Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. The math suggests that Knewton was acquired for less than $17 million.

Wiley to Acquire Knewton’s Assets, Marking an End to an Expensive Startup Journey

Edsurge

In the second eye-raising deal for the higher-ed publishing industry in as many weeks, Wiley, a major textbook publisher, has agreed to acquire the assets of Knewton, a provider of digital courseware and adaptive-learning technologies.

Founder of Adaptive Learning Company Knewton to Leave CEO Position

Marketplace K-12

Jose, Ferreira, who launched the global adaptive technology company in 2008, will remain on the board of directors. The post Founder of Adaptive Learning Company Knewton to Leave CEO Position appeared first on Market Brief. Marketplace K-12 Adaptive Learning Educational Technology/Ed-Tech Knewton

Knewton Launches Partnerships With Ed. Companies in China, Japan

Marketplace K-12

Knewton has established partnerships with companies in about 20 countries outside the United States, where demand for ed-tech is growing. Assessment Ed-tech International K-12 Markets International Markets Online Learning Publishing adaptivelearning assessment testing

Hitting Reset, Knewton Tries New Strategy: Competing With Textbook Publishers

Edsurge

Knewton drew heaps of hype and investment by promising to provide artificial-intelligence technology to major textbook companies to make their content more adaptive. Now the company has pivoted, and it is poised to formally announce its own online courseware that will compete head-to-head with those publishing giants. So the company has hit the reset button. The company plans an official launch in January, in hopes that more professors will adopt them for the fall.

Amid Struggles, Knewton Names Former Pearson Exec as New CEO

Edsurge

Knewton pioneered adaptive-learning technology and amassed more than $157 million in venture capital, but lately the company has weathered through the loss of publishing partners and the departure of its outspoken founder. To turn things around, this week Knewton announced a new CEO , Brian Kibby, who plans to move at “lightning speed” and execute a new strategy. I said, if it’s Knewton, I’m very interested, but if it’s not Knewton, I’m not.”

Knewton’s New Business Attracts New $25M in Funding. But Some Things Don’t Change.

Edsurge

The company that set the bar for hyping adaptive-learning technology has had to adapt to new leadership and a new business model. Knewton has raised $25 million in a new funding round—the eighth since it launched in 2008. The rest comes from company’s existing investors, including Accel, Atomico, Bessemer Venture Partners, FirstMark Capital, First Round Capital, Founders Fund and Sofina. Source: Knewton From a student’s perspective, Alta works primarily by asking questions.

Classi, Knewton to launch adaptive learning courses abroad

eSchool News

Knewton has announced a partnership with Classi to provide adaptive learning solutions to Japanese public schools. Classi is a joint venture of Benesse, the largest education publisher in Japan, and renowned Japanese telecom company SoftBank.

'Adaptive' K-12 Print Products Unveiled by HP, Knewton

Marketplace K-12

Silicon Valley tech company HP and Knewton, the developer of digital learner profiles, are partnering on an effort to bring "adaptive" print products into K-12 schools. Ed-tech Online Learning Publishing adaptivelearning print publishing

Pearson To Scale Back Partnership With Adaptive Learning Provider Knewton

Marketplace K-12

Going forward, Pearson “is developing its own in-house adaptive learning capability,” said a representative for the company. The post Pearson To Scale Back Partnership With Adaptive Learning Provider Knewton appeared first on Market Brief. Marketplace K-12 Curriculum/Digital Curriculum Online/Virtual Learning Personalized/Adaptive Learning

Jose Ferreira Steps Down as Knewton CEO, Eyes Next Education Startup

Edsurge

Knewton has decided to step down from the perch and lay low—for now. Yesterday, the New York-based company announced that Ryan Prichard, who has been with the company since July 2012, most recently as Chief Technology Officer, will assume the CEO position. Ferreira, who founded the company in 2008, will remain on the company’s board of directors. It’s a dubious assertion, although the company did try to trademark the term.).

K-12 Dealmaking: Knewton Raises $52M; Imagine K12 Merges with Y Combinator

Marketplace K-12

Venture capital deals in the ed-tech market dominated the news over the past week, with companies such as Knewton, SchoolMint, and NuuEd announcing the completion of funding rounds as well as ed-tech accelerator Imagine K12 merging with the Y Combinator fund. The round, led by Belgium-based Sofina and London-based Atomico, marks Knewton’s largest fundraising round to date, the company said.

