NetClass Technology

What NetClass Technology does

NetClass Technology Inc (NASDAQ: NTCL) is a B2B smart education IT solutions provider incorporated in the Cayman Islands in January 2022, with operating subsidiaries in mainland China, Hong Kong, and Singapore. The company develops AI-powered software platforms, custom application software, and SaaS products for IT schools, training institutions, universities, K-12 schools, corporations, and public agencies across Asia-Pacific. NetClass operates through four offices (Shanghai, Hong Kong, Singapore as global HQ, and Tokyo), pursuing a direct enterprise field sales motion targeting institutional buyers in education, smart city, and digital transformation procurement.

The core product portfolio is anchored by a vertical AI LLM stack deployed across AI English Go and AI Japanese Go (AI-assisted language teaching platforms built on TTS, ASR, and multi-agent systems), CEPA (Classroom English Proficiency Assessment launched January 2026), the EDC blockchain system for verifiable educational credentials, Smart Campus/Classroom management software, and an AI-powered botanical drug R&D platform developed with Macau Konghon Biomedical. The company holds approximately 90 intellectual property rights and is rated as a high-tech enterprise. Revenue is generated primarily through project-based application software development (77.3% of FY2024 revenue at $7.80M) supplemented by recurring SaaS subscriptions (22.7% at $2.29M), with FY2024 total revenue of $10.1M (down 9.0% YoY) and gross margin of 22.9%.

Following its November 2024 Nasdaq IPO that raised approximately $9M, NetClass has executed a rapid repositioning strategy: relocating its HQ to Singapore, establishing NETCLASS INTERNATIONAL PTE. LTD. (October 2025), signing LOIs to acquire 51% of Vietnam-based LBC International and Japan-based CreateSolutions, completing two post-IPO equity raises totaling $8.4M, and expanding into life sciences AI through the Macau Konghon collaboration. The company is concurrently subject to a securities class action investigation by Rosen Law Firm and is reporting quarterly losses, creating a mixed signal around the financial durability of its expansion trajectory.

Name

NetClass Technology

Legal name

NETCLASS TECHNOLOGY INC

Website

https://netclasstech.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

NetClass Technology is a B2B smart education IT solutions provider offering AI-powered language learning platforms, proficiency assessments, EDC blockchain credentials, and smart campus software to schools, universities, training institutions, and enterprises across Asia-Pacific.

Ownership category

akta.pro rank

Product category

Education Technology Software

NAICS

Exam Preparation and Tutoring (611691), Educational Support Services (611710), All Other Schools and Instruction (61169)

SIC

Services-Prepackaged Software (7372), Services-Educational Services (8200), Services-Computer Programming Services (7371)

akta.pro primary industry

AI Tutoring Systems (Conversational Tutors, Homework Helpers) (EDAFAFAC)

akta.pro secondary industries

AI-Powered Tutoring & Study Assistant Platforms (EDANAGAD), Enterprise/School-District Virtual Tutoring Providers (B2B2C) (EDANAGAF), Learning Management Systems (LMS) & Digital Classrooms (EDAJAMAA), AI & Machine Learning (Foundations & Applied) (EDAMACAG)

Keywords

• Smart education software
• AI language learning
• Education blockchain
• Smart campus solutions
• Digital transformation services

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Application Software Development: Customized software development and technical services provided to enterprise and institutional customers. This represents the largest revenue stream, accounting for approximately 77.3% of FY2024 total revenue ($7.80M out of $10.1M). Services include web-based software development, system integration, data storage and computing systems, and digital transformation projects for smart cities and education institutions.
2. SaaS Subscription Services: SaaS subscription services provided to institutional users based on the company's online learning platform and corresponding video course resources. Accounts for approximately 22.7% of FY2024 total revenue ($2.29M). Recurring subscription model delivering ongoing platform access, course content, and support to schools, training institutions, and corporations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

NetClass Technology develops and sells B2B AI-powered education technology software, including the AI English Go and AI Japanese Go language learning platforms, the CEPA AI English proficiency assessment system, the EDC blockchain education credentialing platform, and smart campus management solutions. The company also delivers customized application software development and SaaS-based online learning platforms to schools, universities, training institutions, corporations, and government agencies across Asia-Pacific.

