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.

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

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Knewton drew heaps of hype and investment by promising to provide artificial-intelligence technology to major textbook companies to make their content more adaptive. The move marks a major turn for Knewton, which has raised more than $157 million in venture capital based largely on a promise to provide the high-tech engine inside online textbooks created by publishers and organizations. On its website, Knewton describes its new online textbooks as “ course products.”

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Amid Struggles, Knewton Names Former Pearson Exec as New CEO

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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.

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Knewton has raised $25 million in a new funding round—the eighth since it launched in 2008. But Knewton’s newest backer, TriplePoint Capital, seems eager to offer a lifeline for the company’s new business model: selling digital courseware directly to higher-ed institutions. “We’re We’re excited to support Knewton’s effort to put Alta into the hands of every college student in the U.S.,” Source: Knewton From a student’s perspective, Alta works primarily by asking questions.

Pearson, an Investor in Knewton, Is ‘Phasing Out’ Partnership on Adaptive Products

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Throughout the past decade, Knewton ’s adaptive learning technology has been backed by some of the biggest names in the both the publishing and venture capital community. Pearson will no longer use Knewton’s adaptive learning engine for some of its digital offerings. The retrenchment delivers a setback to Knewton, for whom Pearson was the first—and most visible—partner. Through these partnerships, Knewton tags digital content with metadata and maps them onto a learning path.

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. Ferreira’s decision marks the end of a nearly nine-year run at Knewton, where he strived to build technology to pinpoint what students know, don’t know and should learn next. Knewton initially applied this technology to test prep content “to convince people that our data-driven recommendations would stand,” says Ferreira.

Deals and More Deals: The Top Edtech Business Stories of 2019

Edsurge

Here’s a look at the biggest edtech business stories of 2019—the ones that captured the most attention, and the ones that should have your attention. Thanks to a $157 million fundraise, the edtech industry has given birth to its third U.S. US Edtech Investments Peak Again With $1.45

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

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edtech companies in the first half of 2019. The high tally for venture funding this year is not unique to the edtech industry. edtech companies, but their counterparts overseas have also attracted plenty of venture capital. The U.S.

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

Edsurge

billion, 2019 offers some edtech investors hope that their bets could pay off. Fuller, who has covered the edtech industry for over a decade, recently shared her take on current trends on edtech mergers and acquisitions. Does that bar sound reasonable in edtech?

The Asian Money Fueling US Edtech Investments

Edsurge

To adapt, many companies are investing domestically, particularly in China, where edtech companies raised more than $1.2 edtech startups raised last year. edtech investor, including. Edtech Companies With Asia-Based Investors. 9 million (A) 2016 Fosun Group Kaymbu $2 million (Seed) 2016 Sinovation Ventures Knewton $52 million (F) 2016 TAL Education KnowRe $6.8 edtech startups, including Enuma , Knewton , Minerva Project , Ready4 and Volley.

EdTech 101

Ed-Tech Venture Capital Boom, and the K-12 Part of the Pie: It's Complicated

Marketplace K-12

Ed-tech Venture Capital cbinsights edtech educationinvestment knewton venturecapitalInvestment in ed-tech startups hit $2.3 billion in the year ending June 30, but K-12 schools aren't the largest slice of the pie, according to CB Insights.

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

Edsurge

based edtech startups in 2017 saw a resurgence of investment capital. edtech investments in 2011. edtech companies. edtech startups hit almost $1.7 For edtech startups, seed money hasn’t disappeared; it’s just harder to get. education investment fund, partnered with Southern New Hampshire University on a seed fund , and also put money behind the NYU Steinhardt Edtech Accelerator this year. Education Technology Financing Edtech Business

EdTech 117

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

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Kidaptive first entered the edtech market in 2012 with Leo’s Pad, a game-based learning app that offered mini-games and puzzles to assess cognitive skills in young children. Once the industry’s poster child for adaptive learning, Knewton boasted working with dozens of publishers, including Pearson and McGraw-Hill. Arena says he’s familiar with Knewton, adding that his team is “proceeding slowly and cautiously” in its external partnership and business development work.

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. Education Technology Financing Edtech BusinessTinkergarten , which operates a network of outdoor-based classes for young children, has raised $5.4 million in a Series A round led by Owl Ventures. Existing investors Omidyar Network and Reach Capital also contributed. Disclosure: all three are also investors in EdSurge.)

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

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The nonprofit’s bets across a range of digital technologies, from adaptive learning to formative assessments, means that it is also closely watching other markets and companies including Knewton and Renaissance Learning. Education Technology Financing Edtech BusinessACT , the nonprofit best known for its college-readiness test, is undergoing a major transformation.

What Can Machine Learning Really Predict in Education?

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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. For all the talk about data and learning, Essa offered this blunt assessment: “Pretty much all edtech sucks. And machine learning is not going to improve edtech.” Gather student data, make predictions about their learning—and perhaps their future.

