Amesite Inc., an artificial intelligence driven platform and course designer, provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. Its customers include businesses, universities and colleges, K-12 schools, and non-profit organizations. The company was incorporated in 2017 and is headquartered in Detroit, Michigan.
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- Amesite is the Shopify for online education, empowering organizations to create and manage their own AI-powered learning platforms.
- Amesite is an AI-powered Canvas or Blackboard for companies and universities.
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- Amesite AI-Powered Learning Platform: A software-as-a-service (SaaS) platform that utilizes artificial intelligence to enable the rapid creation, delivery, and scaling of custom-branded online learning environments.
- Online Learning Program Development & Management: Services assisting universities and businesses in designing, deploying, and managing their online degree, certificate, and professional development programs on the Amesite platform.
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Amesite (AMST) primarily sells its AI-powered online learning platform and services to other companies, educational institutions, and government agencies, operating in a Business-to-Business (B2B) model rather than directly to individuals.
Major customers include:
- Energy Transfer (NYSE: ET)
- Arizona State University (a major educational institution, not a public company)
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Ann Marie Sastry, Founder, CEO, and Chair, Amesite Inc. Board of Directors
Dr. Ann Marie Sastry founded Amesite to empower people with AI. She was previously CEO and co-Founder of Sakti3, a company recognized as one of MIT's 50 Smartest Companies in 2015. Sakti3 was acquired by Dyson in 2015 for $90 million. Prior to starting her companies, Dr. Sastry served as an Arthur F. Thurnau Professor at the University of Michigan for 17 years.
Sarah Berman, Principal Financial and Accounting Officer
Ms. Berman serves as Principal Financial and Accounting Officer at Amesite. She is a Certified Public Accountant with extensive experience in accounting, auditing, and record-keeping for both public and private companies. In June 2019, Ms. Berman founded her own firm, Better Books Consulting, to advise fast-growing clients.
Brandon Owens, Vice President of Sales
Mr. Owens brings deep experience in sales leadership, technology, and business to Amesite. Before joining Amesite, he worked at Pluralsight, where he generated significant new revenue, and was also the Director of Business Development at a healthcare analytics company. Early in his career, Mr. Owens worked for Corporate AT&T in its enterprise sales technology division.
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The increasing likelihood of major hyperscale technology companies (such as Google, Microsoft, and Amazon) fully leveraging their extensive AI capabilities, cloud infrastructure, and existing customer bases to launch or significantly expand their own comprehensive, AI-native learning platforms that directly compete with Amesite's specialized offerings. These companies possess the resources to rapidly develop and market highly integrated solutions that could potentially offer greater scale, lower costs, and deeper ecosystem integration, posing a significant challenge to Amesite's market position.
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Amesite (NASDAQ: AMST) operates in several growing addressable markets for its AI-powered online learning platforms and content creation services, targeting businesses, K-12 education, and higher education, as well as the healthcare sector with its NurseMagic™ app. The addressable markets are sizable and demonstrate significant growth projections:
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Global eLearning/Online Education Market:
- The global eLearning market is expected to reach approximately $203.81 billion in 2025 and is projected to grow to $279.30 billion by 2029.
- Other estimates for the global online education market include a valuation of USD 366.43 billion in 2024, with a projected CAGR of 20.4%. Another source valued it at USD 120 billion in 2024, anticipating a rise to USD 200 billion by 2031.
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U.S. Online Learning Market:
- The U.S. online learning industry generated $100 billion in 2022 and is estimated to grow to nearly $687 billion by 2030.
- The U.S. is projected to generate nearly $99.84 billion in global eLearning revenue in 2025.
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Global Corporate Training Market:
- This market was valued at $361.5 billion in 2023 and is estimated to reach $805.6 billion by 2035.
- Another report indicates the global corporate training market size was valued at USD 383.1 billion in 2023 and is expected to grow to USD 728.95 billion by 2032.
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Global Corporate E-Learning Market:
- Estimates for this market vary significantly, with one source valuing it at USD 10.20 billion in 2025, projected to reach USD 14.63 billion by 2034. However, another source indicates a market size of USD 104.32 billion in 2024, projected to reach USD 334.96 billion by 2030. A higher estimate places the market at USD 519.45 billion in 2024, with a projection to reach USD 2018.75 billion by 2032.
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Global Upskilling and Reskilling Market:
- This market reached USD 35.2 billion in 2024 and is forecasted to grow to USD 96.6 billion by 2033.
- In North America, the upskilling and reskilling market was valued at USD 13.2 billion in 2024.
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Global Online Higher Education Market:
- The market size for global online higher education is estimated to be approximately $150 billion in 2024.
- The U.S. online university education market alone is projected to reach $94 billion in 2025.
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Global AI in Education Market:
- The AI in education market is projected to reach $5.02 billion by 2033.
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Amesite (NASDAQ: AMST) is positioned for future revenue growth over the next 2-3 years, driven by several strategic initiatives and product advancements:
- Expansion and Adoption of NurseMagic™: The company's flagship product, NurseMagic™, is a primary driver of revenue growth. It has demonstrated exceptional market performance and is credited with significant revenue gains. Amesite has also launched a census-based enterprise tier for NurseMagic™ to further expand its total addressable market and address enterprise demand, alongside continuously improving customer adoption in post-acute healthcare settings.
- Shift Towards Enterprise B2B Sales: Amesite is strategically focusing on a more profitable business-to-business (B2B) strategy, moving away from its B2C segment. This includes the introduction of an innovative AI tool designed to streamline complex government form submissions, which is expected to bolster enterprise sales. The company is actively expanding its customer base and offerings within the post-acute healthcare business sector across the U.S.
- Launch of AI-Powered Electronic Medical Record (EMR): A significant future growth driver is Amesite's ambition to launch what it intends to be the industry's first AI-powered Electronic Medical Record (EMR) platform specifically for post-acute care by 2026. This initiative is expected to optimize operational efficiencies within one of the fastest-growing healthcare segments and represents a commitment to continuous AI-driven product innovation.
- International Growth and Multi-Language Support: The NurseMagic™ app currently supports operations in 16 languages, extending its reach to nearly one million U.S. nurses. Furthermore, the platform serves B2B and B2C users in 21 countries and offers translations into over 50 languages, indicating a foundation for continued customer growth through broader accessibility and international market penetration.
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Share Issuance
- In February 2022, Amesite increased a public offering of common stock to 3,750,000 shares at $0.80 per share, aiming to raise approximately $3 million for general corporate activities, including capital expenditures and working capital.
- In January 2025, Amesite priced a public offering of 1,201,667 shares of common stock at $3.00 per share, for an aggregate offering of approximately $3.6 million.
- As of June 30, 2025, the number of shares outstanding was 4,572,713, reflecting an increase from 2,542,440 shares a year prior due to recent equity issuances.
Inbound Investments
- In January 2025, certain officers and directors of Amesite participated in a public offering, subscribing for approximately $1.26 million of the company's common stock.
Capital Expenditures
- Amesite intends to use the net proceeds from both its February 2022 and January 2025 public offerings for general corporate purposes, including capital expenditures and working capital.
- The company's reported Capital Expenditures are approximately $0.3176.
- The primary focus of capital allocation is on enhancing its AI platform and products, such as its flagship NurseMagic™ offering for online learning solutions in the healthcare market.