Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab
MAY 16, 2018
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. The company has also begun partnering with other companies such as Pearson and Microsoft. The acquisition by Chegg is the kind of outcome that entrepreneurs and investors have long hoped to see in the edtech world.