article thumbnail

Hitting Reset, Knewton Tries New Strategy: Competing With Textbook Publishers

Edsurge

Knewton drew heaps of hype and investment by promising to provide artificial-intelligence technology to major textbook companies to make their content more adaptive. Now the company has pivoted, and it is poised to formally announce its own online courseware that will compete head-to-head with those publishing giants.

Knewton 122
article thumbnail

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.

Knewton 83
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Jose Ferreira Steps Down as Knewton CEO, Eyes Next Education Startup

Edsurge

Knewton has decided to step down from the perch and lay low—for now. Yesterday, the New York-based company announced that Ryan Prichard, who has been with the company since July 2012, most recently as Chief Technology Officer, will assume the CEO position. So it comes as a surprise that the founder and CEO of.

Knewton 60
article thumbnail

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. Already, the Sydney, Australia-based company has pulled back on its social media presence. In 2014, the Gates Foundation awarded the company a $4.5 One such provider, Acrobatiq, was acquired in 2018.

Pearson 103
article thumbnail

The Asian Money Fueling US Edtech Investments

Edsurge

So states a recent Wall Street Journal report on the tens of billions of dollars that Chinese companies have poured on U.S. To adapt, many companies are investing domestically, particularly in China, where edtech companies raised more than $1.2 380 million tally in 2014. Edtech Companies With Asia-Based Investors.

EdTech 101
article thumbnail

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

Marketplace K-12

Overall, funding for global deals in the digital space jumped by 58 percent from 2014 to 2015, according to research from CB Insights , a New York-based market research company. Another China-based company, 17zuoye , raised $100 million. The company’s name loosely translates into “homework together.”.

Knewton 40
article thumbnail

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

Edsurge

So far this year, these companies raised over $1.2 educational technology companies whose primary purpose is to improve outcomes for teachers and learners across K-12 and higher education. billion—does not account for companies whose primary product and service focus on student loan refinancing. edtech companies.

EdTech 100