The company is using the funding to build the second version of its product, which will include a new “sentiment analysis” feature. This feature will analyze student conversations and provide insights into their strengths, weaknesses, and areas for improvement, as well as suggest future classes and potential career paths. Nectir, launched in May, is already active with over 80,000 students at more than 100 schools, including Boston University, Los Angeles Pacific University, Questrom School of Business, Stanford Graduate School of Business, and UCSB.
Key takeaways:
- Nectir, an AI tool that allows teachers to create a personalized learning partner for students, has raised $4 million in seed funding, bringing the total amount raised to $6.3 million.
- The AI tool, which can be customized to assist with specific subjects or teaching styles, provides support to students with coursework, essay writing, and future career guidance.
- Nectir claims to have a 95% accuracy rate and asserts that its AI protects student privacy, complying with FERPA standards.
- The company is using the funding to develop a new "sentiment analysis" feature, which will provide insights into students' strengths, weaknesses, and areas for improvement, and suggest future classes and career paths.