EdTech startup Jovian secures USD 1.5 million in seed funding

An educational technology company that focuses on data science and machine learning. Jovian just announced a seed round of funding of USD 1.5 million.

Multiply Ventures led the round, with Y Combinator, Better Capital, and prominent angel investors including Kunal Shah (Founder, CRED), Phanindra Sama (Co-founder, redBus), Aprameya Radhakrishna (Co-founder, Koo), Christian Oestlien (Director, YouTube Product Management), Anand Madhavan (VP of Engineering, EverLaw), AakritVaish (Co-founder and CEO, Haptik), Ankit B (Co-founder, Ola &Amnic). The additional funding will be utilised to increase their team of data science specialists, which will help them improve their curriculum and provide mentorship to their growing student body. Through courses, competitions, and learning resources, the organisation intends to expand their engineering workforce and engage their data science community.

Commenting on the announcement, Aakash N S, Co-founder and CEO of Jovian, said, “There is a large and growing demand for data science talent around the world, and university programs have not been able to keep up. On the other hand, many people already have most of the skills required to become a data scientist: programming, math, and analytical thinking. So, we’ve crafted a 6-month part-time job-oriented data science training program for working professionals to help fill this gap.”

Raveen Sastry, Founding Partner, Multiply Ventures said, “There is a massive shortage of data science talent globally and it’s doubling every 2 years. The engineers, researchers, and marketers of today will be the data scientists of tomorrow as increasing automation disrupts the jobs landscape over the next five years. Jovian solves this by upskilling industry professionals into data science professionals to reduce this massive gap. Upskilling is a continuous process  and it’s a core tenet of our investment strategy at Multiply ventures.”

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