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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. The secret to its swift entry into publishing was OER (open education resources).
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.
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 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.
Luminaries in the edtech industry, including Richard Culatta (ISTE CEO and former director of the Office of Educational Technology at the U.S. godfather” of OER and Chief Academic Officer of Lumen Learning), trace their roots here. edtech deals. She adds: “If you don’t tie learning to talent, you miss the point of edtech.”.
At the time, David Wiley expressed his concern that the lawsuit could jeopardize the larger OER movement, if nothing else, by associating open educational materials with piracy. Founded in 2008 by a former Kaplan executive Jose Ferreira, Knewton was one of the most heavily funded ed-tech startups of the decade. Socorro Dove.
He’s a partner at Founders Fund, which has invested in Knewton, AltSchool, Uversity, ResearchGate, If You Can, Upstart, Declara, and Affirm. This week: “ OpenStax Partners with panOpen to Expand OER Access.” Its Crunchbase description is great : “TX-based edtech company.” million total.
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