Welcome to our dedicated page for Amesite news (Ticker: AMST), a resource for investors and traders seeking the latest updates and insights on Amesite stock.
Amesite Inc. (NASDAQ: AMST) is a leading artificial intelligence (AI) software company headquartered in Detroit, Michigan, specializing in innovative online learning solutions. Amesite’s AI-driven platform and course designer rapidly deliver customized, high-performance, and scalable online products for educational institutions and businesses. The company serves a diverse range of clients including businesses, universities and colleges, and K-12 schools.
Amesite's mission is to enhance learning experiences and outcomes through advanced AI technology. Their platform leverages cutting-edge AI features such as Natural Language Processing (NLP) and generative AI models to offer student support and drive improved educational results. The platform supports a wide array of programs, ranging from technology upskilling and professional development to cohort-based and self-paced learning modules.
One of the company's notable achievements is maintaining a retention rate of 98% for paid learning experiences, significantly surpassing the industry average of 68-73%. This remarkable retention rate underscores the efficacy of Amesite’s programs in engaging and retaining learners.
Recent news highlights Amesite’s dynamic growth and impact:
- February 2024: The company reported a 169% increase in meetings and a 118% rise in sales opportunities following a pivot to a no-setup fee offer with no minimums.
- March 2024: Amesite launched a mobile safety application for Active Shooter Preparedness, developed with expert Chris Grollnek, marking a significant expansion into the safety training market.
- April 2024: The beta release of NurseMagic™, an AI-powered app for nurses, provides tools for professional tasks and continuous education, reflecting Amesite's entry into the B2C AI app market.
- May 2024: Amesite announced a five-year partnership with Franciscan Missionaries of Our Lady University to deliver healthcare training programs, expanding their impact in the healthcare sector.
Amesite also introduced Explorer Seminars, designed to help students engage with faculty from top institutions and enhance their college admissions prospects. The company's innovative solutions, strategic partnerships, and continuous technological advancements position Amesite as a formidable leader in the AI-driven ed-tech space.
For more information, visit https://amesite.com.
Amesite Inc. (NASDAQ: AMST) has partnered with the City University of New York (CUNY) to launch a professional learning program on a branded learning portal. This initiative aims to enhance CUNY's educational offerings, which reach over 500,000 learners annually. Dr. Ann Marie Sastry, Founder & CEO of Amesite, expressed enthusiasm for the collaboration, highlighting CUNY's unique position as the largest urban public university in the U.S. This partnership is expected to drive revenue growth for both Amesite and CUNY.
Amesite Inc. (Nasdaq: AMST) has priced its underwritten public offering of 3,750,000 shares at $0.80 each, totaling approximately $3.0 million. The offering will be managed by Laidlaw & Company (UK) Ltd. Proceeds from this offering will be allocated for general corporate purposes, including capital expenditures and working capital. The offering is registered under the effective registration statement filed with the SEC. This financial move aims to enhance Amesite's cloud-based learning platform services for various sectors, including business and government.
Amesite Inc. (NASDAQ: AMST), a leader in AI-driven online learning, announced that Dr. Ann Marie Sastry, the company's Founder & CEO, will participate in the Aegis Capital Corp. Virtual Conference from February 23-25, 2022. Dr. Sastry's presentation is scheduled for February 24 at 4:00 p.m. ET. Interested participants can access the event through an iCalendar link. Amesite specializes in providing scalable learning solutions for businesses, educational institutions, and government entities, enhancing upskilling and education through advanced technology.
Amesite Inc. (Nasdaq: AMST) announced an increase in its public offering of common stock to 3,750,000 shares at $0.80 per share, aiming to raise approximately $3 million. The offering, managed by Laidlaw & Company, is expected to close on or about February 16, 2022. Proceeds will be utilized for general corporate activities, including capital expenditures and working capital. This follows a previously effective registration statement with the SEC. The company focuses on AI-driven online learning solutions for various sectors, enhancing its growth potential in the education technology space.
Amesite Inc. (Nasdaq: AMST) announced the pricing of a public offering of 3,437,500 shares at $0.80 per share, totaling approximately $2.75 million. The offering is set to close on February 16, 2022, pending customary conditions. Proceeds will be used for general corporate purposes, including working capital and capital expenditures. Laidlaw & Company acts as the underwriter. A registration statement for the offering was previously filed and is effective.
Amesite (Nasdaq: AMST) announced plans for a "best efforts" underwritten public offering of its common stock. The offering's size and terms remain uncertain, contingent on market conditions. Proceeds will be allocated for general corporate purposes and working capital. Laidlaw & Company (UK) Ltd. is the sole book-running manager for this offering. The company had previously filed a shelf registration statement with the SEC, which was declared effective on November 1, 2021.
Amesite (Nasdaq: AMST) announced its successful migration to Microsoft Azure, completing the transition in just two months. This migration led to a 60% increase in delivery speeds, allowing Amesite to provide scalable, branded services to customers within 24 hours. CEO Dr. Ann Marie Sastry highlighted the importance of Azure's tools in enhancing scalability, security, and speed for customers. Amesite focuses on delivering effective online learning systems powered by artificial intelligence for various sectors, including businesses and government agencies.
Amesite Inc. (Nasdaq: AMST) announced a partnership with the Innovation Foundation, founded by Cathie Wood, to utilize Amesite's online learning platform for educational initiatives. The platform aims to prepare students and teachers for changes driven by technological innovation. Cathie Wood emphasized the need for innovative teaching methods, while Amesite's CEO highlighted the alignment of their technology with the foundation's mission. Reports from Ernst & Young and Deloitte noted the efficiency and shareholder returns of SaaS models, underscoring Amesite's strategic advantage in the evolving educational landscape.
Amesite Inc. (NASDAQ: AMST), a leader in AI-driven online learning, announces that CEO Dr. Ann Marie Sastry will present at Benzinga All Access on January 21, 2022, at 9:40 AM ET. Dr. Sastry plans to discuss Amesite's scalable platform designed for businesses, education, government, and nonprofits, highlighting a 10x revenue growth from 2020 to 2021. As eLearning revenue is projected to reach $1 trillion by 2027, Amesite aims to capitalize on this growth. For more details, visit Amesite's website.
Amesite (NASDAQ: AMST) has announced a partnership with The Ronald Reagan Presidential Foundation and Institute (RRPFI) to deliver eLearning through the Reagan Academy, set to launch publicly on February 18, 2022. The partnership aims to utilize Amesite's advanced AI-driven learning platform to provide accessible and engaging educational programs, promoting individual liberty and economic opportunity. RRPFI selected Amesite for its scalability, security, and ability to meet complex educational needs, reflecting Amesite's commitment to advancing global learning impact.