14 September 2022
Paris, 14 September 2022 – Innovacom, a venture capital pioneer in France, and Inco Ventures, an expert in impact investing, are acquiring a stake in ProfessorBob.ai. The start-up is developing a virtual teaching assistant that harnesses artificial intelligence to help students learn faster and more effectively. Thanks to this solution, ProfessorBob.ai aspires in particular to help lower the school drop-out rate.
Dedicated to supporting innovative tech start-ups that stand out as trailblazers in the environmental, economic and industrial transition, Innovacom is acquiring a stake in ProfessorBob.ai through its “Avenir Numérique” fund. Fund manager Inco Ventures is also participating in this €4 million funding round, led by Expen.
Created in 2019 by François-Xavier Hussherr (PhD ENS / MIT, founder of edtech companies LeLivreScolaire and Gutenberg Technology) and Samy Lahbabi (École Polytechnique) with support from the CNRS (French National Centre for Scientific Research) and the Paris-Saclay Technology Transfer Acceleration Bureau, the ProfessorBob.ai DeepTech programme has developed an artificial intelligence tool based on highly innovative Natural Language Processing (NLP) technologies.
The solution is able not only to teach and interact with students by asking and answering questions, but also to customise learning formats depending on the aptitudes and difficulties of each individual learner. Students thus learn more quickly and more effectively: the results of an A/B testing study centred on one of the company’s clients demonstrated that students using ProfessorBob.ai solutions learn twice as fast and exhibit significantly higher overall rates of academic success. Thanks to this innovation, the start-up aims to fight against early school leaving.
Hosted by the École Polytechnique, ProfessorBob.ai is rolling out several complementary SaaS solutions among academic institutions and training providers in France and abroad, including the French National Distance Learning Centre (CNED), Apprentice training centres in the automotive sector (in partnership with the French National Automotive Training Association – ANFA), as well as Arizona State University, with the aim of enhancing learning effectiveness:
“Education will have to progress more in the coming decade than in all of the past century. Thanks to AI, knowledge modelling and customization of learning pathways, we aim to support the digital revolution in education while making equitable, inclusive and high-quality education available to all,” said François-Xavier Hussherr, co-founder and CEO of ProfessorBob.ai
“The service developed by ProfessorBob.ai teams offers an unprecedented opportunity to adapt teaching structures to the needs of every student, regardless of the subject being taught. In this regard, digital technologies truly benefit society. That is the prime focus of our investments, side by side with disruptive technologies that contribute to the major environmental and industrial transitions of our time. We are very glad to be supporting ProfessorBob.ai in its development and the roll-out of its solution in France and the United States,” added Alban Nénert, Innovacom Associate.
“Pursuing a civic-minded goal of helping a million struggling learners by 2025 thanks to cutting-edge technology, ProfessorBob.ai perfectly embodies the impact-driven DeepTech company of tomorrow. We are proud and excited to be guiding this team as it sets out to conquer world of inclusive education,” concluded Carole Cazassus, EdTech Investment Officer at Inco Ventures.
Created in 2019, ProfessorBob develops a virtual teaching assistant that allows students to learn more efficiently and faster, thanks to state-of-the-art Artificial Intelligence technologies including Automated Language Processing (NLP / Natural Language Processing). ProfessorBob aims to make learning and training accessible to millions of learners around the world, by supporting them in a personalized way throughout the learning process, regardless of the discipline taught. In a few hours, ProfessorBob.ai’s technology can transform bodies of knowledge from any discipline and professional skill into thousands of questions and answers.