NAPA, CALIFORNIA - 09/11/2018 — Amira Learning, the startup reinventing learning to read with AI, closed a $3 million seed round, lead by Vertical Ventures Partners, and with addition participation from other leading seed funds and the CEO.
The round will fund the upcoming launch of the first Intelligent Reading Assistant able to help developmental readers master foundational reading skills. Research shows that mastery of reading by the end of grade 3 is highly correlated with a child’s future quality of life. Those who fall behind end up 4x more likely to drop out and face significantly lower career earnings.
Carnegie Mellon University’s AI team worked for more than two decades to produce technology able to replicate the dynamic of an adult reading along with a child, bootstrapping the young reader’s vocabulary and comprehension with interactive coaching. CMU’s project generated more than 100 published papers and culminated in multiple successful field tests. Amira is extending Carnegie Mellon’s AI break-throughs with automated Oral Reading Fluency assessment and enhanced speech recognition, readying the Intelligent Reading Assistant for use in U.S. schools.
“Amira is a force multiplier for stretched teachers," said Mark Angel, CEO of Amira Learning. “Reading is an unnatural act. Proficiency requires an enormous number of practice hours. For the first time, technology is able to supplement the efforts of teachers, parents and grand-parents, actually helping a child learn to read.”
Amira is the intersection of reading science and Artificial Intelligence. She is an engaging avatar that listens to children’s speech, detects reading errors, responds with targeted interventions and uses advanced analytics to provide insight to teachers.
Benefits for Students
Benefits for School Districts
Benefits for Teachers
For a personalized demo of Amira, email email@example.com.
About Vertical Venture Partners
Vertical Venture Partners (“VVP”) is a Silicon Valley-based venture capital firm founded in 2015 by Dave Schwab, a 20-year veteran in early stage technology investing. VVP focuses on making Seed and Series A investments in B2B technology companies targeting pain points in specific vertical sectors as opposed to those providing horizontal technologies to many industry sectors. The VVP team has decades of operating and investment experience gained from diverse backgrounds in venture capital, research & development, investment banking and advanced technology.
Please visit www.vvp.vc to learn more.
About Amira Learning
Amira Learning is re-inventing learning to read with AI. Amira is the first interactive avatar able to assess, read along with and coach developmental readers. Amira utilizes technology developed by Carnegie Mellon University and is led by the former senior technical managers at Renaissance Learning, the leader in Reading Assessment and Practice software in K-12 classrooms.
For more information, visit www.amiralearning.com.
For additional information:
CONTACT Mark Angel
Amira Learning Raises $3 Million Seed Round to Debut an AI Reading Tutor
Leveraging 20+ Years of Research at Carnegie Mellon,
Amira Assesses, Reads Along With and Coaches Young Readers
Source: Amira Learning, September 10th, 2018
Media Contacts:Company Name: Amira Learning