Sydney startup Canopy Study raises $1.1 million for AI education platform

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Written By Chris

Canopy Study founders from left to right: Andre Avedissian, Founder & CFO/COO, Ethan Catzel, Founder & CTO, Dean Mikan, Founder & CEO

Cover Research founders from left to proper: Andre Avedissian, founder & CFO/COO, Ethan Catzel, founder & CTO, Dean Mikan, founder & CEO.

Sydney-based edtech start-up Cover Research has raised $1.1 million in seed funding to develop its AI-driven studying platform that seeks to personalise studying supplies for college kids — and lower down busy work for lecturers.

Based in 2020, the corporate’s data-driven platform makes use of proprietary algorithms to transform coursework and curriculum knowledge into studying sources.

Knowledge could be reworked into assessments, quizzes and flashcards in a matter of minutes, giving educators again invaluable time to dedicate on to in-person studying with college students.

Studying sources can even adapt to college students’ distinctive studying types and mannequin optimised studying patterns.

The seed spherical was led by Australian VC Folklore Ventures.

The funds will assist the group speed up its product growth and let the startup construct out its group throughout Australia.

By creating adaptive studying supplies at scale, Cover Research claims it might probably empower lecturers and college students globally to “obtain their most potential, out and in of the classroom”.

Co-founder and chief govt Dean Mikan says the founding trio based Cover Research based mostly on a mission to degree the training enjoying subject.

“To attain this we have to help lecturers with know-how that enhances their capacity to ship personalised studying journeys to each pupil,” Mikan mentioned.

Whereas AI is now used throughout numerous industries to assist energy effectivity, productiveness, and resolution making, its potential in training has been largely missed.

“Our objective is to alter that and present the world what’s doable while you carry AI into the classroom,” he mentioned.

Investor at Folklore Ventures Dan Fleming says the fund was trying ahead to serving to carry Cover Research’s platform to a sector that has “traditionally been underserved by know-how”.

The shortage of efficient know-how in training was solely exacerbated by the pandemic, Fleming says.

“We imagine within the energy of merging training and know-how and are drawn to Cover Research’s imaginative and prescient to ship world-class academic experiences that can form the way forward for studying — not simply in Australia, however throughout the globe.”

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