Educational data software developer Kidaptive had raised more than $30m from investors including Stanford-StartX Fund.
Kidaptive, US-based adaptive learning software producer spun out of Stanford University, was acquired educational product provider McGraw Hill for an undisclosed amount yesterday.
Founded in 2011, Kidaptive’s software utilises artificial intelligence algorithms to help education-focused companies analyse user data to improve engagement with students. Its team will be integrated into a Center for Innovation run by McGraw Hill’s School group.
The company had raised approximately $30.5m in funding as of a $19.1m series C round co-led by educational publisher Woongjin ThinkBig and venture capital firm Formation 8 in 2018.
Visual effects creator Prana Studios joined Menlo Ventures, Tuesday Capital (then CrunchFund), Veddis Ventures, S-Cubed Capital, VKRM Ventures and iCamp in a $1.35m series A round for Kidaptive that closed in 2013.
Formation 8 led the company’s $10.1m series B round later the same year, investing together with Stanford-StartX Fund, Prana Studios, Menlo Ventures and NewSchools Venture Fund.
– A version of this article first appeared on our sister site, Global Corporate Venturing.
Founded in 2011, Kidaptive’s software utilises artificial intelligence algorithms to help education-focused companies analyse user data to improve engagement with students. Its team will be integrated into a Center for Innovation run by McGraw Hill’s School group.
The company had raised approximately $30.5m in funding as of a $19.1m series C round co-led by educational publisher Woongjin ThinkBig and venture capital firm Formation 8 in 2018.
Visual effects creator Prana Studios joined Menlo Ventures, Tuesday Capital (then CrunchFund), Veddis Ventures, S-Cubed Capital, VKRM Ventures and iCamp in a $1.35m series A round for Kidaptive that closed in 2013.
Formation 8 led the company’s $10.1m series B round later the same year, investing together with Stanford-StartX Fund, Prana Studios, Menlo Ventures and NewSchools Venture Fund.
– A version of this article first appeared on our sister site, Global Corporate Venturing.
