Astrid develops machine learning-powered educational products. Magical Schoolbook is its artificial intelligence-powered (AI-powered) English language-learning platform for children and teenagers. Magical Schoolbook contains a library of books and stories; it actively listens to the reader and automatically adapts to the reader’s learning style, level of understanding, and pace. It also tracks progress and provides recommendations to teachers and parents.
Funding and financials
In April 2021, the company raised USD 4 million in a seed round of funding through a group of angel investors. It planned to use the funds for product development, expand its market presence and to expand the team.
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