New Delhi: Jovian, an edtech firm focused on data science and machine learning, said on Tuesday it has raised $1.5 million in funding led by Multiply Ventures.
The round also saw participation from Y Combinator, Better Capital and angels such as Kunal Shah (founder, Cred), Phanindra Sama (cofounder, redBus), Aprameya Radhakrishna (cofounder, Koo), Christian Oestlien (director, product management, YouTube), Anand Madhavan (VP of engineering, EverLaw), Aakrit Vaish,(cofounder and CEO, Haptik), and Ankit Bhati (cofounder, Ola and Amnic).
The new funding will be used to expand the startup’s team of data science experts, improve its curriculum, and give mentorship to its growing student base. Through courses, competitions, and learning resources, the company intends to expand its engineering workforce and engage its data science community.
Founded in 2019 by Aakash N S and Siddhant Ujjain, Jovian’s flagship data science and machine learning bootcamp helps working professionals in programming or analytics transition to a career in data science.
“There is a large and growing demand for data science talent around the world, and university programmes have not been able to keep up. On the other hand, many people already have most of the skills required to become a data scientist: programming, math, and analytical thinking. So, we’ve crafted a six-month, part-time, job-oriented data science training programme for working professionals to help fill this gap,” said Aakash N S, cofounder and CEO of Jovian.
The company had raised $450,000 in 2019, led by Arka Ventures, with participation from Better Capital, SenseAI Ventures and Axilor Ventures.
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“There is a massive shortage of data science talent globally and it’s doubling every two years. The engineers, researchers, and marketers of today will be the data scientists of tomorrow as increasing automation disrupts the jobs landscape over the next five years. Jovian solves this by upskilling industry professionals into data science professionals to reduce this massive gap,” said Raveen Sastry, founding partner, Multiply Ventures.
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