Packback, a Chicago, IL-based education technology company, raised $1.5m in funding.
Backers included University Ventures, and ICG Ventures LLC, the corporate venture capital arm of Ingram Content Group, and Mark Cuban.
The company, which intends to raise additional funding through an upcoming Series A investment, intends to use the funds to continue to scale nationally.
Founded by Jessica Tenuta, Packback builds artificial intelligence to quantify and improve particular student success metrics at scale, such as student critical thinking, soft skills and curiosity, by analyzing a student’s written questions and essay answers.
Their product Packback Questions is a smart online discussion platform powered by their AI, where students engage in rigorous academic discourse as a core part of their instructor’s curriculum and coursework.
FinSMEs
21/09/2017