Harman Patil (Editor)

Knewton

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Type
  
Private

Website
  
knewton.com

Founder
  
Jose Ferreira

CFO
  
Jennifer Grunebaum

Industry
  
Education Technology

CEO
  
Ryan Prichard (Dec 2016–)

Founded
  
2008

Number of employees
  
180

Knewton httpslh3googleusercontentcomaqVNQCchBUUAAA

Key people
  
Jose Ferreira (Founder & CEO)David Liu (President & COO)Ryan Prichard (CTO)

Services
  
Infrastructure platform for adaptive learning

Headquarters
  
New York City, New York, United States

VPs
  
Mike Chapin, Jason A. Jordan (Revenue Strategy)

Profiles

Knewton adaptive learning platform tutorial video


Knewton is an adaptive learning company that has developed a platform to personalize educational content. The company was founded in 2008 by Jose Ferreira, a former executive at Kaplan, Inc. The Knewton platform allows schools, publishers, and developers to provide adaptive learning for any student. In 2011, Knewton announced a partnership with Pearson Education to enhance the company's digital content, including the MyLab and Mastering series. Additional partners announced include Houghton Mifflin Harcourt, Macmillan Education, Triumph Learning, and over a dozen others.

Contents

Knewton's headquarters are at 100 5th Avenue in Manhattan, New York City. The company also has an office in Tech City, London.

Description

Knewton is an adaptive learning technology provider that makes it possible for others to build adaptive learning applications. Knewton technology enables the company to perform "sophisticated, real-time analysis of reams of student performance data." Knewton uses adaptive learning technology to identify each student's particular strengths and weaknesses. Concepts are tagged at very specific levels, which allows the platform to make custom recommendations based on students’ proficiency and needs. The company first launched with a GMAT preparation course, which has now been discontinued.

In 1995, researchers now working for Knewton proved that the small question pool available to the Graduate Record Examination (GRE) computer-adaptive test made it vulnerable to cheating.

In January 2011, Arizona State University began running developmental math and blended learning courses using Knewton's adaptive technology. "The portion of students withdrawing from the courses fell from 13% to 6%, and pass rates rose from 66% to 75%".

Funding history

In its first round of funding, Knewton raised $2.5 million in investment capital from Accel Partners, Reid Hoffman, Ron Conway, and Josh Kopelman at First Round Capital. In April 2009 Knewton closed a $6 million round of funding led by Bessemer Venture Partners with returning investors, and in April 2010 Knewton closed a $12.5 million round of funding led by FirstMark Capital with returning investors. In October 2011 the company closed a $33 million series D round of funding led by the Founders Fund. In December 2013 the company closed a $51 million series E round of funding led by Atomico, joined by GSV Capital and returning investors. In February 2016, Knewton closed a series F $52 million round, its largest to date, led by Sofina and Atomico.

References

Knewton Wikipedia


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