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Amesite Inc. (NASDAQ: AMST)

 

Amesite Inc. (NASDAQ: AMST) is a high-tech artificial intelligence software company offering a cloud-based platform and content creation services for K-12, college, university and business education and upskilling. Amesite's platform enables every business, institution and school to launch outstanding online learning programs, branded-to-them, in just days: easily, affordably and effectively.

Amesite-offered courses and programs are branded to its customers. The company's customers gain mass customized environments for their learners, through cutting-edge, disruptive technologies and services, as well as patent-pending features. With over 98% retention of learners across all of its programs, Amesite gives customers an online solution for delivering learning that works!

With no institution-wide training required, Amesite launches learning programs in just weeks or days. The platform's ease of use is unparalleled – and Amesite offers full training and customer support for customers and users! Signup is simple, and Amesite also integrates 1,000s of APIs, making sure that the solution works with existing tools and scales to customer needs.

Amesite uses artificial intelligence technologies to provide customized environments and greater accessibility for learners and easy-to-manage interfaces for instructors, in the U.S. education market and beyond. Amesite adheres to a business model that combines scalability and flexibility, positioning the company for growth in three main expanding markets: employee learning and development, K-12 and higher education.

Customized Solutions for Learning Communities

The company provides its services via a cloud-based, single-threaded, single page application that easily integrates with existing educational tools and systems while also enabling integration of best-in-class third party tools and custom-built features. In addition, the platform offers end-to-end security, as all hosting is handled by Amesite and any collected data is only used to improve learning.

Business Solutions

Through its customized and scalable online learning products delivered via a single, easy-to-use platform for both compliance and training, Amesite enables businesses to quickly and efficiently improve team performance.

Amesite's products were designed to identify and address key issues in professional development learning, allowing customers to efficiently identify skill gaps, complete training and certification, and drive employee engagement, with the end goal of increased preparedness and productivity.

On signup, Amesite customers receive access to a branded platform equipped with all the learning products and programs their teams need, access to on-demand and customized content and instructors, and regularly updated employee learning programs. The product includes key features such as:

  • Data analytics – Analysis of employee training progress and course correction insight, as well as detailed analytics at every level, helping management make informed decisions while upskilling their teams
  • Customizable dashboards – Access to first-class communication tools with messaging and video conferencing capabilities, allowing clients to monitor employee learning progress
  • Rapid launch within 24 hours – Fast launch and implementation of a system that meets employee needs, without compromising substance or quality and without requiring prior training
  • Ease of use – A social media-inspired interface to keep employees and management engaged and reduce training time

Solutions for Universities and K-12 Schools

Amesite enables K-12 schools and universities to launch scalable and fully customized online educational products for every learner, without requiring additional staff or IT assistance. The company's fully managed learning and upskilling platform is easy to use, requiring no training before deployment, while being equipped with a social media-inspired design to attract students and keep them engaged, and delivering courses and content with best-in-class compliance and security.

In addition, the platform is provided with customized courses that are in high demand and are continuously updated. It also tracks progress, maintaining a higher level of engagement and commitment to learning. Colleges and universities have access to expert curation, content and instructors, with state-of-the-art customer service, and they are able to pay as they go, only for the programs they need, fully branded to them.

As with the business solutions, K-12 schools and universities gain access to a series of helpful features and functionalities on signup with Amesite, such as launch within 24 hours, customizable dashboards, data analytics, ease of use and high engagement. Other key features include customizable grade books and automation, optimizing courses to learners' needs and providing auto-graded assessments.

Solutions for Offices During COVID-19

Committed to helping businesses return to work during and after the COVID-19 pandemic, Amesite's platform and features can help solve key problems organizations will face in the process.

The company offers turn-key technological solutions that allow businesses to bring their teams back to work safely and effectively. Moreover, Amesite can help leaders make decisions on returning to work by leveraging real-time, actionable analytics and tracking and analyzing employee data management in full compliance and with proven security.

Market Outlook and Opportunities

By combining AI-driven technologies with significant competitive advantages in terms of cost, engagement, results, scalability and flexibility, Amesite is uniquely positioned for fast growth in three core markets.

The employee learning and development sector in North America was valued at approximately $169 billion in 2019, driven by technological advancements in the field and a heightened focus on employee upskilling and professional development in the marketplace (https://ibn.fm/0ISNg).

The U.S. higher education sector and the K-12 segment are also fast expanding, providing multiple opportunities to Amesite and its turn-key educational solutions. There were approximately 16.6 million learners in the U.S. higher education system in 2018, following a steady increase in the number of undergraduate enrollments, while the K-12 sector had approximately 56.6 million students in 2019.

Corporate Awards

Amesite has been recognized by multiple organizations for its commitment to excellence, both in terms of its technology and its workplace culture.

The company's recent accolades from The National Association of Business Resources, which focus on workplace excellence, include:

Additionally, Amesite's cloud-based platform won Business Intelligence Group's 2020 BIG Innovation Award, which recognizes organizations, products and people that are bringing new ideas to life in innovative ways.

Management Team

Ann Marie Sastry, Ph.D., is the President, CEO, Chair of the Board and Interim Chief Financial Officer of Amesite. Between 2008 and 2015, Dr. Sastry served as president, CEO, co-founder and member of the board of Sakti3, which was sold to Dyson Ltd. for $90 million. She continued with Dyson as head of the global solid state battery team, where she focused on technology advancement and strategy, organizational growth and partnerships. Before becoming an entrepreneur, Dr. Sastry was a professor of engineering at the University of Michigan, obtaining some of the highest honors in her scientific field throughout her 17-year scientific career. She holds Ph.D. and MS degrees from Cornell University and a BS in mechanical engineering from the University of Delaware. Her work has been featured in reputable publications such as Forbes, The Economist, USA Today, The New York Times, Wall Street Journal and many more.

Mike Smiley serves as Amesite's Director of People. Mr. Smiley previously served as HR and administrative manager at Sakti3, where he received six workplace excellence awards. In this role, he helped integrate the Sakti3 team into Dyson following its acquisition, and then served as a member of Dyson's People Enablement Team to help enable a high-performance culture via process improvements and organizational change. Mr. Smiley's expertise encompasses performance management, global hiring and global HR collaboration on issues such as benefits, compliance and regulatory change.

Investment Considerations

  • Amesite leverages artificial intelligence technologies to create fast and efficient online learning ecosystems for businesses, higher education and K-12.
  • The company's core mission is to improve learning and make it more accessible, affordable and engaging.
  • Amesite offers bespoke courses and programs featuring educational content delivered through a fully secure, fully managed cloud-based platform that offers multiple customizable features and can be branded to users.
  • The employee learning and development market in North America was valued at $169 billion in 2019.
  • Offering fast implementation and an engaging, easy-to-use design, the company's platform can help businesses improve overall performance and productivity by encouraging their employees to upskill.
  • Higher education institutions can increase savings and boost revenue by implementing an intuitive system equipped with strictly necessary courses and programs that are constantly updated.
  • Amesite services can be used without administrative and IT support, requiring no training.
  • The company's innovative platform received multiple awards in 2019 and 2020.

 

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