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Lexplore
AI-powered eye-tracking for rapid reading assessments
About Lexplore
Lexplore provides a reading development service for schools centered on its AI-powered assessment that utilizes eye-tracking technology to identify potential reading difficulties, including dyslexia. The company's origins trace back to a research project started in 2007 at the Karolinska Institute in Stockholm, building on over 30 years of scientific research. It was officially founded in 2015 by computational linguists Gustaf Öqvist Seimyr and Mattias Nilsson Benfatto. Their work involved applying modern machine learning to eye-movement data from a 1980s study, creating algorithms that can analyze how a student's eyes process text with 95% accuracy.
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The core product is a quick assessment where a student reads from a screen while a camera tracks their eye movements, measuring fixations and patterns. This data is analyzed in the cloud, providing teachers with objective results in minutes, including reading level and age. This method replaces more subjective and time-consuming traditional assessments. Beyond diagnostics, Lexplore operates on a subscription-based business model, offering a complete support system to schools and districts. This includes intervention packages, personalized exercises, a digital library with leveled books, and fluency practice tailored to each student's assessment results. Data is available at individual, class, school, and district levels to monitor progress.
Following its launch in Sweden in 2015, Lexplore expanded into the US in 2017 and the UK in 2018. The company has received numerous accolades, including being a BETT Awards finalist, winning the Best Intelligent Cloud Solution by Microsoft, and being ranked among Europe's top 50 most innovative companies. As of April 2023, Anna Kraft serves as the CEO. In 2021, Lexplore acquired the Norwegian e-book service Lesemester to expand its digital reading offerings.
At a glance
- Founded
- 2015
- Headquarters
- Stockholm, Sweden
- Sector
- Edtech
Latest news
Press, funding announcements and product moves mentioning Lexplore.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Gabriel Urwitz- PGPomona Group
Sparkmind.vc
Source: Dealroom Talent Intelligence.
Global footprint
team presence
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