Tuesday, July 2, 2024
HomeEdTech MarketMilan-Based Futura Raises $15M in Series A Funding

Milan-Based Futura Raises $15M in Series A Funding

-

Futura, an AI-powered education technology company, has recently announced that it has successfully raised $15 million (€14 million) in Series A funding. Co-founded in 2020 by Andrea Chirolli, Francesco Salvatore, and Lorenzo Pinto, Futura has developed an innovative algorithm that personalises and optimises students’ learning trajectories. This algorithm replicates the experience of working with a highly skilled private professor, resulting in impressive outcomes.

The company claims that students using the platform have a 3.5 times higher chance of passing tests than traditional learning methods. Its innovative algorithm optimises and tailors the study method to their unique needs. Moreover, the algorithm automatically addresses students’ inquiries, making customer support more efficient and faster.

Speaking about the company, Andrea Chirolli, Co-founder of Futura, said:  

We have a strong proven track-record on growth, but what counts are our people. We set a different standard, and this is what drives our success. Why I love working at Futura: we have a very high bar, and we’re kind with each other. I firmly believe these two go hand in hand, and this is what makes us attract top talents.

The startup believes that traditional education methods need to be updated and keep up with the potential of modern technology. It views AI as a game-changer in the EdTech space, enabling personalised learning at scale and an affordable price, thereby making education more accessible to all.

Alexandre Dewez, Vice-President of Eurazeo, added:

We’re convinced that Futura provides a value-added solution for the entire education ecosystem in Italy. We’re thrilled to partner with Andrea, Lorenzo, Francesco and the rest of the Futura team, leveraging its unique AI capabilities to build the next education leader in Europe.

To further enhance the learning experience, Futura has developed Alice. This AI-powered virtual tutor uses large-language models to generate customised explanations and learning materials tailored to each student’s level, knowledge, and learning style. As per the company, this product will significantly impact education and help the next generation of learners multiply their learning speed. It is well-positioned to lead the charge in this new era of EdTech, making education more personalised, efficient, and accessible to all.

For regular updates about Moodle, eLearning and edtech industry, please visit us regularly at https://lmsdaily.com. You can also like us on Facebook or follow us on Twitter, or Subscribe our YouTube Channel.

How to use Moodle Book

 
Jaswinder Singh
Jaswinder Singhhttps://lmsdaily.com
I am an experienced Moodle Professional with experience in Moodle Course Creation, Moodle Setup, Moodle Integration, Moodle Training, Moodle Support & troubleshooting. YI am the author of popular books - "How to use Moodle 4.1" and "how to use Moodle 2.7". I work with one goal in mind “CUSTOMER SATISFACTION” – whether this means working to achieve results within a specific deadline (or beating the deadline), or with a focus on solid quality, if my client requires the job to be done I will go out of my way to achieving whatever it is that is necessary to do so. Basically, I can take care of your all Moodle requirements so that you can focus on your core job and I will manage your Moodle LMS.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Popular Posts

Authentica Solutions Raises $6.2M in New Funding to Expand Its Operations

Authentica Solutions, a leader in data integration and intelligence management solutions for the education sector, has recently announced the successful completion of a $6.2...

Moodle Admins – Create custom reports in Moodle using Configurable reports plugin

Moodle LMS is the most popular open source learning management system with more than 420+ million users in the world. Wherever elearning is used...

Moodle Teachers – How to use the Ordering Question type in Moodle

Moodle 4.4 - the latest major version of the Moodle LMS is packed with a lot of exciting new features. One of such is...