MagniLearn, an Israel-based AI-centric startup that provides students with individualized lessons based on their progress, raised a $2.8 million seed funding.
The round was led by crowdfunding platform OurCrowd‘s incubator Labs/02 and India’s Reliance Industries, in addition to the Israeli Innovation Authority and several private investors.
MagniLearn plans to use the new funding to expand its presence in the Asia-Pacific region. Currently, MagniLearn’s product focuses on teaching English.
Company: MagniLearn Ltd.
Raised: $2.8M
Round: Seed Round
Funding Month: October 2021
Lead Investors: Labs/02
Additional Investors: Reliance Industries and Israeli Innovation Authority
Company Website: http://www.magnilearn.com/
Software Category: Efficient English learning platform
About the Company: MagniLearn, an AI-centric startup that provides students with individualized lessons based on their progress. MagniLearn is coordinating with schools worldwide, empowering them to efficiently and rapidly improve language learning productivity by using our customized and personalized online English learning platform that teaches and guides students to the highest level of English proficiency. MagniLearn provides a hybrid, efficient English learning platform. The platform has been developed upon a flexible content model which allows us to easily adapt to any school curriculum and automatically, in real-time, create lessons that match the student's strengths and weaknesses.
Source: https://techcrunch.com/2021/10/19/magnilearn-uses-ai-to-help-students-learn-new-languages-raises-2-8m/