PSG, a private equity firm that partners with software and technology-focused services companies, made an investment in Packback, which uses AI in its writing and discussion platform for students.

Packback’s artificial intelligence functions as a digital writing assistant, helping students by providing feedback before they submit their assignments. For educators, the platform provides AI-powered support to make the grading process simpler, giving them more time to provide personalized, content-specific feedback. 

“We believe Packback’s unique and innovative platform is helping to shape the future of education by integrating instructional AI to advance both student and educator experiences,” states Rick Essex, managing director at PSG.

Weil, Gotshal & Manges LLP served as legal advisor to PSG. Goodwin Law served as legal advisor and Raymond James acted as financial advisor to Packback.