Education
AI Tutoring Startup SigIQ.ai Raises $9.5m to Democratize Elite Education
By Adedapo Adesanya
Berkeley-based startup, SigIQ.ai, has emerged from 18 months of stealth with $9.5 million in funding to transform education through personalized AI tutoring that delivers elite-level instruction at affordable cost.
SigIQ.ai’s AI tutor came into consciousness when it took India’s UPSC civil service exam last June and achieved the highest score in the exam’s history, beating 1.3 million human candidates in under 7 minutes.
The seed round was co-led by House Fund and GSV Ventures, with participation from Duolingo, General Catalyst India (Venture Highway), Peak XV Partners (formerly Sequoia India), Calibrate Ventures and angel investors, such as Mr Andy Konwinski (Co-founder, Perplexity), Mr Christian Storm (Co-founder & CTO, Turnitin), Prof. Trevor Darrell (Berkeley AI Research, UC Berkeley), Prof. Jitendra Malik (Berkeley AI Research, UC Berkeley), Prof. Srini Devadas (MIT), Prof. Sharad Malik (Princeton) and others.
According to a statement shared with Business Post, the investment will accelerate hiring top talent, enhancing AI models, and scaling platforms to educational systems worldwide.
SigIQ.ai’s technology directly addresses “Bloom’s Two-Sigma Problem” – the research finding that students receiving one-on-one tutoring perform two standard deviations better than those in traditional classrooms.
According to the company, this educational disparity has persisted for decades, with personalized tutoring remaining a luxury reserved for the privileged few. The company’s revolutionary approach shifts the cost of personalization from human labor to AI computation, making world-class instruction accessible at unprecedented scale.
“We’re at a pivotal moment in education where modern GenAI can provide a personal 1:1 tutor to every student and reduce the cost of one-on-one learning from hundreds of dollars an hour to the cost of computation,” said Dr Karttikeya Mangalam, CEO and co-founder of SigIQ.ai noted.
“We’ve started by first creating a tutor that itself can ace the very exam students are preparing for. This is a necessary step to ensure accuracy and quality in teaching delivered. And will set a new benchmark in personalized education, making the highest-quality education accessible to everyone, regardless of geography or socioeconomic status, at a fraction of the traditional cost,” he added.
The company was founded in July 2023 by Dr Karttikeya Mangalam and Professor Kurt Keutzer, a distinguished Professor in the Berkeley AI Research (BAIR) Lab.
Growing up in Muzaffarpur, Bihar – a region where educational opportunities are limited – Dr Mangalam experienced firsthand the stark divide between small-town India and elite Western academic institutions. After completing his education at IIT Kanpur and then at UC Berkeley, he founded SigIQ.ai to democratize access to world-class education globally.
In just 18 months, SigIQ.ai has launched two products with remarkable traction. PadhAI, focused on UPSC exam preparation in India, has attracted over 200,000 learners in just six months. On June 16, 2024, moments after the actual 2-hour UPSC Prelims exam had finished, PadhAI’s AI tutor solved the entire paper in a live demonstration in under 7 minutes at The Leela in Delhi. It achieved a score of 175/200 – not just the highest score in 2024, but the highest score ever achieved in UPSC prelims history, far exceeding the typical qualifying score of 100/200. This historic achievement was covered by over 70 news outlets across India, including The Hindu and The Times of India.
The company’s newer offering, EverTutor.ai, designed for GRE preparation in the US market, has already gained more than 10,000 users since launching three months ago.
“SigIQ.ai isn’t just a regular EdTech startup — they’ve built an AI system that publicly demonstrated its ability to outperform both humans and leading commercial AI models on one of the world’s most challenging exams. This redefines what’s possible in personalized education,” said Mr Jeremy Fiance, Managing Director of The House Fund.
The company said SigIQ.ai is different from other educational AI tools in its approach to personalization. Unlike basic conversational AI that offers scripted or limited interactivity, SigIQ’s systems are highly interactive, responsive to follow-up questions, and capable of personalized instruction and feedback – not just chat.
