Our Journey

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Over the past three years...

2019

2020

July

Databank was founded in July 19th, 2019

Launched the first product, TestGlider

September

Selected for 'Early Stage Startup Package' organized by the Korea Institute of Startup & Entrepreneurship Development.

October

Selected for 'Startup Growth Technology Development Program' organized by the Korea Institute of Startup & Entrepreneurship Development. This is Databank's second Government project. Awarded Grand Prize at 'SW 3 Day Startup Idea Contest'

February

Launched the world's first deep learning-based automated TOEFL writing scoring engine 

April

Databank raises KRW 300 million in seed round with Schmidt (Subsidiary of DSC Investment) participating in the round. (Schmidt: http://schmidt.kr/#company)

May

86,000 users from 149 countries are using TestGliderPrecisely 1 year after the first launching of the product

June

Selected as a tech startup for TIPS (Accelerator Investment-Driven Tech Incubator Program for Startup) and received Gov't funds (KRW 700 million) (TIPS: http://www.jointips.or.kr/global) 

August

Certified as a venture firm

September

Awarded Miracle Grand Prize and Next Unicorn Prize at WKF2020 - World Knowledge Forum 'Try Everything'

October

Awarded Grand Prize at 2020 Startup CON

November

Launched the world's first deep learning-based automated TOEFL speaking scoring engine. TestGlider has over 250,000 users from 177 countries.

2021

April

Databank raises $2.7M (KRW 3 billion) in Series A funding with Company K Partners, Intervest, and KB Investment participating in the round. ( Cumulative investment amount to KRW 4.5 billion)

May

Selected for 'Startup Leap Package' organized by the Korea Institute of Startup & Entrepreneurship Development and received Gov't funds (KRW 300 million).

June

Signed a Recruitment Partnership Agreement with Applyboard

July

  • Launched TestGlider Premium Version on July 29th.

  • Signed the MOU Agreement with Hankuk Academy of Foreign Studies

August

  • Selected for 'Online Data-Voucher Project organized by the Korea Institute of Startup & Entrepreneurship Development

  • Selected for the AWS EdStart Program

September

  • Service Name Change (From TOEFLBANK to TestGlider)

  • Awarded Grand Prize at the 6th E-Learning & EdTech Business Model Contest

October

​Signed the MOU Agreement with the Office of International Affairs., Kyung Hee University

November

December

  • Signed the Partnership Agreement with IVY-PLAN (EdTech Company in Korea) 

  • Signed the MOU Agreement with the following institutions

    • Office of International Affairs, Kyonggi University

    • Kyungnam Foreign Language Highschool

  • Over 1,200,000 users from 202 countries are using TestGlider

2022

January

  • Signed the MOU Agreement with the following institutions

    • Daewon Foreign Language Highschool

    • Office of International Affairs, Hanyang University ERICA