Tech giant Oracle said Tuesday it will open a school on its California campus.
"It is absolutely critical for competitiveness in the United States for us to really raise the bar in education, especially in math, in science, in technology," Safra Catz, the company's co-CEO, told CNBC's "Squawk Alley."
The school is scheduled to be completed in the fall of 2017 and will be a free charter school, the company said in a release.
Oracle unveiled its plan at its Open World conference in San Francisco and is the latest tech company to get involved in education.
In September, Facebook said it would expand its partnership with Summit Public Schools, which runs K-12 schools in California and Washington state.
"I'm absolutely thrilled about what Mark and Priscilla are doing. The more the merrier," Catz said.
— CNBC's Harriet Taylor contributed to this report.