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Who is the Theranos of Education?

Edsurge

By 2015, the company had raised $100 million in venture capital from investors like Andreessen Horowitz and John Doerr—the fourth biggest fundraising deal of that year. But, don’t worry—they had plenty to say about Knewton. Money came flowing. But like Elizabeth Holmes in biotech, Max has almost no experience in the field of education.

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

Edsurge

In 2015, he famously criticized promises about what was then the latest in AI for education — a tool from a company called Knewton. The CEO of Knewton, Jose Ferreira, said his product would be “like a robot tutor in the sky that can semi-read your mind and figure out what your strengths and weaknesses are, down to the percentile.”

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

Edsurge

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. The chart below shows how the first half of 2019 compares to the averages posted for each type of round during the full years of 2015 to 2018.

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Digital Courseware Provider Top Hat Gets $130M and a New CEO

Edsurge

A 2015 report from Tyton Partners counted more than 120 courseware offerings from over 100 companies in the market, adding up to $1.6 Wiley, for example, purchased Knewton and zyBooks just two months apart in 2019 to bolster its digital offerings. billion in annual revenue.

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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. Chinese companies saw a surge of investment, taking in more than $1 billion in 2015, CB Insights found. Knewton Launches Partnerships With Ed.

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APLU Announces Adaptive-Courseware Grants: Bringing Scale to Scale

Edsurge

The adaptive-courseware grant conversation began in early 2015 after the BMGF announced announced its Next Generation Courseware grant recipients, seven organizations developing adaptive courseware at scale. Pearson MyLab & Mastering (with Knewton). See the list of courseware below. Difference Engine by Learning Objects (Cengage).

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K-12 Dealmaking: Investor Weld North, Learn Launch Make Big Moves

Marketplace K-12

The partnership represents McGraw-Hill Education’s latest investment in digital research and development; the company estimates that it invested $175 million in digital development and operations in 2015. TAL joins Knewton’s latest round of funding, which is led by Sofina, a Belgian investment group. based school provider.

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