Panorama Education has acquired Class Companion, an AI tool that seeks to provide feedback and tutoring to students.
Terms of the deal were not disclosed.
Panorama, which offers a suite of data-focused student and community engagement products, said the deal allows it to further develop and expand its recently launched AI platform Panorama Solara.
“Class Companion builds on our platform by giving educators powerful tools to personalize instruction, offer real-time feedback, and engage students more deeply,” Panorama CEO and co-founder Aaron Feuer said in a statement.
Class Companion’s product is designed to help teachers differentiate lessons for students, create interactive assignments, and offer recommendations based on students’ progress.
The startup’s funding to date includes $4 million in a 2023 seed funding round led by Index Ventures, with participation from the OpenAI Startup Fund and angel investors including operator and advisor Gokul Rajaram, managing director of Otherwise Fund Terrence Rohan, and Andrej Karpathy, founding research scientist at OpenAI and former senior director of AI at Tesla.
Joining Panorama will give Class Companion additional reach, Class Companion CEO and co-founder Avery Pan said in a statement, adding that it will allow the companies to expand their “impact even further, enhancing the classroom experience with AI and enabling teachers to create better learning experiences for students.”
Panorama reports having 2,000 district customers across the U.S.
Kollegio raises $2.8 million seed round. Kollegio, an artificial intelligence-driven platform aimed at personalizing the college planning process for high school students, raised $2.8 million in a seed round led by Reach Capital.
The startup said the funding will support its work establishing partnerships with higher education institutions globally.
Kollegio’s platform is designed to act as a virtual college counselor, the company said, and serve districts and schools that lack a counselor or a sufficient number of counselors to serve its student population.
In addition to Reach Capital, JFFVentures, ECMC Group, and Tuesday Capital also participated in Kollegio’s funding round.
The company is “tackling a major gap in the college admissions process,” James Kim, Reach Capital Partner, and a former Yale University admissions officer, said in a statement.
The current admissions process “disproportionately favors those who can afford private counseling services,” Kim said, but Kollegio is “leveling the playing field.”
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The company reports having 1 million students as users on the platform in 50 states and 190 countries. It says 66 percent are from households with less than $100,000 in annual income.
The seed round “marks a significant moment for Kollegio as well as the future of college admissions,” Kollegio CEO and co-founder, Senan Khawaja, said in a statement.
Fellow co-founder, Kollegio CTO Saeed Naeem, said in a statement that because of the backing of investors like Reach and ECMC — the investment arm of student loan guaranty agency ECMC Group — and support from “forward thinking NGOs like JFF,” Kollegio is “confident that the market is ready for solutions like Kollegio to eliminate foundational barriers to college – no matter where students live, or how much their parents make,” he said.
ZSpace buys Second Avenue Learning. ZSpace, an augmented and virtual reality ed-tech company, has acquired Rochester, N.Y.-based Second Avenue Learning, makers of custom educational software and games.
Terms of the deal were not disclosed.
ZSpace, which went public in December 2024 with a $10.8 million IPO, offers a proprietary hardware and software system for augmented and virtual reality.
School district customers, which make up its largest user base, purchase a “lab” of 27 specialty laptops and cart. The product is designed to create immersive, interactive, 3-D experiences for students, often in STEM or career and technical education courses. The technology includes eye-tracking and hand-held styluses that aim to allow students to pick up, dissect, and work with virtual objects.
Acquiring Second Avenue Learning and integrating its interactive, standards-aligned learning modules into zSpace’s current offerings will allow zSpace to bolster its content and offer a larger set of tools to educators, the company said.
The acquisition is a “transformative moment for zSpace and the future of education,” Paul Kellenberger, CEO of zSpace, said in a statement. “By bringing Second Avenue Learning into the fold, we’re combining our immersive AR/VR platform with their exceptional ability to craft meaningful learning experiences.”
Tory Van Voorhis, founder and CEO of Second Avenue, said in a statement that the deal is an “incredible opportunity to amplify our mission of blending technology with education to reimagine learning.”