TO SERVE AND...Volley, a San Francisco-based startup that builds AI-powered learning tools for enterprise clients and their employees, has received a strategic investment from JPMorgan Chase & Co. Financial terms were not disclosed.
Founded in 2014, Volley initially aimed to offer its technology to high school and college students. The idea then was that users could scan text materials with their phone’s camera and then get relevant content from the web. Based on this premise, the company raised $2.3 million in seed funding in 2016.
But the company has since pivoted to offerings its technology for corporate learners. (And, according to SEC filings, Volley raised nearly $5 million in 2017.) Today the company claims its tool is used by Fortune 100 companies in the financial service sector. Reuters reports that the company plans to “double its team of less than 20 over the next nine months.”
