|Headquarters||New York, NY|
|Jose Ferreira (Founder & CEO)
David Liu (COO)
Ryan Prichard (CTO)
|Services||Infrastructure platform for adaptive learning|
Number of employees
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.
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 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%".
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.
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