MagicSchool AI Raises $15 Million to Fight Teacher Burnout and Prepare Students for the AI Future
June 27 2024 - 10:00AM
Business Wire
Funding led by Bain Capital Ventures will fuel
rapid growth and product expansion
MagicSchool AI, the fastest-growing technology platform for K-12
educators and students, today announced a $15 million Series A
round of financing led by Bain Capital Ventures. Additional
investors include Adobe Ventures and Common Sense Media, as well as
angel investors like Replit founder Amjad Masad, Clever co-founders
Tyler Bosmeny and Rafael Garcia, and OutSchool co-founder Amir
Nathoo. The funding will support the development of more use cases
for AI in education.
Amid massive teacher shortages, teacher burnout is a huge
problem. At the same time, students need to prepare for an AI
future. MagicSchool AI addresses both teacher and student needs
with a platform that helps teachers mitigate burnout while
preparing students for an AI-enabled workforce.
“We were blown away that MagicSchool AI has had such an outsized
impact in a short period of time,” said Christina Melas-Kyriazi,
partner at Bain Capital Ventures. “AI has a massive opportunity in
education - both to alleviate the burden of heavy teacher
workloads, and to enable personalized education for every student,
and MagicSchool AI continues to innovate and develop new offerings
to match the moment for this opportunity.”
MagicSchool for Teachers allows teachers to use natural language
to request an output to help with more than 50 tasks like quiz
generation, adjusting text for reading levels, lesson plans, and
word problem generation. The platform is purpose-built for a
teacher’s needs and workflow, saving them time and energy.
MagicSchool for Students recently launched to build AI literacy
for students. Students can choose from a variety of tasks like
translation, summarization, writing feedback, tutoring, and math
review. Tasks can be shown or hidden based on a teacher’s
discretion. Instead of banning generative AI, MagicSchool AI
believes that responsible usage is necessary to prepare students
for a future where AI literacy is a core competency.
MagicSchool AI is the fastest-growing technology platform for
schools. In less than a year since launch, over 2 million educators
have signed up for the platform. In addition, more than 3,000
schools and districts have partnered with MagicSchool AI, including
Atlanta Public Schools, Aurora Public Schools, Seattle Public
Schools, High Tech High, Choate Rosemary Hall, KIPP Chicago Public
Schools, and Sidwell Friends.
MagicSchool AI was founded by Adeel Khan, a lifelong educator.
As a former teacher, principal, and founder of a successful public
school, he started MagicSchool AI to build tools that would have
helped him while in the classroom.
“With rapid advancements in AI, we have a once-in-a-generation
opportunity to transform the educational system for the better,”
said Adeel Khan, founder and CEO of MagicSchool AI. “I believe that
AI can help fight teacher burnout while simultaneously preparing
students for a workforce that will expect AI competencies and
skills.”
With this funding, MagicSchool AI will continue to expand tools
available to teachers and students, as well as grow headcount.
MagicSchool AI will also continue to expand its product, building
on existing capabilities like generating lesson plans, classroom
activities, rubrics, and personalizing instruction.
About MagicSchool AI
MagicSchool AI is the leading generative AI platform for
educators and students, purpose built for responsible usage in
schools. MagicSchool AI is the most-used AI platform for education
with over 2 million educators using the platform and partnerships
with 3,500+ schools and districts worldwide. MagicSchool for
Teachers provides over 50 tools to help teachers with things like
quiz generation, text leveling, lesson plans, and word problem
generation. MagicSchool for Students is an AI platform designed to
build AI literacy for students. The company is backed by leading
investors including Bain Capital Ventures, Adobe Ventures, Common
Sense Media and Range Ventures. Learn more at
https://www.magicschool.ai/.
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Rachel Colson rcolson@baincapital.com