iLearningEngines, Inc. has completed its business combination with Arrowroot Acquisition Corp., leading to its public listing on Nasdaq as part of its growth strategy in the AI and e-learning sectors.

Target Information

iLearningEngines, Inc. ("iLearningEngines", "iLE", or "the Company") is a prominent player in the domain of AI-driven learning automation and information intelligence, catering to corporate and educational sectors. The company has effectively established itself as a leader, providing an innovative platform that allows enterprises and educational institutions to 'productize' their knowledge, enhancing operational efficiency and achieving critical business outcomes. iLearningEngines operates at the confluence of three rapidly expanding markets: global artificial intelligence, global e-learning, and hyperautomation. Its offerings are utilized by nearly 1,000 enterprise clients, impacting approximately four million licensed users.

The Company differentiates itself through proprietary AI technology, complemented by specialized datasets, creating a secure Knowledge Cloud within each client's data environment. The no-code AI canvas allows for seamless integration, facilitating the generation of valuable insights that bridge knowledge gaps and streamline workflows. iLearningEngines has experienced robust growth, with a reported 35% year-over-year increase in revenue during the first three quarters of 2023, and it anticipates further financial disclosures shortly.

Industry Overview

The AI software market is poised for significant growth, projected to expand at a compound annual growth rate (CAGR) of 24.5%, potentially reaching approximately $135 billion by 2025. Concurrently, the global e-learning market is projected to reach $250 billion, whil