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Reading: MagicSchool AI Raises $15M in Series A Round to Expand Its K-12 Offerings
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Home > News > MagicSchool AI Raises $15M in Series A Round to Expand Its K-12 Offerings
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MagicSchool AI Raises $15M in Series A Round to Expand Its K-12 Offerings

Shalini Pathak Published Jul 4, 2024
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MagicSchool AI Raises $15M in Series A Round to Expand Its K-12 Offerings
MagicSchool AI Raises $15M in Series A Round to Expand Its K-12 Offerings
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MagicSchool AI, a platform that offers AI tools for educators, has raised $15 million in a Series A round led by Bain Capital Ventures. The funding round also saw Adobe Ventures and Common Sense Media participation alongside angel investors, including Replit founder Amjad Masad, Clever co-founders Tyler Bosmeny and Rafael Garcia, and Outschool co-founder Amir Nathoo.

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MagicSchool AI offers teachers AI tools designed to help them rewrite texts, adapt material to different grade levels, build lesson plans, create assessments, generate IEPs, summarize text, and provide feedback on student work, among other capabilities. The team of principals and educators is a lifelong learner. In addition to imparting knowledge in classes, the platform has devoted several hours to handling the background responsibilities for its students, such as level-appropriate text adaptation, exemplar writing, and communication with families.

The company recently launched a student-facing platform that gives students access to AI modules for translating, summarizing, tutoring, and getting feedback on writing and math. It claims that its products are not just aimed at reducing educators’ workloads, but at significantly lightening their burden, allowing them to focus on what truly matters-the students. This, in turn, builds students’ ability to use AI responsibly.

Speaking about the platform, Adeel Khan, Founder and CEO of MagicSchool, said in a statement:

With rapid advancements in AI, we have a once-in-a-generation opportunity to transform the educational system for the better. AI can help fight teacher burnout while preparing students for a workforce that will expect AI competencies and skills.

The startup focuses its tool design on the belief that teachers are and always will be indispensable. The best teaching occurs when people exchange ideas; teachers are the experts. Because of this, its tools give teachers more time and energy to work one-on-one with children and their families. MagicSchool AI can save a teacher up to 10 hours per week. That’s time teachers can use to build trust with a hard-to-reach student, meet with a family to help them understand financial aid, differentiate a lesson for diverse learners, and more.

With this funding, MagicSchool plans to build its staff and develop its K-12 products.

TAGGED: Artificial Intelligence, Communication, EdTech Funding, EdTech Investors, EdTech Startups/Companies, K-12, Online Courses, Online Education, Tutoring
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By Shalini Pathak
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Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
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