EdTech startup Postmath has succeeded in raising an investment of KRW 1.86 billion with participation from Dongmoon Partners and others, pushing ahead with its leap toward becoming a global EdTech company. At the same time, by securing a large-scale amount of top-tier artificial intelligence (AI) infrastructure through a government-supported program, the company has obtained both the capital and the hardware that are essential for technical advancement.
According to sources in the related industry, on the 8th Postmath’s additional investment involving Dongmoon Partners and others has been successfully wrapped up. This round is interpreted as a strategic move that goes beyond merely securing operating funds, positioning the company for selection in the Ministry of SMEs and Startups’ key support program scheduled for the third quarter of this year, “Scale-up TIPS.”
In particular, Dongmoon Partners, which participated in this investment, is a Scale-up TIPS operator specialized in the ICT and AI sectors, and it has achieved outstanding results by bringing all five investment companies it recommended last year into the program. Through this, Postmath has undergone rigorous validation of its technological capability and business viability in the market, and it is also viewed as having secured an advantageous position for selection in Scale-up TIPS for the fall. If selected for Scale-up TIPS, the company can receive up to KRW 3 billion in R&D funding over three years.
Along with raising capital, Postmath’s capacity for AI hardware infrastructure has been significantly strengthened. This month, Postmath was selected for a high-performance computing support program and was allocated four B200 servers—for a total of 32 GPUs (total). This is an expensive setup, with the company’s self-payment of only 10% over a 3.3-month usage period exceeding KRW 80 million. Previously, in February this year, Postmath also made an aggressive investment in the top model, the B300 server, securing four servers—for a total of 32 GPUs—in advance. In effect, as an EdTech venture company, Postmath has built AI infrastructure at the highest domestic level.
This large-scale infrastructure buildup is expected to have a direct impact on the technical advancement of Postmath’s education-focused AI solutions, including its flagship “Math Assistant.” To provide student-specific data analysis and real-time feedback, enormous computing power is essential. With the introduction of high-performance GPUs, the accuracy and response speed of the solution can be dramatically improved. Industry observers expect that, by expanding its infrastructure this time, Postmath will further solidify the technological barriers separating it from competitors.
Postmath has already graduated from the TIPS (Technology Incubation Program for Startups) R&D course—an initial startup support program—with excellent ratings, and it has officially had its ability to achieve technical development goals and the commercialization potential recognized. Currently, with an organization size of more than 120 people, including contracted personnel from both Korea and abroad, it boasts a substantial scale as a single EdTech venture. Based on its proven AI math solutions and solid human resources, Postmath plans to push into overseas markets in earnest next year by taking on the “Global TIPS” program, which provides up to KRW 5 billion in support over three years.
