TechTaffy

tech:

taffy

InstaEdu Raises $1.1M Seed Round

By TechTaffy Desk

[Techtaffy Newsdesk]

InstaEDU, a new website that offers one-to-one academic instruction to users, has raised $1.1 million in a seed round of funding. Led by The Social+Capital Partnership, the round also includes angel investors Bobby Yazdani, Dylan Smith, Todd Bradley, John Johnston and Nirav Tolia. Mamoon Hamid, a General Partner at The Social+Capital Partnership has joined InstaEDU’s board of directors.

InstaEDU makes it possible for anyone to instantly connect with a student from a top U.S. university and get help with any subject, any time of the day. It currently has a team of some thousand tutors, all of whom from top universities like Stanford and Harvard. The site is currently in public beta.

It costs students 50 cents a minute to get academic help. Tutors get $20 per hour.

Prior to starting InstaEDU, the founding team ran the in-home tutoring company Cardinal Scholars.

 

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.