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Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. In its most recent earnings report , which covers the three months ended July 31, 2019, Wiley disclosed that it had “spent $73 million in total on acquisitions in the quarter, including zyBooks and Knewton.”

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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. Kibby has big claims of his own, however, when it comes to how aggressively Knewton plans to compete with major textbook publishers.

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Who is the Theranos of Education?

Edsurge

Knewton: All Talk, Little Evidence While AltSchool spent millions of dollars, few experts I talked to described the microschool model as having negative impacts on student learning. But, don’t worry—they had plenty to say about Knewton. Life at a startup is hard, but education is exponentially harder.' No kidding.”

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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.

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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. I said, if it’s Knewton, I’m very interested, but if it’s not Knewton, I’m not.”

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A Technologist Spent Years Building an AI Chatbot Tutor. He Decided It Can’t Be Done.

Edsurge

In 2015, he famously criticized promises about what was then the latest in AI for education — a tool from a company called Knewton. The CEO of Knewton, Jose Ferreira, said his product would be “like a robot tutor in the sky that can semi-read your mind and figure out what your strengths and weaknesses are, down to the percentile.”

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Pearson To Scale Back Partnership With Adaptive Learning Provider Knewton

Marketplace K-12

The post Pearson To Scale Back Partnership With Adaptive Learning Provider Knewton appeared first on Market Brief. Going forward, Pearson “is developing its own in-house adaptive learning capability,” said a representative for the company.

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