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|Industry||Educational Technology |
Learning Management Systems
Salt Lake City, Utah,
Number of locations
|Products||Canvas, Bridge, Studio, Gauge, Practice, MasteryConnect|
|Revenue||$209.5 million (2018)|
Number of employees
Instructure, Inc. is an educational technology company based in Salt Lake City, Utah. It is the developer and publisher of Canvas, a Web-based learning management system, and Canvas Network, a massive open online course (MOOC) platform. The company is owned by private equity firm Thoma Bravo.
Instructure was founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley, with initial funding from Mozy founder Josh Coates (currently the executive chairman of the Board) and Epic Ventures.
In December 2010, the Utah Education Network (UEN), which represents a number of Utah colleges and universities, announced that Instructure would be replacing Blackboard as their preferred LMS supplier. By January 2013, Instructure's platform was in use by more than 300 colleges, universities and K–12 districts, and the company's customer base had increased to 9 million users by the end of 2013.
In February 2011, Instructure announced that they were making their flagship product, Canvas, freely available under an AGPL license as open source software. The announcement received coverage in the press. In February 2012, the company launched Canvas K–12. As of 2020, while the core remains open source, according to its GitHub FAQ many of its functions and add-ons are proprietary.
In November 2012, Instructure entered the massive open online course market by launching Canvas Network.
In June 2013, Instructure secured $30 Million in Series D Funding, bringing their lifetime funding total to $50M. In February 2015, it raised another $40 Million in Series E Funding, raising their lifetime funding total to $90M. CEO Josh Coates described it as "a pre-IPO round." On November 13, 2015, the firm began trading as a publicly held company on the New York Stock Exchange.
The interface of Canvas
|Written in||Ruby on Rails|
Instructure Inc. was created to support the continued development of a learning management system (LMS) originally named Instructure. Once incorporated, the founders changed the name of the software to Canvas. The Utah-based company tested the LMS at several local schools including Utah State University and Brigham Young University before officially launching the system. As of 2020, it is used in approximately 4,000 institutions around the world.
In 2011, Canvas launched its iOS app, and in 2013, its Android app, enabling mobile access to the platform. The apps were eventually split into Canvas Student and Canvas Teacher, separating features for students and instructors. In 2016, the firm launched Canvas Parent, their mobile app for parents, for both iOS and Android, allowing parents of K–12 students to stay informed on their children's assignments, grades, and overall schooling.
In August 2020, 13 states across the United States confirmed a partnership with Instructure in order to adopt its Canvas LMS platform for their educational institutions. The states said that, by adopting Canvas as a statewide solution to the challenges raised by the global COVID-19 pandemic, they hoped to provide stronger support to educators and students.
A feature is Canvas Commons which allows teachers to "share content, assessments, even entire courses with each other".
In November 2012, the firm entered the massive open online course (MOOC) market by launching Canvas Network.
On February 18, 2015, Instructure officially launched Bridge, a cloud-based corporate LMS. This launch followed $40 million raised in Series E funding, led by Insight Venture Partners. EPIC Ventures and Bessemer Venture Partners also participated in the funding. This round raised their total lifetime funding to close to $90 million. At launch, Bridge served six corporate clients, including Oregon State University, which had also been using Instructure's Canvas LMS for their students since fall 2015. Bridge now serves more than 500 clients, but is expected to be sold off as part of the recent sale to Thoma Bravo.
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