Cerego has raised over $18 million, the bulk of it from individuals. Employing a just-in-time financing strategy has enabled us to maintain a simple capital structure with only two classes of equity: common and Series A preferred. The result is that ownership is distributed and no individual or institution has control.
Competitors
No direct competitors offer our unique combination of services. Secondary competitors include LiveMocha (exclusively language learning) and SuperMemo (memory).
Product Description
Combining cognitive and neuroscience with the social and collaborative nature of the web, Cerego empowers people to learn faster, remember longer, and manage their memory for a lifetime. Powered by personalized, adaptive learning algorithms that accelerate knowledge acquisition, www.iknow.co.jp is an open, extensible platform that enables users to re-mix the web for learning. Users can collaborate to create and share various types of content, and then gather together to learn from and with each other.
Market Opportunity
In less than a year iKnow! has grown to over 250,000 users learning English in Japan, a market where approximately 15 - 20 million learners spend over $10 billion annually just on learning English. Now expanding beyond English in Japan, the potential market for iKnow! is practically limitless.