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

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. 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.”

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. 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 Education Technology Financing Edtech Business

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

Edsurge

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. He offered a vehicular analogy: “Knewton is a Ferrari, but we’re in a Kia market.

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’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.

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. So far this year, the wheeling and dealing has clustered around higher education and workforce development, observes Kelly Fuller, a director at BMO Capital Markets who covers the education technology sector.

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. Investors, particularly in China, are looking across the Pacific to check out innovative tools and models that they haven’t explored or implemented back home,” observes Victor Hu, Global Head of Education Technology and Services at Goldman Sachs’ investment banking division. edtech investor, including.

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

Edsurge

Is education technology investing back on track? based edtech startups in 2017 saw a resurgence of investment capital. edtech investments in 2011. educational technology companies whose primary purpose is to improve outcomes for teachers and learners across K-12 and higher education. edtech companies. Education technology investments appear to be on a similar trajectory. edtech startups hit almost $1.7

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. 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. Kidaptive has also applied its technology to a game, Fish Force , developed by PBS KIDS, WGBH and CREEST, an assessment research group at the University of California in Los Angeles.

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. There is much more of a trend we are seeing socially, where kids are spending more time with technology or indoors,” Fitzgerald says. Education Technology Financing Edtech Business

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. EdSurge re-opened the conversation on Wednesday with a group of educators and education technology entreprepreneurs at a meetup in the Big Apple. Speakers quickly contextualized the technology with the shift in how widely available data is today. “We

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

Edsurge

Its latest act: making a strategic investment in Open Assessment Technologies (OAT), a San Francisco-based startup that offers open-source tools for building and delivering digital tests. Marc Oswald, co-founder and CEO of OAT OAT traces its origins to the Luxembourg Institute of Science and Technology, which helped design and deliver the PISA assessments. million in New Markets Venture Partners, a Maryland-based venture capital firm that funds education technology startups.

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

Edsurge

College and university leaders are increasingly willing to work with technology and services partners and various “enabler” firms that are much more integrated into their operations—not only at the margins of their value chain, but at the core. Yet, for a number of years, the momentum in the high-growth online education market has been shifting to non-profit institutions , notably often powered by the technology and services of corporate partners.

Real Questions About Artificial Intelligence in Education

Edsurge

OpenEd ), Armen Pischdotchian, (an academic technology mentor at IBM Watson), Kathy Benemann (CEO of EruditeAI ), and Kirill Kireyev (founder of instaGrok and technology head at TextGenome and GYANT ). And there’s greater availability of the technology—things that you can literally use out the box. Can adaptive platforms (such as ALEKS or Knewton) help students learn the facts and enable the teachers to guides? Education Technology Events Community

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

Edsurge

Luminaries in the edtech industry, including Richard Culatta (ISTE CEO and former director of the Office of Educational Technology at the U.S. What is it about the Utah that makes it a hotbed of education and technology talent? (Is 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. 2:00PM: Mapping EdTech Globally by Navitas Ventures.

Udemy 75

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.” ” Via Campus Technology : “BYU Researchers Aim to Stop Robots from Eating Tables with Wikipedia.” Via Campus Technology : “ Education Data Breaches Double in First Half of 2017.” (National) Education Politics.

Hack Education Weekly News

Hack Education

Although much of the focus of ed-tech involves what happens at school, it’s important to remember that the corporate and consumer markets for “learning technologies” are much larger. ” 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.).

The Business of 'Ed-Tech Trends'

Hack Education

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. I assumed that they looked to see if the company could do what it promised – financially, technologically. The technology did not work. Knewton (adaptive learning): $182.3 ” Tutoring is the cornerstone of technological fantasies about “personalized learning.”

Hack Education Weekly News

Hack Education

Here are the education technology companies that have raised money from ISPs. What’s his evidence that technology has not eliminated jobs – other than this weird insistence that there is no such thing as neoliberalism in ed-tech ? Via Edsurge : “ Pearson , an Investor in Knewton , Is ‘Phasing Out’ Partnership on Adaptive Products.” “​ Intel Hits Pause on Edtech Accelerator,” says Edsurge. Education Politics.

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. Campus Technology reports that Davidson College is partnering with Revature to offering coding classes to its students and graduates. Presidential Campaign Politics.

The Long Life of a Data Trail

Graphite Blog

Within educational technology, tech companies can acquire data via multiple routes. 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.

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. Edsurge covers Clever ’s new product “Clever Goals,” which takes the data that the company gleans about student usage of technology and sells it back to schools. From the press release : “ Knewton Launches Alta, Fully Integrated Adaptive Learning Courseware for Higher Education, Putting Achievement in Reach for Everyone.”

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. ” Susan Crawrford argues “Why Universities Need ‘Public Interest Technology’ Courses.” ” Via Inside Higher Ed : “ South Carolina technical colleges received formal permission on Wednesday to offer bachelor’s degrees in advanced manufacturing technology.” million from Omidyar Technology Ventures and Houghton Mifflin Harcourt.

MOOC 53

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. Via Bloomberg Technology : “How Thync , Startup Behind Brain-Zapping Gadget, Almost Died.” ” Via the BBC : “ Microsoft accused of Windows 10 upgrade ‘nasty trick’ ” Via Campus Technology : “ Moodle Intros Full Support for Competency-Based Ed.” Education Politics.

MOOC 60

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. ” Via MIT Technology Review : “U.S. (National) Education Politics.