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Chegg to Buy Coding Bootcamp Thinkful for $80 Million

Edsurge

Chegg , a Santa Clara, Calif.-based based publicly traded student services company, plans to buy Thinkful , a Brooklyn-based online coding bootcamp. Both companies’ boards of directors have approved the deal. Chegg had been holding onto $1.1

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Chegg Expands Student Debt Relief Benefit for Employees—Up to $5,000 More a Year

Edsurge

Now, a publicly-traded education company that serves millions of college students has ramped up student debt relief services for its own employees. Chegg , based in Santa Clara, Calif., To be clear, this is not a new perk for Chegg employees.

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

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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.

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Now With a ‘Sizable Cash Hoard’ of $1 Billion, What Might Chegg Buy?

Edsurge

Chegg , a publicly-traded provider of textbook rentals and online student services, has closed a $700 million convertible note offering that, after taking expenses into consideration, should give the company an additional $682.7 A portion of this sum will be used by the company for stock repurchases. A Chegg spokesman declined to comment or share additional details. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes.

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K-12 Dealmaking: Chegg, Boxlight Make Education-Related Acquisitions

Marketplace K-12

A handful of education companies, including Chegg and Boxlight. The post K-12 Dealmaking: Chegg, Boxlight Make Education-Related Acquisitions appeared first on Market Brief. Marketplace K-12 Educational Technology/Ed-Tech K-12 Dealmaking Mergers and Acquisitions Startupsannounced acquisitions this week.

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Cheating on Chegg? Maybe Not on Its Tutoring Platform

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That’s an example of a request that can be found on online tutoring services like Chegg, as shared by a senior data scientist at the company, Sanghamitra Deb. Yet this is the kind of “help” that Chegg’s tutoring service can sometimes be used for. based company wants to thwart. The company, however, does not want students to use its site to get tutors to do their work for them. So to flag such ethically dubious requests, the company uses machine learning.

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Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

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Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. They started the company to solve a challenge that they both knew well: how to provide fast and actionable feedback to writing students. Educators have appreciated their work. The company has also begun partnering with other companies such as Pearson and Microsoft. Writing tools are particularly interesting to the company.

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Education Technology’s Machine Learning Problem—and Responsibility

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But how is machine learning playing out in education—and how does it impact not just students, educators and parents, but also the businesses building technology tools to support teaching and learning? The speakers were Carlos Escapa (Senior Principal, AI/ML Business Development, Amazon Web Services), Vivienne Ming (Founder and CEO, Socos Labs), Matthew Ramirez (Director of Product Management, AI Writing Tools, Chegg) and Andrew Sutherland (CTO and co-founder, Quizlet).

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K-12 Dealmaking: Chegg Acquires Easy Solutions; Age of Learning Raises $150 Million

Marketplace K-12

The month of May kicked off with a significant number of deals in the ed-tech sector, including acquisitions by Chegg and ACT, Inc. In addition, several companies, including Age of Learning, CodeCombat and GotIt!, Chegg Acquires Imagine Easy Solutions: The learning platform provider has acquired Imagine Easy Solutions , the provider of EasyBib.com and other writing tools, for approximately $42 million in an all-cash transaction, Santa Clara, Calif.-based

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Blackboard Co-Founder: ‘4 Secrets to Building a Tech Company for Higher Ed’

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To mark the 20th anniversary of Blackboard, one of the first LMSes, the company’s co-founder, Matthew Pittinsky, wrote an epic blog post about the company’s history, which includes his advice for today’s edtech leaders. As origin stories go, the founding of Blackboard twenty years ago lacked that single light bulb moment that tech companies like to tell. Here are some lessons I learned about what makes the higher education market unique.

More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

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In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. This week, Varsity Tutors raised $50 million in a Series C round led by Learn Capital, an education-focused venture firm. Other investors include the Chan Zuckerberg Initiative and existing backer Technology Crossover Ventures. Louis-based company’s $50 million Series B round, which closed in November 2015. Education Technology Financing Edtech Business

Platzi Raises $6 Million to Bring More Online Education to Latin America

Edsurge

Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals. The two men joined together for a new company focused on an underserved market in tech training: Latin America. The company also boasts a sizable headcount of 117 full-time employees.

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Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

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And now that Reach Capital is done fundraising, it will return its focus to evaluating pitches from education entrepreneurs, all vying for a piece of Reach’s new $82 million fund. Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. based firm has established itself as a familiar name within the education technology industry. Engrade (acquired by McGraw-Hill Education).

That’s a Rap! Nearpod Buys Educational Hip Hop Creator, Flocabulary

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It’s out of the ordinary when Nearpod buys a company. The Brooklyn-based company best known for fusing hip hop with educational content in music videos and instructional activities, has been acquired by Nearpod , which helps educators beam digital content to students’ devices.

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Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

Smartphones, tablets, and laptops had become a permanent requirement along with using technology in the classrooms by this time. Decrease in State Funding: The government has been scaling back on the funding on college education since the great recession of 2008. Post the recession, states cut inflation-adjusted spending on K–12 education by approximately 4% between 2008 and 2013. Similarly, Pearson has made some of its textbooks available for rent through Chegg.

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EdSurge HigherEd Year in Review: Our Top Higher Education Stories of 2018

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While not quite the “Year of the MOOC,” 2018 saw a resurgence in interest around the ways these massive open online courses are delivering free (and more often these days, not free) online education around the world, and how these providers are increasingly turning to traditional institutions of learning. 4 Augmented and Virtual Reality Projects That Point to the Future of Education. Cheating on Chegg? How the Company Aims to Catch Tutoring Requests That Go Too Far.

