In addition to AI, GoStudent is also focusing on virtual reality technologies. The company recently launched a virtual reality language platform, GoVR, which offers tutor-led VR group language learning experiences in immersive environments. This allows students to practice their language skills in virtual "real-life settings". The company supports more than 11 million families across more than 15 countries and books over 1 million tutoring lessons globally each month.
Key takeaways:
- GoStudent GmBH has raised $95 million in a strategic fundraise to pursue an AI-driven future for its tutoring platform. The funds were raised with participation from Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2.
- The company has been acquiring educational technology companies and has recently turned its attention towards hybrid learning technologies such as virtual reality and artificial intelligence to bolster its tools.
- GoStudent plans to build an AI-driven lesson planner that will save tutors an average of 15 minutes per lesson and introduce AI-driven content learning to the platform to allow students to study between lessons.
- The company's AI plans follow a newly launched virtual reality language platform GoVR, which offers tutor-led VR group language learning experiences in immersive environments.