Clever, an Oslo-based edtech startup, recently announced lrtrading that it has raised $500 million in a Series C funding round. The funding round was led by SoftBank Vision Fund 2, and included participation from existing investors, such as Bessemer Venture Partners, Kreos Capital, and Viking Global Investors.
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Clever was founded in 2012 by Tyler Bosmeny, Dan Carroll, and Rafael Garcia. The company’s mission is to help K-12 schools leverage technology to improve student learning outcomes. Clever’s platform acts as a single sign-on portal for educational software, allowing teachers and students to easily access and use a variety of digital tools.
The platform is currently used by more than 65,000 schools in the United States, reaching over 20 million students. Clever’s software is integrated with more than 600 educational applications, including popular programs like Google Classroom, Zoom, and Seesaw.
The Series C funding round brings Clever’s total ifsptv funding to $704 million. The company plans to use the funds to continue expanding its platform and product offerings, and to expand into international markets.
One area of focus for Clever is personalized learning. The company recently launched Clever Goals, a tool that allows teachers to set learning objectives for individual students and track their progress. With Clever Goals, teachers can create personalized learning plans for each student, ensuring that they receive the support and resources they need to succeed.
Another area of focus for Clever is data privacy and security. The company takes great care to protect student data and ensure that it is only used for educational purposes. Clever is compliant with the Family Educational Rights and Privacy Act (FERPA), a federal law that protects the privacy of student education records.
Clever has also taken steps to ensure that its giveme5 platform is accessible to all students, regardless of their background or abilities. The company has built features into its platform to support students with disabilities and has partnered with organizations like the National Deaf Center on Postsecondary Outcomes to improve access to education for deaf and hard-of-hearing students.
The edtech industry has seen explosive growth in recent years, driven in part by the COVID-19 pandemic and the shift to remote learning. According to a report by HolonIQ, the global edtech market is expected to reach $252 billion by 2025, up from $87 billion in 2020.
Clever’s success in the edtech industry can be 123chill attributed to several factors. One is the company’s focus on making technology easy to use and accessible for teachers and students. Another is its commitment to data privacy and security, which is a major concern for schools and parents alike. Finally, Clever’s emphasis on personalized learning and its ability to integrate with a wide variety of educational software makes it a valuable tool for educators.
As Clever continues to grow and expand, it will be manytoons interesting to see how the company continues to innovate and improve its platform. With the support of SoftBank and other investors, Clever is well-positioned to continue making a positive impact on the education industry and helping students achieve their full potential.