The best higher education aims to be more inclusive and less exclusive to people from all backgrounds. A company called Ocelot today announced a sizeable investment to develop further tools to support that effort.
The business has funded $117 million and provides an AI-based platform to make it simpler for colleges and their students to communicate about applications for financial assistance and other services. With this money, it will broaden its offerings, which have already had 12 million questions asked and answered through them in the previous year alone, and are currently utilized by close to 500 schools and institutions and approximately 8 million students.
K1 Investment Management, a well-known name in later-stage SaaS investments, is the lone investor in this round, which is the first time Ocelot has ever received outside funding. Before this, the Boulder, Colorado-based company was totally bootstrapped, which allowed it to start making money immediately away. It is being coy about the deal’s other financial specifics as well as its own worth.
Ocelot’s scholastic achievement is accompanied by a stronger increase in customer interaction in the wider commercial sector.
The engagement has evolved into one of the most important metrics in our digital world since it’s all too easy for people to slack off or entirely tune out when an online or digital experience is either too busy, too complex, or they just get too sidetracked by something else. Engagement measurement and improvement have become two of the most crucial ways for businesses to judge how well a plan is working.
Similar to this, there is an opportunity for solutions that will make services easier to use as more and more services become digital.
