Amesite Inc. Raises $5.5 Million in Oversubscribed Financing Round
Summary
"To ensure employees have the in-demand skills they need to succeed in the future of work, and students and teachers have access to up-to-the minute learning materials, we are committed to investing in our machine learning and artificial intelligence-powered platform," said Dr. Ann Marie Sastry, chief executive officer, Amesite Inc. "Our most recent financing will be instrumental in helping us support our growing customer base of enterprises and higher education institutions, while bolstering our continued software innovation efforts and growth into new markets. Laidlaws Head of Capital Markets, Jim Ahern, commented, "Laidlaw is excited to be partnering with Amesite, who bring world class innovation and expertise that is needed to unlock the tremendous value of applying machine learning and artificial intelligence to learning environments. Amesites online platform includes customized user messaging and tracking as well as seamless integration of updated topics and materials into traditional course curriculum, creating a more meaningful experience for both students and instructors alike. Amesite is a high-tech artificial intelligence software company offering a cloud-based platform for learning products to be cost-effectively and conveniently delivered to learners online, in business, higher education and K12. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance.