After concluding deals with public and private school networks in Israel, Korea and Japan, EdTech startup MagniLearn, founded by artificial intelligence (AI) researchers from the Hebrew University of Jerusalem, has been selected by Microsoft Israel in its AI for Good Acceleration Program as the most promising startup innovation in the field EdTech, the company announced Monday.
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MagniLearn uses algorithms for smart learning, focusing first on teaching English as a foreign language in schools. However, its algorithms can teach any subject that is verbal and topic-based.
Announcing the award, Raz Bachar, Israel & Global Industry Lead at Microsoft for Startups, said that, "we were impressed by MagniLearn's use of AI and Natural Language Processing to personalize lessons for students according to their personal level and needs. That's one more example of how AI can change the world for the better."
"MagniLearn's algorithms discern each student's strengths and weaknesses, and automatically tailor the next lesson to just that student," said MagniLearn CEO Lana Tockus. "MagniLearn has succeeded in building sufficient language-awareness to assess what students know, what they need guidance on, and how best to phrase the feedback in the student's native language to accelerate them to the next level," she continued.
"Developing strategic relations with Fortune 500 companies is always a great sign, but cooperation with Microsoft is exactly what a great Ed-Tech firm needs to reach global markets," said Moshe Raines, CEO of Labs/02 and General Partner at Israel's most active VC, OurCrowd. "Microsoft's vote of confidence and guidance can help propel MagniLearn to have a great impact globally," he continued.
