AI learning app Gizmo soars with 13M users and $22M in revenue

Since its launch in 2021, Gizmoand AI powered learning software which turns students’ notes into learning tools, has attracted more than 13 million users in more than 120 countries. This is a big jump from the more than 300,000 users the platform had when TechCrunch last covered it in 2023.

And, as user adoption increases, investor interest follows. The company recently raised $22 million in Series A funding, according to its sources to announce the second.

The funding will go toward expanding Gizmo’s technology and AI teams, as well as expanding its presence in the US college market. The company, which had just seven employees before the promotion, plans to grow to around 30, CEO Petros Christodoulou told TechCrunch.

The company’s move comes at a time when student behavior is changing. Academic performance in the US has fallen sharply, according to a 2025 National Assessment of Educational Progress. An increase in exposure time and a decrease in attention span have been noted previous studies such as what is contributing.

In addition, with many young students attracted to platforms like TikTok and YouTube, the biggest challenge for edtech startups is how to keep things going. Gizmo is betting that gaming could be the answer.

Designed for both young and old, Gizmo believes its focus is on using the game engine to drive engagement. Features like leaderboards, slots, a limited daily life to find wrong answers, and the ability to compete with your friends are designed to keep users coming back.

Other smaller platforms have also gained traction in recent years, such as Anki, Quizlet, and Nibble, along with new entrants such as. That one and Knowingall of whom have tried to improve the performance of visual time for better learning. However, for a young learning app like Gizmo to develop such an interest in a few years is remarkable. In comparison, Yuno downloads 1 million apps, and Knowt has more than 7 million users.

The Series A round was led by Shine Capital, with participation from Ada Ventures, Seek Investments, GSV, and NFX, which previously led Gizmo’s $3.5 million round.