AI learning platform Packback announces strategic investment from PSG Equity

 Packback, a Chicago, Illinois-based education technology company, announced a strategic growth investment from PSG, a growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth.Founded in 2013, Packback offers an AI-enabled platform to help students build and master foundational skills such as critical thinking, writing, and research.Packback said its proprietary AI functions as a digital writing assistant, helping to build students' confidence by providing individualized feedback before they submit their assignments. For educators, the platform provides scaffolded, AI-powered support to make the grading process more seamless, giving them more time to provide personalized, content-specific feedback.Packback claims it has provided products to over 10,000 instructors and over 1.5 million students, across thousands of courses in K-12 and higher education.