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Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. In its most recent earnings report , which covers the three months ended July 31, 2019, Wiley disclosed that it had “spent $73 million in total on acquisitions in the quarter, including zyBooks and Knewton.”

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Making Sense of the Metaverse in Education

EdTechTeacher

One example is Knewton , an AI-powered platform that tailors personalized lesson plans to students. Neon, the world’s first “Artificial Human,” was introduced by Samsung-funded Star Labs in 2020. kids between 9 and 12 years old were playing Roblox in 2020. many popular educational platforms include gamified elements.

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Deals and More Deals: The Top Edtech Business Stories of 2019

Edsurge

The gaming giant worked with the Institute of Play to create STEM-focused, hands-on learning experiences that promote collaboration, creativity and problem solving. We later learned that the education publisher paid less than $17 million —much less than the $180 million that Knewton had previously raised. billion market value.

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The Asian Money Fueling US Edtech Investments

Edsurge

The “cultivation of students’ entrepreneurship and innovation capabilities and practical skills” was a priority in China’s 5-Year Plan for 2016-2020. 9 million (A) 2016 Fosun Group Kaymbu $2 million (Seed) 2016 Sinovation Ventures Knewton $52 million (F) 2016 TAL Education KnowRe $6.8 billion in 2016, according to Goldman Sachs.

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

Founded in 2008 by a former Kaplan executive Jose Ferreira, Knewton was one of the most heavily funded ed-tech startups of the decade. He told NPR in 2015 that Knewton’s adaptive learning software was a “mind-reading robo tutor in the sky.” This product is a piece of s**t,” one doctor said. Socorro Dove.

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Hack Education Weekly News

Hack Education

Jose Ferreira is stepping down as the CEO of Knewton. ” – “ China’s STEM learning industry may reach $15 billion by 2020.” Via The New York Times : “ Louisville Suspends Coordinator Who Received Wake Forest Game Plan.” ” From the HR Department. ” The Business of Ed-Tech.

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Hack Education Weekly News

Hack Education

science and student exchange programs through the end of the current budget cycle in 2020.” ” This stems from a protest at the University of Connecticut. ” Inside Higher Ed on Knewton ’s “pivot.” to retain their residency rights even if they leave the U.K. for up to five years.

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