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
Service Name Change (From TOEFLBANK to TestGlider)
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