ByteXL Secures $5.9 Million in Series A Funding Round

Edtech start-up byteXL secures $5.9 million in Series A round

Edtech start-up byteXL has secured $5.9 million in a Series A funding round led by venture capital firm Kalaari Capital along with the Michael and Susan Dell Foundation. The new capital will be used for team expansion, product development, introduction of new digital tools and technologies and outreach to more colleges and universities across the country, byteXL said in a release. "The funding will boost our confidence in empowering engineers of tomorrow with cutting-edge skills and technologies and help us bridge the gap between academia and industry at a faster pace," CEO and co-founder Karun Tadepalli said. byteXL has partnered with atleast 26 colleges and universities across India, training more than a lakh student in various software technologies, including programming, emerging technologies like cybersecurity, full stack development and cloud technologies. It recently announced a collaboration with Microsoft to introduce a new B.Tech CSE course in Artificial Intelligence and Machine Learning, designed to meet current industry demands. Read Comments

byteXL raises $5.9 m in Series-A round

Edtech startup byteXL has raised $5.9 million in Series A funding, led by Kalaari Capital and the Michael and Susan Dell Foundation. byteXL said it would use the funds to expand its team to support its expanding operations to improve the existing products and develop new digital tools and technologies. "We will also forge partnerships with more colleges and universities across the country," Karun byteXL CEO and Co-Founder Karun Tadepalli has said. "We're not just teaching coding. This funding will boost our confidence in equipping young engineers with latest skills and technologies. It will help in bridging the gap between academia and industry at a faster pace," he said. The platform has collaborated with over 26 colleges and universities, providing training in latest software technologies to more than one lakh students. This has resulted in improved placement rates and increased student enrollment for partner institutions, he said. The startup recently collaborated with Microsoft to introduce a new B.Tech CSE course in Artificial Intelligence and Machine Learning, designed to meet current industry demands. Also read: Icanheal raises ₹15 crore in seed round funding from IvyCap Ventures SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on July 18, 2024

Edtech startup ByteXL bags $5.9 million funding in round led by Kalaari Capital

The Michael and Susan Dell Foundation participated in the round. The funds will be used to expand the team, speed up product development, roll out new digital tools and technologies, and reach out to more colleges and universities in India.Edtech firm ByteXL has raised $5.9 million in a funding round led by early-stage venture capital firm Kalaari Capital as the lead investor, along with the Michael and Susan Dell Foundation. The funds will be used for expanding the team, advancing product development, rolling out new digital tools and technologies, and expanding outreach efforts to more colleges and universities across the country. Founded in 2020 by Karun Tadepalli and Sricharan Tadepalli, the Hyderabad-based company partners with colleges and industry to integrate curriculum, content, and practical learning for engineering students. The company provides training in various software technologies including programming, emerging fields like cybersecurity, full stack development, cloud technologies, etc. "This funding will boost our confidence in empowering engineers of tomorrow with cutting-edge skills and technologies and help us bridge the gap between academia and industry at a faster pace," said chief executive Tadepalli. ByteXL has so far partnered with over 26 colleges and universities across India. The company claims to have trained more than 100,000 students. Recently, ByteXL partnered with Microsoft to introduce a new BTech CSE course in artificial intelligence (AI) and machine learning (ML). On July 15, ET reported that new positions for data analysts, AI specialists and ML engineers have risen by 100% year-on-year (YoY), across both entry-level and experienced roles. Commenting on the investment, Sampath P, partner at Kalaari Capital, said, "Engineering schools in India and other markets are evolving to maintain high standards of curriculum, pedagogy and industry readiness in technology disciplines that are rapidly evolving. This need, accelerated by rapid progress in AI, is a critical problem to solve to enable students to succeed in the next generation of technology jobs." "ByteXL is transforming the teaching and learning of engineering colleges in India. By bridging the gap between academia and industry, it is set to make a significant impact on the lives of students in tier II and tier III cities," said Sanjay Modi, senior director at the Michael and Susan Dell Foundation.