TutorOcean FedDev Funding Announcement

Canadian Federal Government Announces Over $10M Investment in Ottawa-Based AI Companies

Kanata, Ontario, Canada – June 24th, 2024 – TutorOcean, an Ottawa-based education technology startup, is proud to have received a $1 million investment from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

TutorOcean, joined five other Kanata-based tech companies including  Ranovus Inc., Armstrong Monitoring Corp., Larus Technologies Corporation, ThinkRF Corp., and TryCycle Data Systems Inc., as the Honourable Minister Jenna Sudds, MP for Kanata-Carleton and Minister of Families, Children, and Social Development announced the government’s $10 million investment in Ottawa-based tech companies. This investment will help grow the critical AI sector in the education, mental health, semiconductor, business advisory, digital sensor and wireless industries for generations to come.

This funding recognizes TutorOcean as an AI leader in the education technology industry with its  human-AI hybrid approach allowing students around the globe access to critical learning support from both AI and human tutors. With TutorOcean’s AI Tutor, students can receive 24-7 personalized study support in the form of chat, quizzes, lesson plans, and writing coaching. This funding will also help TutorOcean as it continues to invest in important AI tools for educators and school administrators, revolutionizing education in North America under its subsidiary, QuadC.

About the company:

TutorOcean is an education technology startup with two products including TutorOcean, a global online tutoring marketplace, and QuadC, a student success and retention platform for higher education institutes with specialized tools for online tutoring and advising services. With over 250,000 users across both platforms, TutorOcean is leading the industry with new developments in AI for education.

About FedDev Ontario

For 14 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our investment profiles, our Southern Ontario Spotlight, and FedDev Ontario’s TwitterFacebookInstagram and LinkedIn.

For media inquiries, please contact:
Alex Ewasiuk
Digital Growth Manager
alex@tutorocean.com

TutorOcean

TutorOcean is a global marketplace where learners and tutors connect. Through its intuitive and integrated online classroom, tutors are able to cultivate the internal motivation and potential of learners, and thus help them achieve their goals. It's a place where the connection is made instantly, knowledge is shared and acquired in real-time, and community is created while breaking geographical boundaries.