Is Mathpresso profitable in 2026?

No verified profitability data exists. Mathpresso's last confirmed capital raise was an $8M strategic investment from telecom KT in September 2023, and no independently confirmed revenue figure has been published since then, making profitability unclear.

Could AI replace QANDA's core photo-solve feature?

Largely yes. QANDA's original snap-a-photo-get-an-answer OCR solving is now commoditized by general vision LLMs and directly rivaled by Google's Photomath (acquired 2023, embedded in Play Store 2024) and ByteDance's Gauth (rebranded with Gauth GPT in 2024).

Who is Mathpresso's biggest competitor?

Google, via its 2023 acquisition of Photomath now built into the Play Store, and ByteDance, via Gauth (formerly Gauthmath) with its proprietary Gauth GPT model launched in 2024, are QANDA's closest and best-funded direct rivals.

Mathpresso is privately held and venture-backed, with investors including Google, GGV Capital, Goodwater Capital, SoftBank Ventures Asia, ByteDance, Samsung Venture Investment, and Korean telecom KT, which invested $8M in September 2023.

How many users does the QANDA app have?

As of March 2024, QANDA reported 90 million total registered users and about 8 million monthly active users across roughly 50 countries, with about 90 percent of cumulative users located outside Korea, mainly Vietnam, Indonesia, Japan, and Thailand.

Has Mathpresso raised a Series D?

No confirmed Series D has been found as of July 2026. The last publicly confirmed capital raise was an $8M strategic investment from KT in September 2023, following a Series C that totaled about $70M by December 2022.

Education companies · South Korea

Mathpresso

mathpresso.com ↗

Mathpresso runs QANDA, an AI photo-solve homework app big in Southeast Asia.

Losing its protection

Assessed 26 July 2026 · Evidence as of 26 July 2026

The structural protection is eroding.

On the recordSince 26 July 2026 · Checkable from end of 2026 · Every call on the record Checkpoint: Whether Mathpresso closes a new funding round after 3+ years without one

The call

QANDA has scale and school workflows in its favor, but its main photo-solve feature is now free inside Google's own Photomath and Gauth, and no new funding round has landed since 2023.

Mathpresso runs QANDA, an app where students take photos of math problems and get answers, plus Mathflat, which sells homework tools to Korean schools. The photo-solve part works like thousands of free tools now, and Google (which bought Photomath) and ByteDance (which made Gauth) are both pushing their own versions harder and faster. The company's real chance is whether its school product in Korea grows enough, or if its app keeps users in Southeast Asia while the giants focus elsewhere, but neither is proven yet.

Why

AI pressure: ByteDance's Gauth and free general LLMs like Google Gemini and ChatGPT. Gauth and free Gemini already solve photo math problems, chipping at the free commoditized core QANDA built its user base on. Could AI do the core job? Yes, likely.

Bigger players: Google (Photomath). Google bought Photomath and built it into the Android Play Store in 2024, matching QANDA's core feature with a free, pre-installed rival. Could a giant copy it? Yes, easily.

What protects it. Mathflat's B2B workbook tools locked into Korean schools, plus QANDA's 90 million registered users concentrated in Vietnam, Indonesia, Japan, and Thailand.

What would change this call

Mathpresso closes a Series D by end of 2026. Shows investors still see the consumer or Mathflat business as fundable despite rivals shipping free alternatives.
Gauth reports or is reported to have overtaken QANDA MAU in Vietnam, Indonesia, or Thailand. Confirms ByteDance is actively winning QANDA's core Southeast Asian user base.
Mathpresso discloses Mathflat B2B revenue figures or growth rate in a press release or filing. Would show whether the Korean schools workflow product is becoming the real growth engine as the consumer app erodes.

Key numbers

Series C reached $70M total after extension (2022-12-22)
KT strategic investment of $8M, last known raise (2023-09-10)
90M registered users, ~8M MAU across 50 countries (2024-03)

Named risks

Core photo-solve consumer product commoditized by free general-purpose vision LLMs. Severity: high
No confirmed growth-stage funding round since September 2023 KT investment. Severity: medium
Two deep-pocketed rivals, Google's Photomath and ByteDance's Gauth, ship direct competitors into core SEA markets. Severity: high
Revenue and headcount figures largely unverified by independent third-party sources. Severity: medium
Mathflat B2B growth depends on Korean private-education regulatory environment. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
Google (Photomath)	gaining on	Acquired Photomath 2023, integrated into Google Play Store publisher portfolio in 2024
ByteDance (Gauth)	gaining on	Rebranded Gauthmath to Gauth in 2024 with proprietary Gauth GPT, expanding aggressively in SEA
Chegg (Mathway)	contesting	Established solver tool competing at lower end of category, per 2025 industry reviews
Microsoft Math Solver / Google Socratic	contesting	Free platform-backed alternatives reduce willingness to pay for standalone solver apps, 2025

Questions people ask

Is Mathpresso profitable in 2026?: No verified profitability data exists. Mathpresso's last confirmed capital raise was an $8M strategic investment from telecom KT in September 2023, and no independently confirmed revenue figure has been published since then, making profitability unclear.
Could AI replace QANDA's core photo-solve feature?: Largely yes. QANDA's original snap-a-photo-get-an-answer OCR solving is now commoditized by general vision LLMs and directly rivaled by Google's Photomath (acquired 2023, embedded in Play Store 2024) and ByteDance's Gauth (rebranded with Gauth GPT in 2024).
Who is Mathpresso's biggest competitor?: Google, via its 2023 acquisition of Photomath now built into the Play Store, and ByteDance, via Gauth (formerly Gauthmath) with its proprietary Gauth GPT model launched in 2024, are QANDA's closest and best-funded direct rivals.
Who owns Mathpresso?: Mathpresso is privately held and venture-backed, with investors including Google, GGV Capital, Goodwater Capital, SoftBank Ventures Asia, ByteDance, Samsung Venture Investment, and Korean telecom KT, which invested $8M in September 2023.
How many users does the QANDA app have?: As of March 2024, QANDA reported 90 million total registered users and about 8 million monthly active users across roughly 50 countries, with about 90 percent of cumulative users located outside Korea, mainly Vietnam, Indonesia, Japan, and Thailand.
Has Mathpresso raised a Series D?: No confirmed Series D has been found as of July 2026. The last publicly confirmed capital raise was an $8M strategic investment from KT in September 2023, following a Series C that totaled about $70M by December 2022.

Timeline

2026-03-22QANDA app store listing repositions product as conversational AI tutor with over 50M Google Play downloads
2025-09-01Mathflat B2B expands to 3,984 textbook titles, over 20% YoY growth in textbook inquiries H1 2025
2025-08-06Mathpresso publishes technical blog on agentic redesign of QANDA into AI-agent architecture
2024-05-02QANDA named to TIME's inaugural World's Top EdTech Companies list
2024-03Cramify (formerly Prep.Pie) launches; QANDA reports 90M registered users, 8M MAU
2024-01-08MathGPT co-developed with Upstage and KT announced, claimed benchmark records
2023-09-10KT invests $8M strategically in Mathpresso to build an education LLM
2022-12-22Series C extension brings round total to about $70M
2021-07-01Series C funding of $50M closed
2015-06Mathpresso founded in Seoul by Lee, Lee, Jung, and Jeong

Revision history

26 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

In the same band

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