edtech
Multiverse, the apprenticeship unicorn, acquires Searchlight to put a focus on AI
Multiverse, the U.K. unicorn that builds apprenticeship programs for people to learn technology skills while on the job, has made an acquisition as it aims to skill up itself. The…
GoStudent, the online learning platform, says it’s now profitable
In a market that no longer favors growth at all costs, GoStudent’s €3 billion valuation and global expansion may belong to the past. However, the Austrian tutoring platform reshaped quickly.
Turnitin laid off staff earlier this year, after CEO forecast AI would allow it to cut headcount
People worry that advances in AI will lead to job losses, but rarely does a company’s CEO openly admit that AI will help to reduce their headcount. Turnitin, a plagiarism…
Accenture to acquire Udacity to build a learning platform focused on AI
Accenture announced today that it would acquire the learning platform Udacity as part of an effort to build a learning platform focused on the growing interest in AI. While the…
Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and…
Byju’s founder, ousted by shareholders, insists he is still the CEO
Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing…
A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against the leadership…
Empowerly, an edtech startup that specializes in college counseling and career guidance services, raised $15 million in a recent funding round led by Conductive Ventures, the company announced today. The…
Byju’s says $200M rights issue that cuts valuation by 99% fully subscribed
Byju’s says its recently launched $200 million rights issue has been fully subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the…
Techstars-backed Nigerian edtech Klas raises $1M for global scaling of online teaching platform
Nigerian online teaching platform Klas has raised $1 million in pre-seed funding led by Ingressive Capital, with participation from Techstars, HoaQ, and several angel investors. Founded in 2022 by Nathan…
FTC orders Blackbaud to overhaul ‘reckless’ security practices in wake of 2020 breach
Education tech company Blackbaud agreed to settle with the U.S. Federal Trade Commission over the company’s security practices that resulted in a 2020 data breach. The FTC alleges that Blackbaud,…
Byju’s says investors don’t have voting right to remove founder from edtech group
Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now publicly airing their complaints about one another. Byju’s, once India’s most valuable startup, said Friday its…
A group of large investors in Byju’s has called for an extraordinary general meeting (EGM) where they seek to change the leadership at Byju’s days after the edtech group launched…
Studio’s new online school for musicians uses AI to create custom curriculums
MasterClass rival Studio launched today its first AI-powered online school for musicians, songwriters and producers to learn from top artists in the industry, create new songs, get feedback from like-minded…
Byju’s cuts valuation ask by 99% in rights issue amid cash crunch
Byju’s, the world’s most valuable edtech startup, has cut its valuation ask by 99% in a rights issue it launched Monday as the Indian firm scrambles to meet its liabilities…
Just tacking AI onto a product isn’t enough, and investors are hoping that the technology will lead to more innovation in the space.
It’s a good time to invest in early-stage edtech, investors say
It would be shortsighted to overlook edtech amid the present downturn, especially now that AI is disrupting nearly every industry out there.
BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to about $1 billion from $22 billion in early 2022,…
Kyron Learning secures $14.6M to expand its conversational AI technology
Kyron Learning, an AI-based learning startup, announced today its $14.6 million Series A funding round plus an $850,000 grant from the Bill & Melinda Gates Foundation. The new capital will…
Doubtnut, once offered a $150M deal by Byju’s, sells for $10M
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a stunning reversal of fortune…
Featured Article
6 innovative products from kid tech startups to gift your children
When it comes to gifts, it can be hard to pick the right one for your kids, especially since there are so many toys to choose from. If you’re looking for something lesser-known and innovative, you may want to consider products and services that have been developed by kid tech startups around the world. In…
Nucleos puts secure, tablet-powered education in the hands of inmates
Incarcerated people in correctional facilities around the country have wildly varying levels of opportunity to prepare for life after release. Nucleos is a startup that hopes to make the kind…
Byju’s expects minimal or no fine from India’s forex rule violation allegation
Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in nature and the startup anticipates that…
Prosus slashes valuation of India’s Byju’s below $3 billion
Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit early…
Augment provides an MBA-like program, but exclusively online
French startup Augment has seen the incredible rise of online courses and edtech companies, as well as its potential when it comes to reinventing education at scale. That’s why the…
Byju’s taps Jiny Thattil as CTO following departure of Anil Goel
Anil Goel, the CTO of Byju’s, is leaving the edtech giant, he informed some colleagues amid a broader restructuring at the Bengaluru-headquartered startup as it looks to pare down costs…
India accuses edtech giant Byju’s of $1.1 billion forex violations
India’s Enforcement Directorate, its crime-fighting agency, has issued a show-cause notice to Byju’s, accusing it of violating the nation’s foreign exchange rules. The ED’s allegations say that the Bengaluru-headquartered startup…
Tamar Huggins created the platform with her 13-year-old daughter, and hopes to target the Black Gen Z community.
Byju’s misses revenue projection in much-delayed financial account
Indian edtech giant Byju’s said on Saturday that revenue of its core business, its largest, in the financial year ending March 2022, stood at $429.18 million, making it clear that…
Byju’s CFO Ajay Goel, who joined the edtech giant in April this year, has already resigned, the two said Tuesday, in the latest setback for the startup that is grappling…