Futura, the platform that helps you with GMAT

ANDREA CHIROLLI, BOCCONI ALUMNUS AND FOUNDER OF THE COMPANY EXPLAINS HOW THEIR ALGORITHMS PREPARE STUDENTS AT A FRACTION OF THE COST OF A TUTOR

A bespoke learning system, which the more it is used the more it captures a student's peculiar strengths and weaknesses as he/she progresses through his/her education. Futura is able to extrapolate data on different approaches thanks to artificial intelligence algorithms (supervised and deep reinforcement learning) and consequently provide personalized programs. In fact, as preparation progresses and various tests are passed, the platform further models the experience on the individual’s profile. “Our company was born in 2020 and deals with preparation for passing standardized tests. Currently, the platform is aimed at young people who intend to enter medical school in Italy and pass the GMAT", says Andrea Chirolli, CEO and founder of Futura. “It is the solution for those who want to enhance their learning without having to invest significant money in private tutors”. Looking ahead, Futura aims to expand in the Italian market by covering the entire range of university entrance tests.

The business model raised €1.8 million from institutional investors such as LVenture Group, United Ventures and Exor Seeds. From a commercial policy point of view, “the platform wants to replace private tutors with a personalized experience, at a fraction of the cost,” underlines Chirolli, who graduated from Bocconi with the World Bachelor in Business (WBB). “By buying a monthly subscription, users can follow courses and evaluate their initial level of skills through a test”. Finally, students have the opportunity to interact in real time with actual tutors and other course participants, thus creating an online community. In the coming months, Futura will implement its functions, adding, for example, the possibility of chatting with tutors, further forms of community and more simulation methods.

by Camillo Papini
Translated by Alex Foti