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MagicSchool thinks AI in the classroom is inevitable, so it's aiming to help teachers and students use it properly | TechCrunch

Jun 27, 2024 - techcrunch.com
MagicSchool AI, a startup that develops generative AI tools for educational environments, has raised $15 million in a Series A funding round led by Bain Capital Ventures. The Denver-based company, which currently serves around 4,000 teachers and schools, plans to use the funds to expand its product offerings for both educators and students, attract more customers, and hire new talent. The round also saw participation from Adobe Ventures, Common Sense Media, and several individual investors.

Founded by former educator Adeel Khan, MagicSchool AI aims to assist teachers with lesson planning and other tasks that take time away from student interaction. The company's tools allow educators to create lesson plans, quizzes, tests, and course materials, and adapt prepared materials for different learning levels. Despite initial resistance from schools due to fears about AI, Khan believes that AI adoption in classrooms is inevitable and necessary to prepare students for a future where AI is integrated into everyday life.

Key takeaways:

  • MagicSchool AI, a startup building generative AI tools for educational environments, has raised $15 million in a Series A round led by Bain Capital Ventures.
  • The company initially started with tools for educators and now has around 4,000 teachers and schools using its products to plan lessons, write tests, and produce other learning materials.
  • MagicSchool is now also developing tools for students, provisioned by way of their schools, and plans to use the funding to continue building more along both of these tracks.
  • Despite the potential benefits, there are concerns about the limitations of AI in the classroom and the need for a hybrid approach encompassing both AI and humans.
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