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Can You Say Unicorn? Duolingo Raises $30 Million at $1.5 Billion Valuation

Edsurge

For the third time this year, an American education technology company is laying claim to the magical “unicorn” status. To date, company has raised $138 million. Founded in 2012, Duolingo claims more than 300 million users, of whom 30 million are active on a monthly basis, according to the company. billion by 2025.

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Education Technology and the 'New Economy'

Hack Education

The work is also supported by companies including Apple, Google and Expedia, as well as education organizations including the CollegeBoard, Teach For America and STEMx.” Others have argued the recent rash of layoffs at tech companies belies concerns there’s a worker shortage in that sector.

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Hack Education Weekly News

Hack Education

” Via Campus Technology : “ Coursera ’s CEO on the Evolving Meaning of ‘MOOC’ ” There’s more ECOT news – there’s always more ECOT news – in the “state and local politics” section above. The textbook company has raised $6 million total. And what is he going to do?

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

Without revenue the company will go away. Or the company will have to start charging for the software. Or it will raise a bunch of venture capital to support its “free” offering for a while, and then the company will get acquired and the product will go away. And “free” doesn’t last. Sometimes they strike a deal.

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Hack Education Weekly News

Hack Education

Also via Edsurge : “How Boundaries Between Colleges and Companies Will Continue to Blur.” ” Via Education Dive : “ Coursera ’s Tom Willerer talks personalization, access.” “Mind-reading robo tutor in the sky” company Knewton has a new CEO , Brian Kibby , formerly with Pearson.