byteXL Raises $9 Mn To Take Tech, AI Skilling To More Engineering Colleges
Hyderabad-based B2B edtech startup byteXL has raised $9 Mn (about ₹86.7 Cr) in a funding round led by Elevar Equity,…
Hyderabad-based B2B edtech firm byteXL has secured $9 million in new funding, led by Elevar Equity, to expand its educational offerings and technology. The investment, along with participation from Kalaari Capital and The Michael & Susan Dell Foundation, will enable byteXL to grow its college network, enhance its AI learning platform, and introduce more industry-aligned skilling programs.
Over the next two years, the startup aims to increase its reach to five lakh students across 120 institutions in 15 states. Founded in 2019 by Karun and Sricharan Tadepalli, byteXL focuses on integrating technology and AI training into engineering colleges in Tier II and III cities. The company reported that 7,600 of its graduates secured IT and engineering positions in the previous year.
The latest funding follows a $5.9 million Series A round in July 2024. In a sector experiencing funding slowdown, this investment shows confidence in byteXL's approach to skilling engineering students for the tech industry.
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