K-12 Dealmaking: Udemy Raises $50 Million; Snapask Takes in $35 Million

Marketplace K-12

Ed-tech companies are raising more money, while a Pittsburgh company bought a shuttered company's robots and an immersive experiences provider is partnering with Dell.

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The Past Decade Forecasts a New Wave of Economic Opportunity in Education

Edsurge

Some call it “The Rise of the Machines” for the convergence of multiple technologies: artificial intelligence, big data, data science, robotics plus virtual and augmented reality. Unicorns such as Coursera, Udemy, Varsity Tutors and VIPKid led the way with innovative solutions.

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The Business of 'Ed-Tech Trends'

Hack Education

Tom Webster, the VP of strategy at the market research firm Edison Research, argued that the report should be viewed as “an extremely effective piece of content marketing,” pointing to the number of slides that cite data about or by a portfolio company of Meeker’s employer, the venture capital firm Kleiner Perkins Smith Caulfield. “Why are there 72 slides about gaming, from a company invested in EA, Zynga, Mobcrush, and Magic Leap?”

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 And yes, I do include student loan companies here. Here’s a comparison of what funding looked like in Julys of previous years: What Kind of Companies Are Raising Money?

Hack Education Weekly News

Hack Education

Via Edsurge : “As LinkedIn ’s Video Library Grows, Company Says It Has No Plans to Compete With Colleges.” Udemy has a new CEO : “Kevin Johnson, former CEO of EBates, a marketplace for coupons and shopping discount deals.” That’s despite privacy concerns about the company. Robots and Other Ed-Tech SF. The “personalized learning” company has raised $6.8 Education Politics.

Hack Education Weekly News

Hack Education

Lots of reporting on various court filings in the Trump University case, particularly those about the company’s “ playbooks ” detailing how former employees sold its course packages, targeting vulnerable populations. ” Via The Baltimore Sun : “Company says it can predict whether a teacher will be good – before entering a classroom.” Udemy, which offers a marketplace for online classes, has raised $173 million total.

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Hack Education Weekly News

Hack Education

Robots won’t replace teachers because they can’t inspire us.” Via Inverse : “ Udemy ’s Exodus, Amazon ’s Gain. Steve Dembo recently announced that he’s leaving the company after 10+ years. ” Spoiler alert: loan companies like Sallie Mae , companies that do loan collection for the Department of Education, the Department of Education, private equity funds, for-profit universities. Education Politics.

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