10. Koala Reading

Raised funding: US$20mn
Founded: 2017
Founder: Zhao Zichun

Founded in 2017 by Zhao Zichun, Koala Reading is a data driven education company headquartered in Beijing. The company provides education products that harnesses artificial intelligence (AI), big data mining, deep learning and adaptive testing

Since its founding Koala Reading has conducted research alongside linguistics, pedagogy, and psychology experts to develop the first set of quantitative Chinese-graded reading in China Standard ER Framework, as well as creating the world's first Chinese-graded reading platform to provide students with personalised reading solutions.