ACKTEC bags US$1M seed funding

Singapore: ACKTEC Technologies, a Singapore-based immersive learning startup, has raised US$1 million in seed funding from local family office Octava.

SEEDS Capital, EduSpaze, Govin Capital, and a group of angel investors also participated.

The company said the fresh capital will be used to scale its immersive learning content marketplace KQwest across Asia.

Founded in 2018 by Rayvan Ho, ACKTEC specializes in providing digital learning ecosystems, structuring and digitizing learning and development (L&D) content for organizations.

According to the firm, through its immersive learning platform ACKTEC Learn, organizations and institutions can transform their existing L&D content into immersive learning modules utilizing technologies such as AR, VR, and interactive 3D while maintaining a mobile-friendly format.

“COVID-19 is changing the way people work and learn. There is a movement worldwide to more blended and digital modes of delivery– but it may be difficult to undertake this process without an understanding of how course content should be restructured, and what technologies and modes of learning are best suited to meet the organization’s and the consumer’s needs,” said Ho.

“With this funding, we will be able to better support organizations who are looking to digitalize their learning processes, and help them transform and participate in the growing global digital learning ecosystem,” he added.

By cutting out the need for costly equipment and catering to the growing population of mobile device users, ACKTEC aims to make immersive learning accessible and affordable for all.

“The ACKTEC Learn platform already serves over 705,000 active learners across 16 countries, through industries as varied as transportation, education, and finance, and we believe in their ability to scale and reach a global audience,” shared Tan Ying Yong, Director at Octava.