Packback, a Chicago, IL-based provider of an AI-enabled writing and discussion platform, received an investment from PSG Equity.
The amount of the deal was not disclosed.
Commenting on the news, Kelsey Behringer, CEO of Packback, said: “We are all incredibly excited to partner with PSG as we strive to advance our shared goal of getting more feedback to all students earlier in the learning process.”
Packback provides proprietary AI functions as a digital writing assistant, helping to build students’ confidence by providing individualized feedback before they submit their assignments. For educators, the platform offers scaffolded, AI-powered support to make the grading process easier, giving them more time to provide personalized, content-specific feedback. The proprietary AI and machine learning technology provides inquiry-based online discussion via their flagship product, Packback Questions, and long-form writing support with Packback Deep Dives, to over 10,000 instructors and over 1.5 million students, across thousands of courses in K-12 and higher education.
FinSMEs
22/03/2024