article thumbnail

Who is the Theranos of Education?

Edsurge

Kemp Edmonds, an investor and entrepreneur, observed AltSchool’s mission like this: “Here’s technology coming to save this industry with its incredible promises that often lack an understanding of how things work in unique and specific industries, pedagogies and dynamic jurisdictions.” No kidding.” A similar story to AltSchool, right?

Knewton 218
article thumbnail

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. No industry analyst we spoke with believes the sale price was anywhere near what Knewton had raised.

Knewton 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

One of the World’s Best-Funded Edtech Companies Is Investing In AI Moonshots. Can It Work?

Edsurge

Edtech is one of the slowest adopters of AI so far, compared to some of the other industries out there,” Roy said. So in a sense, Byju's could succeed, and they have deeper pockets with more patience than was the case for VC-backed Knewton and some others.”

Company 216
article thumbnail

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. So it comes as a surprise that the founder and CEO of. statement on his departure. “I

Knewton 60
article thumbnail

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

Edsurge

Fuller, who has covered the edtech industry for over a decade, recently shared her take on current trends on edtech mergers and acquisitions. Another publisher, Wiley, bought Knewton and Zybooks in a span of two months. What follows is a transcript of the conversation, lightly edited for clarity.

Industry 110
article thumbnail

Digital Courseware Provider Top Hat Gets $130M and a New CEO

Edsurge

“What I love doing is really helping to change an industry that has been doing one thing one way for a long time,” says Rohrlich. “At At Bazaarvoice, that was in the retail industry. Rorhlich has not worked in an education business before, and while he may be lacking in industry experience, he is not short on capital.

Pearson 154
article thumbnail

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

Edsurge

Knewton has raised $25 million in a new funding round—the eighth since it launched in 2008. Brian Kibby, CEO of Knewton Getting into the courseware business marks a major pivot for the New York City-based company, which originally licensed its adaptive learning technology to publishers. Sample screenshot of what students see in Alta.

Knewton 67