Seoul, Korea – Algorima, an AI-focused education company, and Inganam, a human sciences education company, have entered into a Memorandum of Understanding (MOU). This will secure future opportunities for Korean startups to pioneer the SEA education market.
Algorima, an AI-focused education company, has signed an MOU with India’s Inganam to form a partnership.
Algorima plans to incorporate its own product, Easydeep, into Inganam’s remote classes and engage in joint marketing initiatives to promote brand awareness worldwide.
EasyDeep is an educational tool service developed by Algorima Co., Ltd that allows anyone without coding knowledge to easily learn the concept and mechanism of AI. With only the drag & drop use of a mouse, even non-AI majors can execute AI models.
India accounts for the second-largest education market in the world. With this agreement, Algorima will serve as the barometer for other Korean AI startups expanding overseas. Kim Young-wook, CEO of Algorima, said, “This agreement gives us an opportunity to pioneer the Southeast Asian education markets, such as India, Vietnam, and Singapore, which are developing as or represent a major consumer market, and there are many more venues for expansion for Korea’s AI services.”
Inganam is a STEM (Science, Technology, Engineering, & Mathematics) education company that has branches throughout India, such as Chennai, Bangalore, and Dindigul, where you can experience science teaching tools offline.
Algorima is a leading AI education company with outstanding achievements, such as being appointed to Shinhan Futures Lab a month after its founding in February 2019 and securing seed investment from Mashup Angels in February 2020. In November, the company also won the AI Championship Naver Challenge hosted by the Ministry of SMEs and Startups. Under the vision of AI for all, the company is committed to increasing the public’s access to AI education through Easydeep’s development.
Contact: Min Se-hee