Riiid establishes Silicon Valley subsidiary to lead global business

AI tutoring solutions company Riiid said on the 10th that it has established Riiid Labs in Silicon Valley to oversee its global business and is preparing to enter international markets in earnest.

Using the U.S. as its base, Riiid Labs plans to identify business opportunities through partnerships with public and private education providers in countries around the world, including South America and the Middle East, as well as in diverse B2B markets requiring certification exams and learning assessments. It will seek to gain an early lead in the AI-powered learning solutions market and lead Riiid’s global expansion.

Along with establishing its U.S. subsidiary, Riiid appointed David Yi as its head. Yi, who will oversee global business, graduated from the University of Chicago Law School and previously led operations in Asia for K12.com, a global online learning platform, and ACT, the organization that administers the U.S. college admissions test.

Simon Shin was appointed CPO. He graduated with a degree in economics from Harvard University and previously led Chegg’s mobile business and served as a senior executive at Bluepoint Partners, a tech-focused accelerator.

Through the establishment of its global subsidiary, Riiid plans to respond quickly to the needs of education markets around the world and gain an early foothold with its distinctive AI technology, which has demonstrated both learning outcomes and market potential.

Riiid CEO Jang Young-jun said, “We are very excited and optimistic about establishing a global subsidiary at this pivotal time and building a top team with a wealth of experience and capabilities.” He added, “We will lead fundamental change in the global education market, building on our distinctive AI technology, which has been proven in the market.”

David Yi, head of Riiid Labs, said, “There is already strong interest in Riiid’s technology and solutions in global markets, including the U.S., and we are discussing a range of partnerships.” He added, “Drawing on our deep understanding of AI in education, we will provide solutions tailored to each market so that more learners around the world can experience highly effective, personalized learning services.”