K-12 Dealmaking: Apple Acquires Learnsprout; Pearson, Knewton Turn to Adaptive Math

Marketplace K-12

Recent dealmaking news includes acquisitions by Apple and Excelligence Learning, and partnership between Pearson and Knewton. acquired the San Francisco-based startup that helps K-12 educators “use data to analyze the past, understand the present, and anticipate the future,” according to the company’s Twitter page. Pearson, Knewton Form Partnership: Pearson and Knewton have teamed up in an effort to “personalize” K–12 math education starting with elementary school students.

Yes There’s ‘Disruption’ in College Market, But the Bigger Trend Is Growth of ‘Enabler’ Companies

Edsurge

And, over the last year – alongside the disrupters – firms that provide technologies that help colleges and universities operate and deliver in a digital world have garnered some of the more significant venture funding rounds, including for example Panopto (lecture capture), Kaltura (video), Examity (remote proctoring), and Knewton (analytics), among others. The rallying cry among many higher-education startups is “disrupting” college as we know it.

Wiley Buys ZyBooks in $56M Cash Deal to Bolster Courseware Offerings

Edsurge

based education company has acquired Zyante, Inc., This marks Wiley’s second courseware purchase in three months, following on its acquisition of the much hyped (and generously funded) Knewton in May. Research publishing continues to make up the majority of the company’s total revenue.)

US Edtech Funding Already Nears $1 Billion in First Half of 2019

Edsurge

By comparison, in the first six months of 2018, companies raised $750 million across 62 deals. educational technology companies whose primary purpose is to support educators and learners across preK-12 and postsecondary education. edtech companies in the first half of 2019.

Going Back to School to Learn About Blended Learning

Ed Tech from the Ground Up

As an online learning tool, Listen Current fits well into blended learning, but I wanted to learn more about how schools are adopting it and how we as a company can be more attractive to schools using blended learning. This is where new ed-tech companies can come into the picture.

Global Ed-Tech Funding, Propelled by Big Deals, Reaches New Record

Marketplace K-12

Overall, funding for global deals in the digital space jumped by 58 percent from 2014 to 2015, according to research from CB Insights , a New York-based market research company. Another China-based company, 17zuoye , raised $100 million. Knewton Launches Partnerships With Ed.

Could Remixing Old MOOCs Give New Life to Free Online Education?

Edsurge

Should such features emerge, that would make the platform a free competitor to systems like Knewton, the for-profit company that was an early player in adaptive learning and now focuses on selling low-cost textbooks built around open content. “It’s It’s a little hard to tell how Knewton works because it is so proprietary,” says Lue. It’s common these days to hear that free online mega-courses, called MOOCs, failed to deliver on their promise of educating the masses.

MOOC 131

Pearson Signals Major Shift From Print by Making All Textbook Updates ‘Digital First’

Edsurge

The biggest education company in the world is moving away from a production model that has been one of the main drivers in the rising cost of textbooks. The average price for a Pearson digital textbook subscription for a semester is $40, according to the company.

K-12 Dealmaking: Investor Weld North, Learn Launch Make Big Moves

Marketplace K-12

The partnership represents McGraw-Hill Education’s latest investment in digital research and development; the company estimates that it invested $175 million in digital development and operations in 2015. The program is part of AT&T’s $350 million “commitment to empower students to reach their full potential,” the company said in a statement. Among other recent moves, a Chinese education company announced plans to invest in a prominent U.S.-based By Alexa J. Henry.

School of Me: Letting students study what they want, when they want is the latest education trend

The Hechinger Report

And various technology companies — from no-name startups to behemoths like Pearson — boast of new programs meant to facilitate this style of education. Some education technology developers, such as Knewton, say machines can figure out what students need to know and how best to deliver it.

What the Big Edtech Mergers and Acquisitions of 2019 Signal for the Industry

Edsurge

On the lifelong learning and certification side, I would say Colibri Group [an online education company that serves licensed professionals], which bought Western Schools. Another publisher, Wiley, bought Knewton and Zybooks in a span of two months.

With Eyes on Asia, Kidaptive Raises $19.1M to Grow Its ‘Invisible’ Adaptive Learning Platform

Edsurge

based company now touts itself as a provider of adaptive-learning technologies for educational content providers. The company has refocused its business and research around what it calls its “Adaptive Learning Platform.” In 2015, Kidaptive acquired Hodoo English, a language-learning company, in a deal that established Kidadaptive’s Korea headquarter. The company’s Adaptive Learning Platform works in a number of ways.

What Can Machine Learning Really Predict in Education?

