6 Bit Education Raises £800K in Funding

6 Bit Education, a Birmingham, UK-based provider of an edtech platform that automates grading, raised £800k in funding.

The funding has come from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, Mercia’s EIS funds and capital from angel investors.

The company plans to use the funds for two new jobs and to improve the platform’s features.

6 Bit Education was co-founded by Robert Stanyon and Manjinder Kaith. Graide is a software platform that allows teachers to cut down on the time required to mark science papers or maths papers. It is aimed at higher education institutions and can be used to mark both coursework and exam papers for ‘STEM’ subjects. It can not only assess the final answers, but also a student’s workings. The system, which incorporates artificial intelligence, learns an assessor’s marking style so they do not have to grade the same answer twice. Graide automates increasing amounts of feedback as the assessor looks through the paper.

Mercia brought two EdTech experts from its Non-executive director Network as part of this investment. Andrew Doyle is the Chair and Tony Austwick serves as an advisor.  Both have extensive experience in both early- and late-stage technology companies as well the education sector.

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