Sharing some results, it said the technology replicates the behavior of a real tutor. Students using the platform report a 30-40 per cent increase in effective study hours while improving performance by 18 per cent in the first month, with over 75% feeling more confident tackling difficult topics within just three weeks.
Looking ahead, SigIQ.ai plans to expand its reach with EverTutor, supporting more GRE takers in the upcoming spring and fall and beyond standardized tests, SigIQ.ai envisions a future where their technology transforms education broadly, creating a new era where high-quality learning isn’t limited by geography, language, or economic status.
Education
Hallos Launches Learning247 Summit
By Adedapo Adesanya
Live-learning and creator-economy platform, Hallos, as part of its expansion drive, has unveiled plans to equip millions of youths and women with digital skills and monetisation opportunities through the Learning247 Hallos Summit, aimed at integrating Nigeria’s South-East into the rapidly expanding global creator economy.
At a sensitisation and stakeholder engagement forum in Enugu, the organisation also called for stronger strategic partnerships with government agencies, educational institutions, development organisations, media houses and private-sector stakeholders to advance the creator economy as a credible engine for mass employment, youth prosperity and inclusive economic growth.
The chief executive of Hallos, Mr Alexander Oseji Uzoma, renewed the call for increased investment in internet penetration, reliable power supply, digital infrastructure, creative studios and youth-focused innovation hubs across Nigeria, especially the South-East.
Describing the creator economy as one of the most accessible and scalable employment frontiers globally, he noted that with basic tools such as a smartphone, internet access and creative skills, young people can build audiences, monetise knowledge and generate sustainable income without heavy capital investment or long career pathways.
According to Mr Uzoma, the creator economy offers low-barrier entry into diverse professions, including content creation, social media influencing, live tutoring and digital coaching, video production, podcasting, graphic design, music and performance arts, digital marketing, merchandise design, e-commerce and community management. These activities support a broader value chain spanning production, distribution, technology and management.
The Hallos co-founder also explained that global projections place the creator economy in the hundreds of billions of dollars, with millions of creators worldwide earning sustainable incomes, stressing that Hallos is focused on localising these opportunities to ensure African youths can participate meaningfully and compete globally.
He further noted that Hallos operates a live-learning and creator-focused platform that integrates education, gamified quizzes, merchandising and voluntary fan donations into a single ecosystem. Through the platform, creators can host live learning sessions and masterclasses, earn from quizzes and challenges, sell branded merchandise, receive voluntary donations, build communities around their expertise and organise monetisable podcasts.
Mr Uzoma said the creator economy, driven by social media platforms, streaming services, digital commerce and content monetisation tools, has evolved into a major global industry capable of generating wealth, creating jobs and expanding export earnings.
He stressed that social media should no longer be viewed as a recreational space but as a viable business environment for wealth creation.
“The focus should not just be on content creation alone but on building businesses around content. It is about value creation and structured digital entrepreneurship,” he said.
He disclosed that Hallos intends to reach about 10 million youths nationwide, with over 5,000 already engaged across its programmes, while placing strong emphasis on bridging the gender gap by empowering women and girls through targeted digital training, mentorship and access to monetisation platforms.
As the digital economy continues to expand, Hallos said the creator economy stands out as a practical and scalable solution to youth unemployment, offering low entry barriers and global earning potential.
The company reaffirmed its commitment to bridging the gap between talent and income, enabling young Africans to earn well above minimum wage through creativity, knowledge and structured participation in the global digital economy.
Education
Bayero University PG Students to Enjoy Dangote’s N1.5bn Scholarship
By Modupe Gbadeyanka
Post-graduate students of Bayero University Kano (BUK) will benefit from a scholarship worth about N1.5 billion from the Aliko Dangote Foundation (ADF).
The businessman put down the funds to support eligible MBA, entrepreneurship, and management postgraduate students of the institution under an initiative known as MHF Dangote Graduate Business Scholarship.
At a ceremony on Tuesday, the foundation and the school signed a Memorandum of Understanding (MoU) at the auditorium of the Dangote Business School, Kano.
The deal is to provide N300 million annually over five years as scholarship awards to the beneficiaries, who will receive N150,000 each per session, beginning with the 2024/25 academic session. This is equivalent to 50 per cent of the current N300,000 fee paid by the post-graduate students. There are 1,225 students in the Business School (696 fresh and 529 returning students).
