Google to acquire Croatian maths app Photomath
- by croatiaweek
- in Business
ZAGREB, 22 February, 2023 – Successful Croatian maths app Photomath is set to be acquired by Google.
Founded by Damir Sabol, Photomath is a smart camera calculator which lets users simply point the phone’s cameras at a mathematical formula – with the answer appearing almost immediately on screen.
The app has been a huge hit since its release four years ago and is now set to be acquired by Google. A Google spokesmen confirmed that they entered into an agreement to acquire Photomath in May 2022.
The acquisition is dependent on a regulatory review from the EU antitrust regulators.
“A March 28 deadline for their decision on Alphabet (GOOGL.O) unit Google’s acquisition of Croatian maths app Photomath, according to a European Commission filing on Wednesday,” Reuters reported today.
The app, which is also an educational tool as it shows step by step solutions, has won a number of awards and even topped App Store downloads after it was released.
In 2021, Photomath secured $23 million to continue developing its application for learning mathematics, which then been downloaded more than 220 million times.
“Photomath’s technology will help Google to enhance its ability to provide better math learning experiences to students, helping to build out Google’s homework help offerings for users,” the Google spokesperson added.
Photomath has attracted a number of investors since its launch, including Menlo Ventures, LearnCapital, Goodwater Capital, GSV Ventures and Cherubic.