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

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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

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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. But in the past few years the company has suffered several setbacks—along with mounting criticism that its founding CEO, Jose Ferreira, overhyped its technology.

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Who is the Theranos of Education?

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As John Warner referenced in 2018 , AltSchool sought to create “technology-infused schools that would revolutionize education;” in brass tacks, Ventilla and his team sought to create a network of microschools buoyed by a technology platform containing self-paced courses and curriculum. Money came flowing. No kidding.”

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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.

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

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Satya Nitta But in the end, Nitta decided that even though the generative AI technology driving excitement these days brings new capabilities that will change education and other fields, the tech just isn’t up to delivering on becoming a generalized personal tutor, and won’t be for decades at least, if ever.

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

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Jose Ferreira Steps Down as Knewton CEO, Eyes Next Education Startup

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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. So it comes as a surprise that the founder and CEO of.

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