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Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

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He envisioned a game-based educational platform used by teachers and students to learn about science and the environment. And he had interest from educators who wanted to try Planet3 in schools that included the Las Vegas area. The company’s primary backer also had a change of heart.

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Gig’s Up: CreatorUp Raises $1 Million to Train and Match Creative Professionals for Work

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This is the first round of funding for the Los Angeles-based company, which has been bootstrapped since its founding in 2013. CreatorUp is a digital media studio and training company with an educational program to train aspiring creative professionals in business and digital production.

Mark Cuban, ECMC Lead $1.8M Round for Cluster to Develop Industrial Tech Talent

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million in a seed round led by Mark Cuban and ECMC Group, an education nonprofit. Other investors include education technology executives, like Penn Foster CEO Frank Britt and Chegg CEO Dan Rosensweig, along with Zynga founder Mark Pincus and Flatiron Health CEO, Nat Turner. The new roles require new digital skills—with design tools like Siemens NX and CATIA, and companies struggle to find qualified candidates, according to Cluster’s founder and CEO, Kim Taylor.

Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

The state of the US higher education market looks slightly subdued on account of the fact that the government has reduced funding for higher education. billion cut in funding for the education department, compared to a 10% decrease in 2019. This has led to higher education textbook publishers facing the brunt as that’s the only area where students and institutes can reduce their spends, by opting for digital textbooks instead.

Hack Education Weekly News

Hack Education

*Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. (Oh National) Education Politics. Via Politico : “Employee satisfaction in the department [of Education] ’s main K–12 office dropped markedly this year. State and Local) Education Politics. Immigration and Education.

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. “ Lights go out at Education Department headquarters – and may stay off for some time,” The Washington Post reports. State and Local) Education Politics. Immigration and Education.

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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

Print textbooks are the eternal punching bag for the things people think technology should render obsolete. Not so fast, say education publishers and retailers. Instead, educators asked how quickly it could print out materials.

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How Merger of Two Textbook Giants Could Impact Course Materials

Edsurge

That appears to be the hope of officials at the two companies, which have both been trying for years to shift the focus of their businesses from selling print books to shipping software and other online tools, and have recently been experimenting with subscription models.

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the massive review I write each December on the stories we are told about the future of education. National) Education Politics. ” (State and Local) Education Politics. ” Immigration and Education. ” Education in the Courts. It’s not directly education related. The language learning company has raised $12.5

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. ” Via The Washington Post : “ DeVos moves to delay Obama-era rule on minority special-education students.” ” (Learndirect is a job training company that has a major contract with the UK government.).

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. Via Forbes : “The Startup President: How France ’s Macron Nearly Built An EdTech Company.” Mick Zais has been confirmed as the Deputy Secretary of Education. State and Local) Education Politics.

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. Via The Chronicle of Higher Education : “ Trump Administration Will Rescind Obama-Era Guidelines on Race-Conscious Admissions.” ” asks The Chronicle of Higher Education in turn. Immigration and Education.

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Hack Education Weekly News

Hack Education

Education Politics. Details about the education-related elements of his speech from NPR , The New York Times , Education Week , and The Washington Post. ” More on changing her tune from The Chronicle of Higher Education. Via The Chronicle of Higher Education : “ Executive Order Falls Short of Some HBCU Leaders’ Hopes.” ” Here it is: the worst education “take” of the year. Immigration and Education.

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The 2019 EdSurde Annual Special: Edtech April Fool’s News That Should Stay Fake

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Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. WONDERFUL WORLD OF CURRICULUM: Somehow still hungry for more content after acquiring 21st Century Fox, Disney has stooped to gobbling educational publishers to add to its ever-expanding empire Magic Kingdom. HAPPY MEALS, PERSONALIZED: McDonald’s just acquired an AI tech company to personalize the drive-thru experience. Education Technology Fun Stuff

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Hack Education Weekly News

Hack Education

(National) Education Politics. Brandeis Center for Human Rights Under Law, as the next head of civil rights at the Department of Education.” ” Via Education Week : “The Polarizing Pick to Be Betsy DeVos ’ Right-Hand Man.” ” Via The Chronicle of Higher Education : “ Sessions’ Justice Dept. Via Education Week : “ FCC Delays, Denials Foil Rural Schools’ Broadband Plans.” Department of Education.”

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Edtech Industry Magnate Michael Moe Makes a Pivot

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Over the past decade, Michael Moe and his business partner, Deborah Quazzo, have been central players in building the education technology economy. A decade ago, Moe had two galvanizing ideas—one focused on investment opportunities and one on education.

Hack Education Weekly News

Hack Education

(National) Education Politics. The AP interviews US Secretary of Education Betsy DeVos , who laments “she didn’t decry racism enough.” ” Via Politico : “New marching orders from Betsy DeVos’ civil rights chief have the Education Department churning through civil rights complaints. ” Via Education Week : “ ESSA Point Man Jason Botel to Leave Education Dept. ” (State and Local) Education Politics.

In Move to ‘Unlimited’ Pricing Model, Cengage Hopes for a Comeback

Edsurge

The company reemerged a year later intent on growing its digital offerings and making more strategic acquisitions and partnerships. At the recent ASU+GSV Summit in San Diego, EdSurge caught up with Cengage CEO Michael Hansen to capture his thoughts about the (un)affordability of course materials, faculty concerns about digital texts and what the company is looking for in its next acquisition. Tell me a little bit about some of your recent partnerships with companies such as Chegg.

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Students, celebrities connect for tutoring

eSchool News

New program helps stars extend influence, interest in education. Students will have the chance to connect directly with celebrities in one-on-one tutoring sessions through Chegg Tutors: VIP Edition. All applications for Chegg Tutors: VIP Edition are due by October 23rd.

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