Ilearningengines, inc. announces additional funding in connection with its business combination; brings gross proceeds to approximately $92.8 million

Bethesda, md., april 17, 2024 (globe newswire) -- ilearningengines, inc. (“ilearningengines”, “ile”, or “the company”, nasdaq: aile), a leader in ai-powered learning automation and information intelligence for corporate and educational use, is pleased to announce that the company has entered into a loan and security agreement with east west bank (the “lender”). this facility brings the total gross funds raised in connection with the business combination with arrowroot acquisition corp. (the “business combination”) to approximately $92.8 million.
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