Conversational AI Startup AdmitHub Raises $14M for Higher Ed Chatbots
Summary
Student engagement chatbot platform startup AdmitHub has closed a $14 million Series B funding round led by Rethink Education. The new financing will support AdmitHub as it expands its chatbot platform aimed at improving student enrollment and retention in higher education and changes names to Mainstay. The school can use the chatbot builder and trainer without any coding skills, sending the resulting bot into the world to email, text, and chat online with students. “Even amidst the turmoil of the past year, artificial intelligence has played a transformative role in institutions’ efforts to communicate quickly and effectively, in ways that improve access and retention at scale.” AdmitHub says more than three million students have interacted with its AI since it was founded in 2014. “Partnering in close collaboration with schools around the country, we’re building an empathy engine for higher education that will enable institutions and their students to navigate even the biggest and most unexpected obstacles.”