On June 27, 2024, the Denver-based AI education technology platformMagicSchool AIannounced it had raised $15 million in Series A funding. The round was led by Bain Capital Ventures, with participation from Adobe Ventures and Common Sense Media, Replit founder Amjad Masad, Clever co-founders Tyler Bosmeny and Rafael Garcia, and OutSchool co-founder Amir Nathoo.
The company plans to use the funds to further develop AI use cases in education to support teachers in alleviating work stress and prepare students for the workforce in the AI era. In addition, the funds will be used to expand the tools available to teachers and students, increase staff size, and continue to expand the product based on existing capabilities such as generating lesson plans, classroom activities, grading rubrics, and personalized instruction.
MagicSchool AI was founded in 2023 and primarily provides a leading generative AI platform for educators and students, designed specifically for responsible use in schools. MagicSchool AI is the most widely used AI platform in the education sector, with over 2 million educators using it and partnerships with more than 3,500 schools and districts worldwide. MagicSchool for Teachers offers more than 50 tools to help teachers with quiz generation, text leveling, lesson planning, and question generation, among others. MagicSchool for Students is an AI platform designed to build AI literacy for students.
(Source:BusinessWire）