Our Journey

2019
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 TestGlider
Precisely 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.

 
 
2020
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.

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 with Applyboard

July

Launched TestGlider Premium Version on July 29th.

Signed the MOU agreement with HAFS

August

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

September

As of Sep. 2021, 700,000 users from 195 countries are currently using TestGlider

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

Service Name Change (From TOEFLBANK to TestGlider)