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With Eyes on Asia, Kidaptive Raises $19.1M to Grow Its ‘Invisible’ Adaptive Learning Platform

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Once known for a learning game, the Redwood City, Calif.-based based company now touts itself as a provider of adaptive-learning technologies for educational content providers. Of this amount, Woongjin invested $5 million in return for a 10 percent stake in Kidaptive, reports The Korea Herald.

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Cengage, McGraw-Hill Agree to Merge to Become 2nd Biggest US Textbook Publisher

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The news, first reported by The Wall Street Journal , would create the second-biggest U.S. The new company will retain the McGraw Hill name, but will be led by Michael Hansen, currently the CEO of Cengage. Like other established textbook publishers, both companies have reoriented their businesses around digital offerings.

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Who is the Theranos of Education?

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Over the last few months, biotech company Theranos has re-entered the conversation due to a slew of newsworthy happenings—the Elizabeth Holmes trial finally came to an end with four of 11 charges of fraud, and Hulu announced The Dropout’s debut while Apple Original Films’s Bad Blood is currently in production. Money came flowing.

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US Edtech Funding Already Nears $1 Billion in First Half of 2019

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For the first half of 2019, the industry saw $962 million raised across 65 deals, the highest amount of funding at the halfway mark since at least 2015. By comparison, in the first six months of 2018, companies raised $750 million across 62 deals. Some companies count their accelerator funding into their subsequent seed rounds.

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2018 Halftime Ka’Ching Report: U.S. Edtech Raises $739M in Venture Funding

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edtech industry, that’s no big deal: In the first six months of 2018, 62 companies raised $739 million in venture capital. edtech company has hit the nine-figure mark in 2018: a $110 million round for Connexeo, a provider of administrative payment software for schools and community institutions. But for the U.S.

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Pearson Signals Major Shift From Print by Making All Textbook Updates ‘Digital First’

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The biggest education company in the world is moving away from a production model that has been one of the main drivers in the rising cost of textbooks. The average price for a Pearson digital textbook subscription for a semester is $40, according to the company. But the company is not cutting the cord with print. “We

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ACT’s Latest Act: Investing in an Open-Source Assessment Startup

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Ever since taking the helm as CEO in 2015, Marten Roorda says ACT has closed 10 deals in which it has invested in, acquired or formed strategic partnerships with educational companies. Besides just being an assessment company, we’re also becoming a learning and navigation company,” Roorda tells EdSurge in an interview.