EMERITUS, an edtech company that partners with US and European universities to provide online courses to working professionals, successfully completed a $40 million Series C funding round led by Sequoia India. Existing EMERITUS investor Bertelsmann India Investments also participated. According to the company, EMERITUS, along with
Adaptive learning products and technologies provider Knewton closed a $25 million financing round led by TriplePoint Capital with a debt facility of up to $20 million. Knewton's existing investors—which include Accel, Atomico, Bessemer Venture Partners, FirstMark Capital, First Round Capital, Founders Fund, and Sofina—invested an
Skillshare, an online learning community with thousands of classes in creative, business, and tech disciplines, closed $28 million in a Series C financing round that included $20 million in equity funding and $8 million in venture debt. Union Square Ventures, which previously participated in Skillshare's
Hailo, a company developing a proprietary chip for deep learning on edge devices, completed a $12.5 million Series A round. The company's investors include Ourcrowd.com, Maniv Mobility, the Drive accelerator fund Next Gear, as well as angel investors Hailo Chairman Zohar Zisapel and Delek Motors
Valohai, a machine learning platform-as-a-service company, has raised $1.8 million in new funding. The round was led by Nordic seed stage investment company Superhero Capital, with participation from Reaktor Ventures and Business Finland, the Finnish Funding Agency for Innovation. The Valohai platform automates machine learning training
SambaNova Systems, a Palo-Alto-based company developing computing platforms to power machine learning and data analytics applications, today emerged from stealth and announced $56 million in Series A funding, led by Walden International and GV (formerly Google Ventures). Other participants included Redline Capital and Atlantic Bridge
Quizlet today announced it has raised $20 million in Series B funding. The round was led by Icon Ventures, with Union Square Ventures, Costanoa Ventures, Owl Ventures and Altos Ventures participating in follow-on investments. According to the company, Quizlet is the largest user-generated consumer learning platform
Online course provider Springboard completed $9.5 million in Series A financing, led by Costanoa Venture Capital, with participation from Learn Capital, Blue Fog Capital, Moneta Ventures, and rocketship.vc. Springboard offers monthly cohorts of data science, design, analytics, marketing, and security online courses featuring learning materials
According to a recent SEC filing, Minerva Project, a for-profit educational organization that provides technology, infrastructure, and support services, closed $13 million in financing from an undisclosed investor. According to the company, the Minerva Project combines liberal arts and sciences curriculum with learning-based technology and instruction.
BetterLesson announced it has secured $10 million in Series B financing, led by Owl Ventures, with participation from New Markets Venture Partners, the Michael & Susan Dell Foundation, and Reach Capital. BetterLesson seeks to transform teachers’ performance at scale by empowering them to accelerate student learning.