korea. It has developed a system called RIIID Tutor[17], available as a content-agnostic platform and its technology is also available through an application programming interface for integration into other platforms. But lack of training data for different subjects and regions has hampered sales.
Like Santa for TOEIC, RIIID Tutor works as a personal tutor using a set of algorithms that track student performance, predict student scores, recommend content and anticipate when students are losing interest and about to drop out.[18][19][20][21]
In January 2023, the company will launch an SAT and ACT test prep product in the United States.
References[edit]
- ↑ "AI's Helping Students Improve Their Scores In Less Than 24 Hours". Forbes. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "About". Riiid. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ 3.0 3.1 "Here's the pitch deck South Korean startup Riiid used to raise $42 million to build AI-powered education technologies". Business Insider. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "tech transforming education". CBInsights. 8 March 2022. Retrieved 11 March 2022. Unknown parameter
|url-status=ignored (help) - ↑ "AI Tutor Solution Development Company Riiid Takes Aim to Build Leading Token Economy in the Test-Prep Market". AIthority. 4 March 2019. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Riiid raises $41.8 million to expand its AI test prep apps". VentureBeat. 23 July 2020. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "In brief: Korea's Riiid raises US$41.8M; EF unveils 7th Singapore cohort". e27. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Riiid to Establish Open Source AI-Education Database 'EdNet'". KoreaTechToday. 7 January 2020. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ Choi, Youngduck; Lee, Youngnam; Shin, Dongmin; Cho, Junghyun; Park, Seoyon; Lee, Seewoo; Baek, Jineon; Bae, Chan; Kim, Byungsoo; Heo, Jaewe (2020). EdNet: A Large-Scale Hierarchical Dataset in Education. Springer. Lecture Notes in Computer Science. 12164. pp. 69–73. doi:10.1007/978-3-030-52240-7_13. ISBN 978-3-030-52239-1. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help); Unknown parameter|s2cid=ignored (help) Search this book on
- ↑ "riiid/ednet". GitHub. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ Choi, Youngduck; Lee, Youngnam; Shin, Dongmin; Cho, Junghyun; Park, Seoyon; Lee, Seewoo; Baek, Jineon; Bae, Chan; Kim, Byungsoo; Heo, Jaewe (2019). "EdNet: A Large-Scale Hierarchical Dataset in Education". arXiv:1912.03072 [cs.CY].
- ↑ "Riiid Hosts a Global AIEd Challenge Using the World's Largest Education Dataset to Accelerate Innovation in AI Education". AIthority. 6 October 2020. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Riiid AIEd Challenge 2020". Kaggle. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Riiid Announces $100,000 Kaggle Competition Using EdNet- World's Largest Education Dataset". Analytics India Magazine. 6 October 2020. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "RAI education competition winners revealed". thepienews. 11 February 2021. Retrieved 11 March 2022. Unknown parameter
|url-status=ignored (help) - ↑ Jeon, SeungKee (10 February 2021). "Last Query Transformer RNN for knowledge tracing". arXiv:2102.05038.
- ↑ "The 10 most innovative education companies of 2022". FastCompany. 8 March 2022. Retrieved 11 March 2022. Unknown parameter
|url-status=ignored (help) - ↑ "How Riiid! is Helping to Bring in New Era of AI-Education". Unite.AI. 2 June 2020. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ Smith, Craig S. (18 December 2019). "The Machines Are Learning, and So Are the Students". The New York Times. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Riiid: Disrupting education with AI, one test at a time". AI Business. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Riiid's AI Study on Session Dropout Prediction in a Mobile Learning Environment Has Been Accepted at CSEDU". AIthority. 27 February 2020. Retrieved 8 January 2021. Unknown parameter
|url-status=ignored (help)
External links[edit]
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