
Walnut Education
Founded Year
2017Stage
Series C | AliveTotal Raised
$267.73MValuation
$0000Last Raised
$200M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-81 points in the past 30 days
About Walnut Education
Walnut Education provides gamified coding education for children and teenagers within the technology sector. The company offers online courses in popular programming languages such as Scratch, Python, and C++. It serves the educational technology industry by offering a curriculum that guides students in coding. Walnut Education was formerly known as Hetao Coding. It was founded in 2017 and is based in Beijing, China.
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Expert Collections containing Walnut Education
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Walnut Education is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,270 items
Education Technology (Edtech)
3,429 items
These companies offer tech-enabled solutions that facilitate education and learning for people of all ages, from pre-K to adult and professional education.
Latest Walnut Education News
Oct 14, 2022
China nurtures AI talent through improved education, awareness Trending Topics Trending Topics China nurtures AI talent through improved education, awareness This is the second of a three-part series where CNA looks at China President Xi Jinping’s policies, as he seeks an unprecedented third term in power at the upcoming 20th Communist Party Congress. China is aiming to overtake the US as the world leader in the artificial intelligence sector by 2030. BEIJING: Over the past year, eight-year-old Ma Mingjie has taken on a new after-school activity, participating in an online course for children on artificial intelligence (AI). The primary three student spends about 40 minutes daily, learning simplified coding and software programming through cartoons and games as part of the lessons. Mingjie is part of China’s segment of young people being equipped with the requisite skills, as the country seeks to overcome its shortage of talent in the field of AI - all part of its plans to become the world leader in the sector by 2030. The world’s most populous country has ambitions to create a US$150 billion AI industry by the end of this decade. When industries related to the sector which China considers a key strategic interest are accounted for, this amount rises to US$1.5 trillion. China currently ranks behind just the United States (US) in the field, according to Stanford University's AI vibrancy index last year. But despite its late start, analysts say the country has made strides to close the gap since 2017, when the state council announced a development plan to achieve China's AI ambitions. Last year, China had the most AI patent applications and journal publications in the world. China had the most AI patent applications and journal publications globally in 2021. This push also comes amid calls by China's leadership for the country to be more self-reliant as its tech war with the US continues. The Biden administration recently stepped up export controls for AI and semiconductor chips to China. NURTURING YOUNG TALENT Education has been key in the country's push towards being a leader in the AI field. "I think artificial intelligence will be inseparable from our lives in the future and he enjoys it, so why wouldn't I support him," said Mingjie’s mother, 36-year-old Zhang Lina. “It will be helpful if he decides to specialise in it in the future. But even if he doesn’t, it also helps with other aspects of learning.” Eight-year-old Ma Mingjie spends about 40 minutes daily on an artificial intelligence (AI) course. Ms Zhang added that offerings in the sector have grown in recent years and become increasingly popular with many children. “Earlier on, (the industry) was rather messy. At the time, organisations promoting their classes were not very professional, because they … originally taught English or other courses, and were not specialised,” said Ms Zhang. China has moved to introduce AI into primary and secondary school curricula and seen more colleges rolling out AI-related majors. Private firms and education institutions in China are also collaborating. Mr Zeng Pengxuan, founder and chief executive officer of Walnut Education, which offers AI and coding courses to children, said that half a decade ago, parents still viewed programming as something just for college students.
Walnut Education Frequently Asked Questions (FAQ)
When was Walnut Education founded?
Walnut Education was founded in 2017.
Where is Walnut Education's headquarters?
Walnut Education's headquarters is located at Suzhou Street, Haidian District, Beijing.
What is Walnut Education's latest funding round?
Walnut Education's latest funding round is Series C.
How much did Walnut Education raise?
Walnut Education raised a total of $267.73M.
Who are the investors of Walnut Education?
Investors of Walnut Education include Source Code Capital, Hillhouse Capital Management, Huasheng Capital, Vision Plus Capital, KKR and 8 more.
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