Edsurge

For years education companies have tried to apply technologies to better understand students and tailor their learning experiences, or support instructors who can intervene when human help is needed. Panelist Andrew Jones, a data scientist at Knewton, admitted that despite the hype, machine learning is still relatively limited in how it’s been applied, at least in the eyes of some users. Gather student data, make predictions about their learning—and perhaps their future.

Consolidation, collaboration or closure? How colleges stay alive in 2018

The Christensen Institute

Paul Freedman: The innovation for 2018 will be “partnerships,” including partnerships between institutions (like the University Innovation Alliance or the active learning consortium) and partnerships between higher education institutions and for-profit companies (like Lyft and Guild Education). The last year certainly turned in its share of surprises. Prominent full-time MBA and law programs folded. Whole colleges closed, as did well-known bootcamps.

Of Openness, Ecosystems, and Type I and Type II Error

iterating toward openness

In it, he reflects on several topics, including his honest misgivings about the recent OpenStax / Knewton partnership announcement. While that last may seem counterintuitive (why would a for-profit company pay it’s employees to give their work away?)

OER 91

K-12 Dealmaking: Khan Academy Acquires App Developer; GradeSlam Raises $1.6 Million

Marketplace K-12

In an interview with Fortune magazine , Kahn said his company “technically bought [Duck Duck Moose] for $1, and we immediately went into fundraising mode to figure out how to also bring the team. And check out EdWeek Market Brief , a service that provides companies doing business with schools with news, analysis, and original data on the needs and priorities of K-12 systems. iAugmentor Raises $149,000: India-based ed-tech company iAugmentor Labs Pvt.

The Business of Ed-Tech: 2017 So Far

Hack Education

And indeed, according to my calculations too, the amount of money invested in education technology companies is up from this time last year and up from this time in 2015 as well. So far this year, there have been 95 investments in ed-tech companies, totaling $1.8

Fewer Deals, More Money: U.S. Edtech Funding Rebounds With $1.2 Billion in 2017

Edsurge

So far this year, these companies raised over $1.2 educational technology companies whose primary purpose is to improve outcomes for teachers and learners across K-12 and higher education. billion—does not account for companies whose primary product and service focus on student loan refinancing. edtech companies. In 2017, three companies—EverFi ($190 million), Hero K12 ($150 million) and Grammarly ($110 million)—accounted for 37.5

Tinkergarten Raises $5.4M to Get Kids to Go Outside, Play and Learn

Edsurge

For Brian Fitzgerald, what began as a newborn side project in 2012—when he was working at edtech startup Knewton—has become a fully-grown venture of its own. These activities may seem silly, perhaps even a tad frivolous, but the company claims they help build cognitive, physical, social and emotional skills. The company will provide organizers with all required materials. Those companies are familiar names to Fitzgerald, who says he’s eyeing the landscape closely. “We’re

The Asian Money Fueling US Edtech Investments

Edsurge

So states a recent Wall Street Journal report on the tens of billions of dollars that Chinese companies have poured on U.S. To adapt, many companies are investing domestically, particularly in China, where edtech companies raised more than $1.2 Increasingly, Asian companies are also investing abroad to find fresh ideas and tools to bring to their local markets. Edtech Companies With Asia-Based Investors. Based Company. Company.

Consolidation, Collaboration or Closure? How Colleges Stay Alive in 2018

Edsurge

Paul Freedman: The innovation for 2018 will be “partnerships,” including partnerships between institutions (like the University Innovation Alliance or the active learning consortium) and partnerships between higher education institutions and for-profit companies (like Lyft and Guild Education). The last year certainly turned in its share of surprises. Prominent full-time MBA and law programs folded. Whole colleges closed, as did well-known bootcamps.

'The Ed-Tech Mafia'

Hack Education

Back row from the left: Jawed Karim, the co-founder of YouTube; Jeremy Stoppelman, the CEO of Yelp; Andrew McCormack, co-founder of the venture capital firm Valar Ventures; Premal Shah, President of Kiva, the microfinancing company. Over the companies that get funded.

ACT’s Latest Act: Investing in an Open-Source Assessment Startup

Edsurge

Ever since taking the helm as CEO in 2015, Marten Roorda says ACT has closed 10 deals in which it has invested in, acquired or formed strategic partnerships with educational companies. Besides just being an assessment company, we’re also becoming a learning and navigation company,” Roorda tells EdSurge in an interview. The company offers a suite of tools used to create, deliver and generate reports from digital assessments.