edtech

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 detection company whose

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 company didn’t specif

Camshaft says Byju’s unit is beneficial owner of $533M funds

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 U.S.-based

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 have been &

Byju’s investors vote to remove founder

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 lead

Empowerly secures $15M for its college counseling services

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.

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 ed

Fintech, edtech and SaaS are not dead yet

We're taking a deep look at a number of startup fundraisings, and the latest from the world of venture capital itself. Startups and capital, it's our jam!

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 Nat

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, a

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 valuabl

Byju’s investors seek to remove edtech group’s founder

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 a rights

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-

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 and operational

Brex and the curse of having too much money

Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Today was somethin

Now is the time to invest in edtech

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 cuts Byju’s valuation by 95% to $1 billion

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, according to disclosures

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 further
Load More