article thumbnail

Public Edtech Companies Have Been Rare. These SPACs Will Change That.

Edsurge

Publicly traded education technology companies are rare. That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) as the remaining trio of prominent edtech companies on the U.S. CLAS.U), a special purpose acquisition company headed by CEO Michael Moe, raised $225 million in its IPO. edtech startups raised $2.2

Company 155
article thumbnail

This Edtech Critic Was Supposed to Become a Bridge Between Educators and Edtech. How Is It Going?

Edsurge

While they’re both ostensibly working to make education as strong as possible, educators and edtech don’t always see eye to eye. Observers of the space, for instance, have long noted that teachers are often excluded from edtech procurement , as are higher ed faculty and staff. The companies note that they forbid cheating.)

EdTech 169
Insiders

Sign Up for our Newsletter

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

article thumbnail

Will ChatGPT Make Students Turn Away From Homework-Help Services?

Edsurge

As companies race to come out with tools they claim can detect when prose was written by a bot, some are wondering whether a previous generation of homework-help tools might soon be rendered obsolete. The homework-help business — led by giants like Chegg and Course Hero — has long been both profitable and controversial.

Chegg 149
article thumbnail

Edtech Earnings Roundup: How 2U, Chegg, Instructure and Pluralsight Fared in Q2 2019

Edsurge

The latest quarterly earnings for publicly traded education technology companies was especially rough for 2U , which revised its loss guidance for the year and stated that it expected enrollment challenges to its core business of running online graduate programs with universities. based company tumbling to historic lows. (It

Chegg 89
article thumbnail

Why I'm Still Bullish About the State of Edtech

Edsurge

In the next few days, thousands of edtech entrepreneurs, investors, educators and policymakers will flood a hotel in San Diego to attend the Mecca of Education Innovation Optimism known as ASU GSV. So now is the perfect time to reflect on the state of edtech. Today’s K12 educators are more digitally native than ever before.

EdTech 183
article thumbnail

Automated Proctoring Swept In During Pandemic. It’s Likely to Stick Around, Despite Concerns

Edsurge

Just in the past few months, a law student sued an automated proctoring company , students have complained about their use in student newspaper editorials and professors have compared them to Big Brother. There is a lot of concern in higher ed about Chegg and Course Hero,” Urdan says, “which everyone acknowledges are cheating tools.” "We

Chegg 171
article thumbnail

Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

Edsurge

For instance, education companies that rely on corporate customers may take a hit, as those clients look to cut costs. While COVID-19 hit at the tail end of the first quarter, some publicly traded education companies already reported an impact on their Q1 2020 earnings. Chegg The bottom line: Chegg’s first quarter delighted investors.

Company 108