Numerade

Numerade

Online platform for STEM education solutions

About

Numerade provides educational resources specifically for students studying STEM subjects, including science, technology, engineering, and mathematics. The platform offers a range of services such as step-by-step video solutions to textbook problems, comprehensive bootcamps that mimic semester-long courses, and a feature called SnapSolve, which allows students to take a picture of a question and receive an instant video explanation. This makes it easier for students to understand complex topics quickly. What sets Numerade apart from its competitors is its extensive library of video content created by a team of 1,700 PhDs and teaching assistants, ensuring high-quality and accurate educational material. The company operates on a subscription model, allowing students to access a wide array of resources, while also offering a freemium option for limited free access. Numerade aims to improve academic performance, with a reported 97% of users experiencing better grades in their studies.

Company Stage

Series A

Employees

501-1,000

Industries

Consumer Software, Education

Total Funding

$25.3M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • Numerade's partnerships with educational institutions and initiatives like free access for LAUSD students demonstrate a strong commitment to educational equity and community impact.
  • The launch of innovative features like AceChat and Study Groups highlights Numerade's focus on interactive and personalized learning experiences.
  • A $100 million valuation underscores investor confidence and the company's potential for significant growth in the EdTech market.

What critics are saying

  • The competitive EdTech market requires continuous innovation to maintain differentiation and market share.
  • Reliance on a subscription-based model may limit accessibility for students from lower-income families, despite freemium offerings.

What makes Numerade unique

  • Numerade's SnapSolve feature offers instant video solutions to complex STEM problems, setting it apart from traditional text-based solutions.
  • The integration of generative AI, such as Ace Images, enhances learning by providing AI-generated visual aids, a unique offering in the EdTech space.
  • Numerade's extensive library of over 3 million videos created by 1,700 PhDs and teaching assistants ensures high-quality, expert-verified content.

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Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-17%

2 year growth

-32%

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