Databank was founded in July 19th, 2019
Launched the first product, TOEFLBANK on
Selected for 'Early Stage Startup Package' organized by the Korea Institute of Startup & Entrepreneurship Development.
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'
Launched the world's first deep learning-based automated TOEFL writing scoring engine on www.toeflbank.com
Databank raises KRW 300 million in seed round with Schmidt (Subsidiary of DSC Investment) participating in the round. (Schmidt: http://schmidt.kr/#company)
86,000 users from 149 countries are using TOEFLBANK
Precisely 1 year after the first launching of the product
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) (Youtube: https://www.youtube.com/watch?v=MOdi0bgZ9eo&t=28s)
Certified as a Venture Firm
Awarded Miracle Grand Prize and Next Unicorn Prize at WKF2020 - World Knowledge Forum 'Try Everything'
Awarded Grand Prize at 2020 Startup CON
Launched the world's first deep learning-based automated TOEFL speaking scoring engine on www.toeflbank.com
TOEFLBANK has over 250,000 users from 177 countries.
Databank raises $2.7M (KRW 3 billion) in Series A funding with Company K Partners, Intervest, and KB Investment participating in the round.