Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

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Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. WriteLab was founded in 2013 by Matthew Ramirez, then a PhD candidate at the University of California, Berkeley and Donald McQuade, a long-time English professor at the same school. They started the company to solve a challenge that they both knew well: how to provide fast and actionable feedback to writing students.

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More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

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In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. Louis-based company’s $50 million Series B round, which closed in November 2015. Already boasting 4,000 tutors covering 1,000 subjects, the company is on the hunt for more teachers. That feature is a far evolution from the company’s humble beginnings in Washington University, where Cohn started the business as a student in 2007. Tutoring is big business.

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Blackboard Co-Founder: ‘4 Secrets to Building a Tech Company for Higher Ed’

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To mark the 20th anniversary of Blackboard, one of the first LMSes, the company’s co-founder, Matthew Pittinsky, wrote an epic blog post about the company’s history, which includes his advice for today’s edtech leaders. As origin stories go, the founding of Blackboard twenty years ago lacked that single light bulb moment that tech companies like to tell. The winner of the LMS market would be the company with the most widely adopted platform.

Platzi Raises $6 Million to Bring More Online Education to Latin America

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Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals. The two men joined together for a new company focused on an underserved market in tech training: Latin America. The company also boasts a sizable headcount of 117 full-time employees.

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Gig’s Up: CreatorUp Raises $1 Million to Train and Match Creative Professionals for Work

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This is the first round of funding for the Los Angeles-based company, which has been bootstrapped since its founding in 2013. CreatorUp is a digital media studio and training company with an educational program to train aspiring creative professionals in business and digital production.

Springboard Raises $11 Million to Expand Mentor-Driven Coding Bootcamps

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The San Francisco-based company has plans to reach more learners now that it’s raised an $11 million post-Series A financing round. Earlier this year, the company launched three programs in India, where Tambay and co-founder Parul Gupta grew up. Kashif Ross needed a career change.

Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

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In its latest earnings update, the company confirmed that it is indeed moving ahead with such plans. If concluded, the sale would mark yet another major asset that Pearson has shed since John Fallon took over as CEO in 2013. Under his tenure, Pearson has embarked on a rocky transition to refocus Pearson as a digital-focused education company. The company’s revenue from U.S. a semester to access all of the company’s digital higher-ed materials.

Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

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edtech companies last year, the dollars returned with a fury during the first six months of 2017. Company. Several private-equity-backed companies have invested heavily in the “platform” approach. PowerSchool, owned by Vista Equity Partners, has acquired eight companies since June 2015. The strategy has worked for a few older companies: Kaplan, for instance, began in the test-prep business and has since moved into higher education, corporate training (and a.

Can Technology in the Classroom Replace Expensive Textbooks

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Post the recession, states cut inflation-adjusted spending on K–12 education by approximately 4% between 2008 and 2013. Cengage recently introduced a new subscription model that gives students access to all of the company’s digital course materials for a semester or an year. Similarly, Pearson has made some of its textbooks available for rent through Chegg. Increase in Textbook Prices Over the Years.

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The 100 Worst Ed-Tech Debacles of the Decade

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You can read the series here: 2010 , 2011 , 2012 , 2013 , 2014 , 2015 , 2016 , 2017 , 2018 , 2019. Without revenue the company will go away. Or the company will have to start charging for the software. The company has not been charged in the matter.).