Jun 30, 2024

MagicSchool AI, a technology platform for K-12 educators and students, announced a $15 million Series A round of financing led by Bain Capital Ventures. And additional investors include Adobe Ventures and Common Sense Media, and 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. With massive teacher shortages, teacher burnout is a huge problem. And at the same time, students need to prepare for the growth of AI. And MagicSchool AI addresses both teacher and student needs with a platform that helps teachers mitigate burnout while preparing students for an AI-enabled workforce. MagicSchool for Teachers enables teachers to use natural language to request an output to help with over 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, such as translation, summarization, writing feedback, tutoring, and math review. Tasks can be shown or hidden at 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. In less than a year since its launch, over 2 million educators have signed up for MagicSchool AI, and over 3,000 schools and districts have partnered with it, 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 launched 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 this funding round, MagicSchool AI will continue to expand the tools available to teachers and students, as well as grow its headcount. MagicSchool AI will also continue to expand its product, building on existing capabilities like generating lesson plans, classroom activities, rubrics, and personalizing instruction. KEY QUOTES: “We were blown away that MagicSchool AI has had such an outsized impact in a short period of time. 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.” Christina Melas-Kyriazi, partner at Bain Capital Ventures “With rapid advancements in AI, we have a once-in-a-generation opportunity to transform the educational system for the better. I believe that AI can help fight teacher burnout while simultaneously preparing students for a workforce that will expect AI competencies and skills.” Adeel Khan, founder and CEO of MagicSchool AI