Math learning app Photomath raises $23 mn as it reaches 220 million downloads
Photomath, the popular mobile app that helps you solve equations, has raised a $23 mn Series B funding round led by Menlo Ventures. The app lets you point your phone’s camera at a math problem. It recognizes what’s written and gives you a step-by-step explanation to solve the problem. You might think that it’s the perfect app for lazy students.
Photomath has now attracted more than 220 mn downloads. It offers a $9.99 per month premium service, Photomath Plus, that includes a number of features unavailable in the free version of the app. In addition to teacher-approved problem explanations and math tips and definitions, Photomath Plus offers custom visual aids and word problem solutions.
Behind the app’s success, there’s an interesting story. Photomath was originally designed as a demo app for another company called MicroBlink. At the time, the team was working on text recognition technology. It planned to sell its core technology to other companies that might find it useful. In 2014, they pitched MicroBlink at Business Journal Disrupt in London. And things changed drastically overnight as Photomath reached the first spot of the iOS App Store.