{"id":29715,"date":"2023-08-03T22:00:47","date_gmt":"2023-08-03T22:00:47","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/08\/03\/gostudent-adds-another-95m-to-its-war-chest-to-go-after-vr-and-ai-enhanced-tutoring-techcrunch\/"},"modified":"2023-08-03T22:00:47","modified_gmt":"2023-08-03T22:00:47","slug":"gostudent-adds-another-95m-to-its-war-chest-to-go-after-vr-and-ai-enhanced-tutoring-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/08\/03\/gostudent-adds-another-95m-to-its-war-chest-to-go-after-vr-and-ai-enhanced-tutoring-techcrunch\/","title":{"rendered":"GoStudent adds another $95M to its war chest to go after VR and AI-enhanced tutoring | TechCrunch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\"><a href=\"https:\/\/www.gostudent.org\/\" target=\"_blank\" rel=\"noopener\">GoStudent<\/a> \u2014 the late-stage tutor marketplace that has raised $686.3 million so far \u2014 has now raised another $95 million in what it calls a strategic fundraise from Deutsche Bank and other investors, including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. The raise was described as a mix of equity and debt capital.<\/p>\n<p>The company has been on something of an acquisition roll, using its war chest to roll-up complementary products, such as its <a href=\"https:\/\/techcrunch.com\/2022\/12\/02\/gostudent-uses-its-warchest-to-acquire-large-network-of-traditional-tutoring-centres-in-europe\/\" target=\"_blank\" rel=\"noopener\">acquisition<\/a> last year of Germany-based Studienkreis, a traditional tutoring company.<\/p>\n<p>The edtech unicorn (which has attained an estimated \u20ac3 billion valuation) says the raise will be used to bring \u201cenhanced hybrid learning solutions to the DACH region.\u201d In plain English, that means more online and offline educational support and an expansion of the use of its GoVR \u2014 GoStudent\u2019s newly launched virtual reality language learning platform.<\/p>\n<p>And of course, the company now says it has an \u201cAI vision\u201d and plans to \u201cprioritise the creation of AI-driven tools.\u201d Join the AI queue\u2026<\/p>\n<p>It now has around 23,000 tutors on its platform and will develop an \u201cAI lesson plan generator\u201d trained on the local curriculum. The idea is that it will save each tutor an average of 15 minutes per lesson.<\/p>\n<p>In a statement GoStudent CEO and co-founder Felix Ohswald said: \u201cWe see daily the impact that tailored learning can have on a child\u2019s confidence. By offering AI-driven study support or virtual reality lessons in group environments, alongside traditional tutoring, a truly bespoke learning path can be created for each individual child \u2013 readying them for their future.\u201d<\/p>\n<p>Harley Miller, CEO and managing partner at Left Lane Capital, added: \u201cAs GoStudent doubles down on its existing VR capabilities, introduces smart AI tools, and drives synergies with Studienkreis, we see even further potential to complete its vision of hybrid offline and online tutoring.\u201d<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2023\/08\/03\/gostudent-adds-another-95m-to-its-war-chest-to-go-after-vr-and-ai-enhanced-tutoring\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GoStudent \u2014 the late-stage tutor marketplace that has raised $686.3 million so far \u2014 has now raised another $95 million in what it calls a strategic fundraise from Deutsche Bank and other investors, including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. The raise was described as a mix [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-29715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/29715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=29715"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/29715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/29716"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=29715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=29715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=29715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}