Yes. In fact we originally built this tool for academic use.
This is why we still offer a 25% discount for schools, universities and non-profits, and have a lot more additional perks (e.g. unlimited users and projects).
If you are with a 503(c) nonprofit or an accredited academic institution you can sign up directly (See Signing Up for an Education Account for details) or get in touch with us via email@example.com.