One of the beneficiaries, Mr Khalid Bababubu, who is into manufacturing and specialises in MBA, Finance and Investment, thanked the organisation for the gesture.
“We are happy to be beneficiaries of this initiative. Education is the bedrock of national development, and we will not take this scholarship for granted,” he said.
A representative of ADF, Ms Mariya Aliko Dangote, said, “Our vision at the Foundation is to build human capital that translates into economic opportunity.
“Strengthening business and entrepreneurship education is critical to turning knowledge into enterprise, innovation, and jobs. This scholarship deepens our commitment to Dangote Business School by investing directly in the next generation of business leaders and change-makers.”
On his part, the Vice Chancellor of Bayero University Kano, Prof. Haruna Musa, said, “This support comes at a critical time for many families. Beyond financial relief, it strengthens the Business School’s role as a centre for developing entrepreneurial and management talent, particularly for women who are increasingly taking leadership roles in enterprise.”
It was explained that newly admitted students will receive automatic tuition reductions during registration, and returning students who have already paid in full will receive rebates. The N300 million allocation is structured to cover all eligible postgraduate students based on current enrolment capacity.
Any unutilised balance in the first year will be retained within the Dangote Business School development envelope to strengthen learning infrastructure and digital academic capacity, ensuring continued enhancement of the academic environment.
The MHF Dangote Graduate Business Scholarship is distinct from ADF’s recently announced nationwide STEM education interventions.
Education
Entries for InterswitchSPAK 8.0 Begin, Over N40m up for Grabs
By Aduragbemi Omiyale
Senior secondary school students across Nigeria have been invited to apply and demonstrate their academic excellence on a national stage in the eighth edition of the prestigious national science competition known as InterswitchSPAK.
The contest is organised by Interswitch, Africa’s leading technology company focused on creating solutions that enable individuals and communities prosper.
Registration for InterswitchSPAK 8.0 via www.interswitchspak.com has opened and will close on Friday, May 24, 2026. For the first time, in addition to group registrations through schools, parents can also register their individual children for the competition.
This year’s edition features a scholarship pool exceeding N40 million, with Interswitch expanding the prize structure to ensure broader impact.
The overall winner will receive a N15 million tertiary scholarship, including monthly stipends. The first runner-up will be awarded a N10 million scholarship, including monthly stipends; while the second runner-up will receive a N5 million scholarship, also including monthly stipends. All scholarships are payable over 5 years. Also, the top 9 finalists will all receive brand new laptops and other exciting prizes.
In addition to the top prizes, Season 8 introduces enhanced rewards for student finalists ranked 4th to 9th, as well as increased recognition for teachers supporting qualifying students from 1st to 9th place. This expanded structure reinforces Interswitch’s commitment to rewarding academic excellence and recognising the critical role educators play in shaping student success.
“At Interswitch, we strongly believe that Nigeria’s future will be shaped by how well we nurture today’s young minds. InterswitchSPAK goes beyond competition; it is a long-term commitment to empowering students and supporting teachers who are laying the foundation for innovation, problem-solving, and national development.
“As we launch Season 8, we remain focused on creating opportunity, rewarding merit, and inspiring excellence across Nigeria,” the Executive Vice President for Group Marketing and Communications at Interswitch, Ms Cherry Eromosele, said.
Designed to empower young minds in the Science, Technology, Engineering, and Mathematics (STEM) areas, InterswitchSPAK identifies, nurtures, and rewards students while equipping them with the skills and knowledge required to excel in STEM fields and drive innovation.
Over the past seven seasons, InterswitchSPAK has positively impacted thousands of students across the country, offering full university scholarships, mentorship opportunities, and national recognition for outstanding academic performance.
Beyond these rewards, the programme has consistently reinforced the importance of STEM education as a critical driver of innovation, problem-solving, and sustainable national development.
Through a transparent, technology-enabled selection process, InterswitchSPAK has also promoted educational equity by providing students from diverse socio-economic backgrounds with equal access to opportunity, ensuring that performance and merit remain central to success.
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