The AI-based contextual insight service has closed a $33.6m round that included SoftBank, Relx and Crescent Enterprises, taking its total funding to almost $56m.
US-based cloud learning platform developer EdCast has secured $33.6m in a funding round that included diversified conglomerate Crescent Enterprises, analytics services provider Relx and telecommunications and internet group SoftBank.
Investment manager State Street Corporation’s State Street Global Advisors vehicle also took part, alongside The London Fund, Mistletoe, Cervin Ventures, Stanford University and undisclosed others. SoftBank and Relx invested through SoftBank Capital and REV respectively.
EdCast provides a cloud-based service that uses artificial intelligence and machine learning to aggregate content and provide…
