Embedding VC

Announcing MagicSchool's $15m Series A Raise As a lifelong teacher and principal, I started MagicSchool AI to bring an AI assistant to every educator and help fight the crisis of burnout in schools. It began by building and sharing simple to use AI tools that would have helped me while in the classroom. The tools struck a chord and garnered a fast growing community of educators. Inspired by their feedback, we continued to grow the platform with even more education-specific tools to assist them. And it worked. In less than a year since launch, over 2 million educators have signed up for the platform, over 4,000 schools and districts have joined us as partners, and MagicSchool is the fastest growing technology platform for schools ever. It’s found its way into workflows like nothing else before it - led by a grassroots movement of educators who are sharing the love every day. So, what’s next? We’ve always believed that Teachers are Magic, not the AI. An educator who is trusted, empowered, and has great relationships with their students - that’s when magic happens. In our new MagicSchool for Students platform, we put the power of AI in the hands of educators and allow them to build and customize AI tools for their students. It’s currently growing even faster than our educator platform and has been used by hundreds of thousands of students in just over a month since launch. MagicSchool’s AI can help address big challenges in schools right now for students like supporting language learning, adaptive 1:1 tutoring, differentiating instruction, just-in-time supports for students, and more - but it can also help us imagine a more engaging education system for students. A system where more educators challenge students to use AI to spur creativity and ideation, build revenue generating businesses from school, write scripts for the next big Broadway show, manifest feature-length films, create new types of stories and art while their imagination is at its peak, build their own apps used by millions, find the next scientific breakthrough, and so much more. With educators at the forefront of this technological change, we have a once in a generation opportunity to transform the educational system for the better. MagicSchool is here to stay - and I couldn’t be more optimistic about the future. A sincere thank you to partners who contributed to our $15.3m funding round to help serve educators and students around the world led by Bain Capital Ventures along with experts in education, AI, and the future of work including Range Ventures, Adobe Ventures, Common Sense Media, Embedding VC, Amjad Masad (Founder of Replit), Dan Carroll, Tyler Bosmeny, Rafael Garcia (Co-Founders of Clever Inc.), Amir Nathoo (Co-Founder of Outschool), Other Ventures, Claire Fisher, and Jill Fisher Bowen.

Today, Bain Capital Ventures and Headline recognize 50 emerging vertical SaaS companies with our second annual Vertical SaaS 50! 🏭 We continue to see founders building in fragmented industries that are heavily document based: Once again, we had strong company representation in architecture, engineering and construction (AEC) with the likes of BuildVision, Trayd, Trunk Tools and XBuild, as well as in logistics, with Axle, Boon, Cargado and Pallet. This year, we saw more companies building in professional services with Eve, Garden, and Materia AI, financial services with Rogo and Zocks, and government with Forage and Polimorphic. ✨ Advancements in AI have unsurprisingly unlocked many vertical SaaS capabilities: Companies like Bolo AI offer an AI-powered knowledge platform for oil & gas, MagicSchool AI provides K-12 teachers with a co-pilot and Norm Ai uses AI agents to take care of regulatory compliance. Taylor Brandt and I are excited to hear from you! If you are building a vertical SaaS company or have recommendations for our 2025 list please reach out to us directly. Read more here: https://lnkd.in/ee8YFHTx

We’re excited to announce that we have officially raised our $9.5M Seed round 🚀 The round is led by Index Ventures, with significant contributions from Tomasz Tunguz at Theory Ventures. 20SALES, Firestreak Ventures and several prominent tech executives also participated. We're truly grateful for the incredible support from our growing community, contributors, alpha-users, and investors. Together we’re building the Vector Computer to transform complex enterprise data into vector embeddings, unlocking the potential of GenAI. “We’re very bullish on the future of vector databases, but a significant gap remains in the market. Most companies don’t have the ML and infrastructure capabilities needed to vectorize their full data landscape, which limits the potential of any downstream ML application,” said Bryan Offutt, Partner at Index Ventures. “What Daniel, Ben, and the Superlinked team created bridges this gap. This is tremendously difficult to do. They’ve built a novel way for companies to turn all the unstructured and structured data they have on their users, products, or media into vectors, transforming the way companies search, analyse, and understand their data.” Learn more about our latest funding round from our CEO and Co-Founder, Daniel Svonava, here: https://lnkd.in/eE8HnaHx #superlinked #vectorsearch #funding

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