Saddle Up for Silicon Slopes! Our Guide to the 2017 ASU+GSV Summit

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Luminaries in the edtech industry, including Richard Culatta (ISTE CEO and former director of the Office of Educational Technology at the U.S. edtech deals. We’ve really broadened the focus beyond edtech and into enterprise training and talent,” says the co-founder and managing partner at GSV Acceleration. She adds: “If you don’t tie learning to talent, you miss the point of edtech.”. 2:00PM: Mapping EdTech Globally by Navitas Ventures. Polish the dress shoes.

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

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Consider that of the very small number of edtech firms that have successfully gone public over the last decade, two of the recent successes include 2U and Instructure – firms that provide services or technologies for their university partners to deliver their core academic programs. The rallying cry among many higher-education startups is “disrupting” college as we know it.

Real Questions About Artificial Intelligence in Education

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Can adaptive platforms (such as ALEKS or Knewton) help students learn the facts and enable the teachers to guides? Say I’m a teacher, and an edtech company says “my math tool is AI-backed.” This is an area where it would improve the job of edtech developers if we said, “Here’s what you’re allowed to gather and share.” Don’t doubt it: Machine learning is hot—and getting hotter.

The 100 Worst Ed-Tech Debacles of the Decade

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For the past ten years, I have written a lengthy year-end series, documenting some of the dominant narratives and trends in education technology. I think it is worthwhile, as the decade draws to a close, to review those stories and to see how much (or how little) things have changed.

Hack Education Weekly News

Hack Education

Edtech CEOs Seek to Change the ‘ Adversarial Narrative ’ With Public School Teachers,” says Edsurge. From the Knewton blog : “ Introducing Knewton Product Updates for Fall 2017.” From the Navitas Ventures’ website : a report on the “ Global EdTech Landscape 3.0 – 15,000 teams building the future of education.” (National) Education Politics.

Hack Education Weekly News

Hack Education

” According to Edsurge , Knewton is now a courseware company and not a “robot tutor in the sky.” ” Knewton has raised some $157 million in venture capital. ( No disclosure that Edsurge shares investors – GSV Capital – with Knewton.). ” Maha Bali writing for Prof Hacker : “Against the 3A’s of EdTech: AI , Analytics , and Adaptive Technologies in Education.” (National) Education Politics.

Hack Education Weekly News

Hack Education

Via Edsurge : “ Pearson , an Investor in Knewton , Is ‘Phasing Out’ Partnership on Adaptive Products.” ” No disclosure in the story that Edsurge shares investors with Knewton , nor that Pearson is, by way of Learn Capital, also an investor in Edsurge. “​ Intel Hits Pause on Edtech Accelerator,” says Edsurge. Education Politics.

The Business of 'Ed-Tech Trends'

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Knewton (adaptive learning): $182.3 “EdTech fails to pay, again,” The Financial Times chuckled. This is the second part of my much-abbreviated look at the stories that were told about education technology in 2018 – and in this case, the people who funded the storytellers. When I first started working as a tech reporter, I assumed – naively – that venture capitalists were smart people who did thorough research before funding a company.

The Long Life of a Data Trail

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Examples of services like this include many EdTech products out there, including Edmodo, Remind, ClassDojo, Schoology, most digital text offerings from traditional publishers like Pearson and McGraw Hill, learning programs like Agilix Buzz, and app ecosystems like Amplify tablets, iPads, and Chromebooks. A very incomplete list of examples here include Knewton, Infinite Campus, eScholar, Schoolnet, Learnsprout, or Clever.

Hack Education Weekly News

Hack Education

From the press release : “ Knewton Launches Alta, Fully Integrated Adaptive Learning Courseware for Higher Education, Putting Achievement in Reach for Everyone.” ” Predictions from investor Tom Vander Ark : “Not Much New in EdTech in 2017; 3 Things Could Change That in 2018.” Each week, I gather a wide variety of links to education and education technology articles.

Hack Education Weekly News

Hack Education

’” Via Edsurge : “School’s Out for the Latest Y Combinator Batch, and Here’s What Its Edtech Graduates Are Up to.” “ Mind-reading robot tutor in the sky ” company Knewton has raised $25 million from these suckers: Triple Point Capital, Accel, Atomico, Bessemer Venture Partners, FirstMark Capital, First Round Capital, Founders Fund, and Sofina. Each week, I gather a wide variety of links to education and education technology articles.

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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. Its Crunchbase description is great : “TX-based edtech company.” Via Edsurge : “Edtech’s Next Significant Impact: Health and Wellness.” Education Politics.

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Hack Education Weekly News

Hack Education

According to excerpts of speeches published by Wikileaks – stolen data – Clinton called the Common Core a “political failure” in a speech she gave to Knewton. Neither Knewton nor the Clinton campaign have confirmed the veracity of this leaked speech. Edsurge’s Jeffrey Young (formerly of The Chronicle of Higher Education) weighed in today: “ Why Rafter Failed and What It Means for Edtech.” Presidential Campaign Politics.

Hack Education Weekly News

Hack Education

Speaking of predictions about the future of online education, EdTech Strategies’ Doug Levin pens part 2 of his look at Clayton Christensen and Michael Horn ’s prediction that “ by 2019, half of all high school classes will be taught over the Internet.” “Mind-reading robo tutor in the sky” company Knewton has a new CEO , Brian Kibby , formerly with Pearson. (National) Education Politics.