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AI startup Gizmo raises $3.5M by using gamified quizzes and flashcards to make learning fun | TechCrunch

Sep 21, 2023 - techcrunch.com
Gizmo, an AI learning startup that generates quizzes from user's class notes, has raised $3.5 million in seed funding from NFX, Ada Ventures, and Capital T. The funds will be used to scale its platform globally, hire more engineers, and introduce new features. Gizmo's AI can extract information from various sources like PDFs, PowerPoint presentations, web pages, and YouTube videos to create quizzes. Users can also instruct the AI to generate a deck of notecards from scratch on a given topic.

The company plans to roll out three new features in the next three months, including a note-taking feature, a collaboration feature for group study, and the ability to ask the AI questions directly. Gizmo, founded in 2021 by three Cambridge University alumni, currently has over 300,000 users and is growing at a rate of 50% month-over-month. The platform is available on the web and on iOS and Android devices.

Key takeaways:

  • Gizmo, an AI learning startup, has raised $3.5 million in seed funding from NFX, Ada Ventures, and Capital T. The funds will be used to scale its platform globally, hire more engineers and introduce new features.
  • The platform generates quizzes from a user’s class notes, which can be imported from various sources including PDFs, PowerPoint presentations, web pages, or even a YouTube video. Users can also share their decks with others.
  • Gizmo plans to introduce three new features in the next three months, including a note-taking feature, a collaboration feature, and the ability to ask the AI questions directly.
  • The company was founded in 2021 by three Cambridge University alumni and currently has over 300,000 users. It is available on the web and on iOS and Android devices.
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