Product overview

NetClass Technology provides a SaaS-based platform and packaged software solutions for online education, smart city, and digitization. The product portfolio includes AI English Go (AI-assisted language teaching platform using LLM, TTS, ASR, and multi-agent systems), CEPA (AI-powered English proficiency assessment), Mobile Learning Platform (SaaS-based video learning and course management), EDC Blockchain Platform (education credential verification on blockchain), Smart Classroom/Campus (interactive classroom and campus management), AI Japanese Go (Japanese language learning), and AI-Powered Botanical Drug R&D Platform. Products are delivered in SaaS, private deployment, or customized configurations. The company has approximately 90 intellectual property rights and is recognized as a high-tech enterprise.

Differentiator

Problem solved

Functional benefit

Brands

• CEPA: AI-powered Classroom English Proficiency Assessment platform for evaluating academic English proficiency and real-world classroom readiness
• AI English Go
• AI Japanese Go
• EDC (Education Credit) Blockchain System
• XEnglish
• ACCP

Products and services

• AI English Go AI-assisted English language teaching platform built on AI LLMs, TTS, ASR and multi-agent systems. Provides teachers scenario configuration for interactive dialogues, writing tasks, and vocabulary exercises while students practice via AI-powered interactive learning and automated evaluations. Used by universities, K-12 schools, and training institutions.
• CEPA (Classroom English Proficiency Assessment) AI-powered academic English proficiency assessment that evaluates real-world classroom readiness through online dialogues and text-based interactions. Assesses whether students can study and live in English-medium environments. Used by schools for student evaluation, admissions, and class placement.
• EDC Blockchain Platform Education blockchain system that ensures secure, traceable, verifiable, and non-fungible education data records. Provides blockchain-based learning certificates, credit recording, and credential verification for educational institutions and learners.
• AI Japanese Go Textbook-aligned Japanese speaking practice mini-app built on AI technology. Enables scenario-based lessons, free dialogues, and an AI-powered practice-assessment loop for Japanese language learning in secondary and higher education.
• ACCP Portuguese Proficiency Assessment System AI-powered Portuguese language proficiency assessment system launched in partnership with the University of Évora in Portugal for multilingual market expansion.
• Mobile Learning Platform SaaS-based online learning platform providing enterprise and institutional users with video-based course resources, course management, Q&A functionality, and learning data analysis.
• Smart Classroom/Smart Campus Solution Interactive classroom functions with real-time data collection and analysis providing comprehensive digital management of campus management, course teaching, teaching management systems, course management, grade management, and campus security.
• AI-Powered Botanical Drug R&D Platform AI platform for botanical drug research supporting formulation screening, ingredient optimization, data analysis, and outcome prediction. Deployed in collaboration with Macau Konghon Biomedical for prostate, liver, and reproductive health applications, with selected projects expected to progress to clinical trials.
• Customized Application Software Development Services Customized software development and technical services including web-based software development, system integration, data storage and computing systems, and digital transformation projects for smart cities and education institutions. Accounts for approximately 77.3% of FY2024 revenue.

