Ottawa, Ontario, Canada – January 23rd, 2024 – TutorOcean, a leading education technology startup, is proud to announce its remarkable achievement in Forbes’ Inaugural Best Startup Employers ranking, securing an impressive 4th place in Ottawa and an overall 60th position in Canada.
The Forbes Best Startup Employers in Canada 2024 list was conceived due to a collaboration between Forbes and market research firm Statista. To qualify, companies have to have at least 10 employees, be founded between 2014 and 2021 and not be publicly traded. After a shortlist of 1,500 companies was determined, they were evaluated based on employer reputation, employee satisfaction, and company growth.
While funding for start-ups dipped 45% in 2023 totalling $4.4 billion compared to $8 billion raised in 2022 (a 5-year low across the globe and in Canada), the Forbes list highlights 200 companies in Canada who have demonstrated growth amidst the challenging business landscape. TutorOcean has not only weathered the storm but has also demonstrated substantial growth in its operations with an extensive user base exceeding 250,000 users across both its TutorOcean and QuadC products. TutorOcean CEO, Will Li, expressed his gratitude for the company’s inclusion in Forbes’ prestigious listing, stating, “We feel very honored that we are included in Forbes’ listing. We pride ourselves on being a very capital-efficient startup and have been very fortunate to find good and dedicated teammates to help us along our journey.”
TutorOcean expects to sustain its growth, leading the adoption of AI in the education technology industry. TutorOcean has two products, TutorOcean, an online marketplace for students and tutors to connect globally, and QuadC, a white-labeled student success and retention platform for higher education institutes with specialized tools for online tutoring and advising services. Will Li shared, “We believe universal access to knowledge is a fundamental right, and not a privilege. Our mission is to empower one billion people worldwide to learn and share knowledge through our innovative hybrid (AI + human) learning platforms, ensuring equitable access for all.” In order to accomplish this mission, TutorOcean has introduced an AI Tutor, a tool that leverages machine learning to build personalized learning solutions at scale. AI Tutor has garnered positive feedback within the TutorOcean marketplace and the company plans to roll out this innovative technology in the QuadC platform.
Li went on to share, “Ottawa is the perfect spot for us to attract high-quality tech talent in a great location with a high quality of life”, emphasizing the importance of the city as a hub for talent acquisition through the next phase of its growth. The company’s success in Forbes Best Startup Employers in Canada 2024 ranking solidifies its position as a trailblazer in the ed tech industry.”
About the company:
TutorOcean is a 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.
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Digital Growth Manager
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.