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 115
article thumbnail

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

Edsurge

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. Even so, Ramirez described the edtech environment as “extremely challenging.”

Chegg 70
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why I'm Still Bullish About the State of Edtech

Edsurge

This year’s 1 3th edition will swamp San Diego’s waterfront for four days and feature 1,000 speakers, including Thomas Friedman and Margaret Atwood, plus the buzziest for-profit companies in our industry. based education and workforce technology companies, together amounting to more than $150 billion in market capitalization.

EdTech 187
article thumbnail

Springboard Raises $11 Million to Expand Mentor-Driven Coding Bootcamps

Edsurge

The San Francisco-based company has plans to reach more learners now that it’s raised an $11 million post-Series A financing round. Earlier this year, the company launched three programs in India, where Tambay and co-founder Parul Gupta grew up. The company says it has trained more than 14,000 students since its founding in 2013.

Pearson 85
article thumbnail

Look Who’s Talking—Michael Trucano from the Brookings Institution on AI in education

eSchool News

I mean, I get, you know, pitch decks from companies. I’m going to use Chegg PT to do this. 00:12:17 Speaker 2 Microsoft delivers to you where you have some version of Gemini and what Google offers to you. I mean, this is going to be this stuff. And one of the challenges is like, what are we talking about? 00:02:57 Yeah.

article thumbnail

Hack Education Weekly News

Hack Education

Via The Wall Street Journal : “ California plans to sue one of the nation’s largest student loan companies.” Chegg has acquired the flashcard app StudyBlue for $20.8 ” Via the Microsoft AI blog : “ Microsoft improves facial recognition technology to perform well across all skin tones, genders.”

article thumbnail

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.

Pearson 145