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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.

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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. The New York City-based company has raised more than $180 million in investment capital.

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Top Hat Buys Canadian Textbook Business to Compete With Publishers in Digital Courseware

Edsurge

The term comes from the physical devices that other companies used to sell, where students literally pressed buttons to respond to multiple-choice questions. The Toronto-based company once relied on textbook publishers to distribute its technology. To date, the company has raised $105 million in venture capital.

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Education Technology and the Power of Platforms

Hack Education

At the time, I wrote about the importance of APIs; the issues surrounding data security and privacy; the appeal of platforms for users and businesses; and the education and tech companies who were well-positioned (or at least wanting) to become education platforms. The company has raised some $77.5

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Hack Education Weekly News

Hack Education

” Via PBS Newshour : “GOP reinstates usage of ‘ illegal alien ’ in Library of Congress ’ records.” The New York Times on The Electronic Classroom of Tomorrow , an online charter school: “Online School Enriches Affiliated Companies if Not Its Students.”

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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. Students would be required to pay.

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Hack Education Weekly News

Hack Education

He’s a partner at Founders Fund, which has invested in Knewton, AltSchool, Uversity, ResearchGate, If You Can, Upstart, Declara, and Affirm. On Thursday, the judge gave Google the victory , ruling that the company’s use of the Java API fell under fair use provisions. ” So you can see why investors were so eager.