Our Journey
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
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Selected for 'Startup Growth Technology Development Program' organized by the Korea Institute of Startup & Entrepreneurship Development.
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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
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Launched the world's first deep learning-based automated TOEFL speaking scoring engine.
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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
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Launched TestGlider Premium Version on July 29th.
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Signed the MOU Agreement with Hankuk Academy of Foreign Studies
August
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Selected for 'Online Data-Voucher Project organized by the Korea Institute of Startup & Entrepreneurship Development
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Selected for the AWS EdStart Program
September
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Service Name Change (From TOEFLBANK to TestGlider)
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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
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Became the Solution Partner of LG CNS (Databank's Speech-to-Text Service)
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Selected as the HOLON IQ East Asia Top 150 promising startup
December
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Signed a Partnership Agreement with IVY-PLAN (EdTech Company in Korea)
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Signed the MOU Agreement with the following institutions
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Kyonggi University, Office of International Affairs
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Kyungnam Foreign Language Highschool
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2022
January
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Signed the MOU Agreements with the following institutions
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Daewon Foreign Language Highschool
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Hanyang University ERICA, Office of International Affairs
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Geumgang University
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- Selected as the Technology Supplier for the AI Voucher Project (Ministry of Science and ICT)
February
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Launched TestGlider for IELTS on February 21st.
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Signed the MOU Agreements with the following institutions
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Dongduk Women's University
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Yewon Arts University
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Pai Chai University, Office of International Affairs
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Shinhan University, Office of International Affairs
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Soonchunhyang University, Office of Global Education & Exchange
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Handong Global University, Handong Education Development Center
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March
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Signed the MOU Agreements with the following institutions
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Sejong University
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Sunchon National University, Department of International Affairs and Education
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Sun Moon University, Office of International Affairs
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April
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Signed the MOU Agreements with the following institutions
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Chonnam National University
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Goyang Foreign Language High School
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Daegu University
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Jeju Foreign Language High School
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Pyoseon High School
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Hongik University
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Incheon National University
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Over 2,130,000 users from 202 countries are using TestGlider
December
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Databank raises $4M (KRW 5 billion) in Series B funding with Company K Partners, KDB, D3 Jubilee Partners, Schmidt, Gauss Ventures participating in the round. (Cumulative investment amount to KRW 9 billion)