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A Technologist Spent Years Building an AI Chatbot Tutor. He Decided It Can’t Be Done.

Edsurge

That AI tool had pulled off some big wins, including beating humans on the Jeopardy quiz show in 2011. In 2015, he famously criticized promises about what was then the latest in AI for education — a tool from a company called Knewton. The assets of Knewton were quietly sold off a few years later.)

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Pearson, an Investor in Knewton, Is ‘Phasing Out’ Partnership on Adaptive Products

Edsurge

Throughout the past decade, Knewton ’s adaptive learning technology has been backed by some of the biggest names in the both the publishing and venture capital community. Pearson will no longer use Knewton’s adaptive learning engine for some of its digital offerings.

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K-12 Dealmaking: Knewton Raises $52M; Imagine K12 Merges with Y Combinator

Marketplace K-12

Venture capital deals in the ed-tech market dominated the news over the past week, with companies such as Knewton, SchoolMint, and NuuEd announcing the completion of funding rounds as well as ed-tech accelerator Imagine K12 merging with the Y Combinator fund. Imagine K12 Merges With Y Combinator: The Redwood City, Calif.-based

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Pearson Bets on Adaptive Learning (Again) With $25M Acquisition of Smart Sparrow

Edsurge

The following year, Knewton was bought in a deal that has become a poster child for education technology hype. Founded in 2011, Smart Sparrow had raised about $23.5 One such provider, Acrobatiq, was acquired in 2018. million in venture capital. As part of the deal, most of its staff will join Pearson.

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APLU Announces Adaptive-Courseware Grants: Bringing Scale to Scale

Edsurge

Bringing Adaptive to Scale BMGF has given over $10 million to APLU since 2011. Pearson MyLab & Mastering (with Knewton). According to Rajan, the list of courseware products was selected based on three criteria: (1) The product has demonstrated adaptive capabilities. (2) See the list of courseware below. Fulcrum Labs. LeAP by D2L.

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Global Ed-Tech Funding, Propelled by Big Deals, Reaches New Record

Marketplace K-12

A total of 442 deals were made last year internationally, up from 391 the year before, and more than double the number made just four years ago: Global ed-tech funding has soared from 2011-2015. Knewton Launches Partnerships With Ed. What’s driving the growth? Another China-based company, 17zuoye , raised $100 million.

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Fewer Deals, More Money: U.S. Edtech Funding Rebounds With $1.2 Billion in 2017

Edsurge

edtech investments in 2011. Yet at 126 deals, the number of fundraises in 2017 is also at its lowest since 2011. There’s a realization with a number of high-profile implosions or corrections, whether it’s AltSchool or Knewton , that have cooled a lot of folk’s appetite,” says Pianko. Source: EdSurge Private Equity’s Presence.

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