Quantifiable outcome

• Nearly 100 universities trialing AI English Go / AI Japanese Go platforms with high praise from teachers and students.
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Shanghai Singapore International School (SSIS)coreStrategic or Co-development Partner · 11 June 2026NetClass signed a cooperation framework agreement with SSIS to deploy its AI-powered CEPA platform for student and staff language evaluation, admissions, class placement, and training optimization. The partnership includes a framework for joint scientific research, including co-publication of academic papers and research reports in AI-assisted foreign language education.
• University of ÉvoracoreStrategic or Co-development Partner · 11 June 2026NetClass signed an MOU with the University of Évora in Portugal to launch a Portuguese proficiency assessment system (ACCP) and establish long-term collaboration across four core areas: AI education innovation, smart healthcare research, academic and research exchange, and joint innovation projects.
• Macau Konghon Biomedical Technology Development Group Co., Ltd.flagshipStrategic or Co-development Partner · 1 January 2026NetClass entered a strategic collaboration to advance AI-enabled botanical drug R&D. NetClass deploys its AI platform for formulation screening, ingredient optimization, data analysis, and outcome prediction. The collaboration focuses on prostate health, liver health, and reproductive system health, with selected projects expected to progress to clinical trials beginning in 2026.
• HPCAIcoreTechnology or Integration · 1 January 2026NetClass entered long-term cooperation agreements with HPCAI in Singapore, committing to provide continuous AI computing power support over the next three years. This partnership supports NetClass's AI model deployment and application services.
• RunSun CloudcoreTechnology or Integration · 22 October 2025NETCLASS signed a strategic MOU with Singapore-based RunSun Cloud to enhance AI computing infrastructure and application development across Southeast Asia. The agreement follows a recent sales contract generating approximately $443,000 in six months and aims to support AI, generative AI, enterprise solutions, education, and smart city initiatives.
• LBC International Company Limited (Vietnam)coreStrategic or Co-development Partner · 28 August 2025NETCLASS signed a non-binding LOI to acquire a 51% stake in Vietnam-based LBC International Company Limited as part of its global expansion strategy to strengthen presence in Asia-Pacific and Southeast Asian markets.
• XStudyAIminorStrategic or Co-development Partner · 1 January 2025Partnership with XStudyAI to deliver personalized one-on-one teaching and tutoring services through the XEnglish platform. Each student receives a tailored teaching plan and learning roadmap leveraging AI-powered personalized instruction.
• East China Normal University (ECNU)coreStrategic or Co-development Partner · 1 January 2025NetClass and ECNU jointly launched 'AI English Go – Basic Education Edition' at WAIC 2025. ECNU's Associate Professor Li Zheng delivered a keynote on the platform, representing academic collaboration on AI-assisted language teaching research and development.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Squirrel AI Learning (松鼠AI): China-based AI-powered adaptive tutoring provider operating across K-12. Most directly comparable to NetClass on AI-driven personalized learning in the Chinese education market.
• iHuman Inc. NYSE-listed Chinese children's digital education technology company providing AI-enabled learning apps. Comparable B2C/B2B EdTech product model targeting the same Chinese consumer and institutional base.
• Duolingo: AI-driven language learning platform with conversational tutors and automated assessment. Closest global comparable to AI English Go and AI Japanese Go on AI language learning methodology and product UX.
• 17zuoye (一起作业): China-based K-12 online learning and homework platform serving schools directly. Comparable to NetClass's B2B-to-school model and smart campus offerings within the Chinese K-12 segment.
• KnowBox (作业帮): China-based AI-driven K-12 education technology company with school-facing SaaS products. Comparable to NetClass on AI-augmented K-12 instruction delivered via B2B institutional channels in China.

Broad incumbents

• TAL Education Group: One of China's largest K-12 and higher education technology providers with AI-driven learning products. Broad incumbent with overlapping AI-Education ambitions but a much larger scale and broader portfolio.
• New Oriental Education & Technology Group: NYSE-listed Chinese education conglomerate with strong language-learning and assessment capabilities. Comparable on the language training and assessment thesis that NetClass pursues via AI English Go and CEPA.
• BYJU'S: Global EdTech incumbent with K-12, test prep, and AI-driven learning products. Comparable on the ambition to scale AI-powered assessment and adaptive learning internationally.
• Coursera: NYSE-listed online learning platform serving universities, enterprises, and individuals. Comparable as a B2B SaaS learning platform with university partnerships, though at significantly larger scale and broader scope.

Regional players

• VIPKid: Chinese online English tutoring platform connecting students with teachers. Comparable on the AI/online English learning thesis, though primarily consumer-facing rather than B2B institutional.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/netclass-technology-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NetClass Technology