Educational data software developer Kidaptive had raised more than $30m from investors including Stanford-StartX Fund.
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.