{"id":6593,"date":"2018-05-30T09:00:35","date_gmt":"2018-05-30T13:00:35","guid":{"rendered":"https:\/\/news.elearninginside.com\/?p=6593"},"modified":"2018-05-31T09:27:16","modified_gmt":"2018-05-31T13:27:16","slug":"selfstudy-raises-3-million-in-seed-round-led-by-the-iars","status":"publish","type":"post","link":"https:\/\/news.elearninginside.com\/selfstudy-raises-3-million-in-seed-round-led-by-the-iars\/","title":{"rendered":"SelfStudy Raises $3 Million in Seed Round Led by the IARS"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">On Wednesday, SelfStudy announced they have received seed round funding to the tune of $3 million led by the International Anesthesiology Research Society (IARS). <a href=\"https:\/\/news.elearninginside.com\/self-study\/\">The AI-powered cloud platform has an ambitious goal<\/a>. With its algorithm, it hopes to personalize learning in professional fields by partnering with industry leaders and content providers. Its product is officially available for commercial licensing. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The algorithm used by SelfStudy was initially a project of leaders at MIT and the IARS. In numerous\u2014if not all\u2014medical fields, research and new sets of best practices tend to develop at a lively pace. It isn\u2019t easy for practicing professionals to both keep abreast of these developments while doing their job.<\/span><\/p>\n<h1>Delivering Personalized Training with an Artificially Intelligent Platform<\/h1>\n<figure id=\"attachment_6596\" aria-describedby=\"caption-attachment-6596\" style=\"width: 357px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6596\" src=\"https:\/\/news.elearninginside.com\/wp-content\/uploads\/2018\/05\/screen-shot-2018-05-29-at-1-07-50-pm.png\" alt=\"SelfStudy\" width=\"357\" height=\"638\" srcset=\"https:\/\/news.elearninginside.com\/wp-content\/uploads\/2018\/05\/screen-shot-2018-05-29-at-1-07-50-pm.png 501w, https:\/\/news.elearninginside.com\/wp-content\/uploads\/2018\/05\/screen-shot-2018-05-29-at-1-07-50-pm-168x300.png 168w\" sizes=\"auto, (max-width: 357px) 100vw, 357px\" \/><figcaption id=\"caption-attachment-6596\" class=\"wp-caption-text\">SelfStudy in action.<\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">Using machine learning and item response theory, SelfStudy constantly reevaluates a given field, assesses the importance of professional development content, tracks learners\u2019 progress, and matches them with the most relevant material. <\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u201cWe built SelfStudy360 to transform the way organizations deliver their content and formal learning programs,\u201d said SelfStudy CEO Brenda McLaughlin. \u201cOur mission is to accelerate the mastery of new knowledge through personalized learning. To achieve that goal we use proven education methodologies and the most advanced technology available so professionals can always have the knowledge they need to be the best at what they do.\u201d<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The company recently premiered their product at the IARS Annual Meeting along with the Digital Now conference. Reactions were positive in both venues. The IARS has officially adopted the platform for ongoing training to its members.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cSome users expressed interest in seeing even more material available through IARS360; in particular,\u00a0articles from outside journals not specific to anesthesiology but to related interests, such as neurosurgery,\u201d McLaughlin said.<\/span><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p5\"><span class=\"s2\">\u201c<\/span><span class=\"s1\">Education program managers were impressed<\/span><span class=\"s3\">\u00a0that\u00a0<\/span><span class=\"s1\">SelfStudy360 could provide such a powerful experience<\/span><span class=\"s3\">\u00a0<\/span><span class=\"s1\">without requiring further development<\/span><span class=\"s3\">\u00a0or<\/span><span class=\"s1\">\u00a0tagging of files. SelfStudy360&#8217;s compatibility with\u00a0<\/span><span class=\"s3\">an\u00a0<\/span><span class=\"s1\">existing LMS and other systems<\/span><span class=\"s3\">\u00a0already<\/span><span class=\"s1\">\u00a0in place was also a hit.\u201d<\/span><\/p>\n<h1 class=\"p5\"><span class=\"s3\">Where SelfStudy Is Headed<\/span><\/h1>\n<p class=\"p5\"><span class=\"s3\">McLaughlin and CTO Cart Reed have also seen some interest in using their platform in high school, university, and with language learning. <\/span><\/p>\n<p>\u201cWe will continue developing to our product road map, and expanding our sales and marketing efforts. We are\u00a0also\u00a0looking to build\u00a0our client base across different disciplines,\u201d McLaughlin said.<\/p>\n<p class=\"p5\"><span class=\"s2\">\u201c<\/span><span class=\"s1\">On the product side, we<\/span><span class=\"s3\">\u00a0are<\/span><span class=\"s1\">\u00a0improving the curation workflow for our customers, in particular by simplifying question creation by auto-generating questions from text and videos. We&#8217;re also adding new tools to provide early warning systems for teachers and curators using statistical analysis and user feedback.\u201d<\/span><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p5\"><span class=\"s2\">\u201c<\/span><span class=\"s1\">We&#8217;re also in early development of a new discovery tool that displays what the system thinks the user is thinking about. This display changes from second to second as a user opens new items, favorites articles or takes questions. As such, it presents\u00a0what is at the top of someone&#8217;s mind at the moment &#8212; along with the complexity and difficulty of activities that engage them. It gives teachers insight into an individual or a group of student<\/span><span class=\"s3\">s\u2019\u00a0<\/span><span class=\"s1\">interests, engagement, learning path, and performance<\/span><span class=\"s3\">\u00a0<\/span><span class=\"s1\">to inform their decisions about what to present next.\u201d<\/span><\/p>\n<p>Cover Image: Marcelo Leal, Unsplash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, SelfStudy announced they have received seed round funding to the tune of $3 million. The AI-powered cloud platform has an ambitious goal. With its algorithm, it hopes to personalize learning in professional fields by partnering with industry leaders and content providers. Its product is officially available for commercial licensing.<\/p>\n","protected":false},"author":11,"featured_media":6595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[6286],"class_list":["post-6593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-ai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SelfStudy Raises $3 Million in Seed Round Led by the IARS - eLearningInside News<\/title>\n<meta name=\"description\" content=\"On Wednesday, SelfStudy announced they have received seed round funding to the tune of $3 million. The AI-powered cloud platform has an ambitious goal. 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