AI

MagicSchool Sees AI in Classrooms as Inevitable and Aims to Equip Teachers and Students

27 June 2024

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Paikan Begzad

Summary

The debate over generative AI tools like ChatGPT in education continues to spark diverse opinions. While some argue these tools can enhance learning and streamline research, others worry about misinformation and cheating. However, some startups view the integration of AI in classrooms as a positive and inevitable development, creating products to meet this emerging market need. One such startup, MagicSchool AI, has recently secured $15 million in Series A funding led by Bain Capital Ventures. Based in Denver, MagicSchool focuses on developing generative AI tools for educational environments.

Founder and CEO Adeel Khan revealed that around 4,000 teachers and schools currently use their products for lesson planning, test creation, and other educational tasks. MagicSchool is now expanding its offerings to include tools for students, accessible through their schools. The new funding will support further development of these tools, customer acquisition, and talent recruitment. This funding round attracted notable investors such as Adobe Ventures and Common Sense Media, as well as individual investors like Replit founder Amjad Masad and OutSchool co-founder Amir Nathoo. These investors recognize the potential of AI applications in education, following significant investments in AI infrastructure companies like OpenAI. Christina Melas-Kyriazi, partner at Bain Capital Ventures, highlighted the potential of AI to assist both teachers and students. "There is a significant opportunity to develop an assistant for educational purposes," she said. "MagicSchool can help teachers with tasks that distract them from their primary focus: their students."