Dive Brief:

• On Thursday, DreamBox Learning announced that it had raised $10 million in funds during a series B round.
• The company offers personalized math learning, using an artificial intelligence program that delivers content based on students’ past decisions.
• The round was led by Owl Ventures, whose co-founder will join the company’s board, and also included Tao Capital Partners.

Dive Insight:

The company, which is currently used by nearly 1.5 million K-8 students, will use the funds to update its adaptive platform and develop additional products for teacher training. The program focuses on developing students’ conceptual understanding of math, a key component of new Common Core state standards.

“We are honored to welcome Owl Ventures and Tao Capital Partners to our family. We share the belief that all students deserve an engaging, personalized and effective learning experience, regardless of the zip code in which they live,” Jessie Woolley-Wilson, CEO of DreamBox Learning, said in a press release.