Click here to close now.

SYS-CON MEDIA Authors: Liz McMillan, Pat Romanski, Elizabeth White, tru welu, Blue Box Blog

News Feed Item

Schoology Secures $15 Million to Fuel Growth and Product Innovation

Schoology has closed a new $15 million round of funding led by Intel Capital along with new investors Great Oaks Venture Capital and Great Road Holdings. Existing investors participating in this round are FirstMark Capital and Meakem Becker Venture Capital. The round brings Schoology’s total capital raised to $25 million, which will support continued expansion in K-12 and higher education markets. Click to Tweet.

“Intel is excited to be a part of Schoology’s growth as it strengthens its position in the K-12 market and continues expanding into higher education and international markets,” said John Galvin, vice president of the Sales and Marketing Group at Intel and general manager of Intel Education. “Learning platforms have quickly become one of the fastest growing segments in education technology, and Schoology has emerged as a leader in this space and continues building the best-in-class platform for education.”

Intel Capital’s Sumeet Jain will join Schoology’s Board of Directors.

Schoology—recently named the top education technology product at the 2014 SIIA CODiE Awards—has reimagined and redefined learning management systems by creating a collaborative, blended learning experience for use on any device, at any time or anywhere. Schoology provides tools for instruction and curriculum management, dedicated mobile apps, access to an integrated global learning community, advanced analytics and reporting, and an open platform for third-parties to build on top of the Schoology platform.

“We are in a golden age for education technology, and Schoology is at the forefront, driving innovation in the market. We continue to receive praise from our users, as well as industry accolades, for our work in building a unified platform that is helping to improve the learning experience for students of all ages,” said Jeremy Friedman, CEO of Schoology. “Intel is one of the largest names in global education, and their investment represents significant validation for the work we are doing.”

Schoology now supports five million users, across 50,000 schools and in almost every country. This new growth capital will allow Schoology to accelerate growth as it scales up operations, expands into new markets, and builds new features.

The round of funding follows a series of major wins for Schoology. In addition to winning three awards at this year’s CODiE Awards, the country of Uruguay recently selected Schoology for all 620,000 students in their national education initiative, and CSU Global Campus chose to collaborate with Schoology on a learning management system for its premier global online university.

Schoology will be exhibiting at ISTE 2014, the largest education technology conference in the U.S., June 28-July 1 in booth 3026. Schoology’s sold-out, inaugural user conference, Schoology NEXT, kicks off in Denver, June 24-25, with Alan November as the keynote speaker.

About Schoology

New York City-based Schoology—used by five million users in over 50,000 K-12 schools and universities around the world—combines dynamic learning management, an easy-to-use collaborative interface and next-generation API integration into one innovative solution. Schoology transforms learning into a media-rich interactive experience where students, teachers, parents and administrators work together to raise student achievement worldwide. Available as a free stand-alone product and as a fee-based integrated enterprise-class solution deployed in schools or across districts, Schoology is user-centric and scalable for any blended learning environment. More information at schoology.com or @schoology.

About Intel

In our increasingly global economy, Intel Education recognizes that curiosity, critical thinking and a quality education are necessary to prepare tomorrow’s workforce for jobs of the 21st century. That is why Intel collaborates with governments, NGOs and industry to advance education and enable individuals to develop skills for lifelong success. Intel’s programs are tailored based on local community needs, but are unified by the common theme of unlocking individual potential by providing the skills and opportunities for success. www.intel.com/education

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,351 companies in 55 countries. www.intelcapital.com or follow @Intelcapital.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In this session, James Kirkland, Red Hat's Chief Architect for the ...
While there are hundreds of public and private cloud hosting providers to choose from, not all clouds are created equal. If you’re seeking to host enterprise-level mission-critical applications, where Cloud Security is a primary concern, WHOA.com is setting new standards for cloud hosting, and has established itself as a major contender in the marketplace. We are constantly seeking ways to innovate and leverage state-of-the-art technologies. In his session at 16th Cloud Expo, Mike Rivera, Seni...
Cloud Expo, Inc. has announced today that Andi Mann returns to DevOps Summit 2015 as Conference Chair. The 4th International DevOps Summit will take place on June 9-11, 2015, at the Javits Center in New York City. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at ...
EMC Corporation on Tuesday announced it has entered into a definitive agreement to acquire privately held Virtustream. When the transaction closes, Virtustream will form EMC’s new managed cloud services business. The acquisition represents a transformational element of EMC’s strategy to help customers move all applications to cloud-based IT environments. With the addition of Virtustream, EMC completes the industry’s most comprehensive hybrid cloud portfolio to support all applications, all workl...
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are bein...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Enterprises are fast realizing the importance of integrating SaaS/Cloud applications, API and on-premises data and processes, to unleash hidden value. This webinar explores how managers can use a Microservice-centric approach to aggressively tackle the unexpected new integration challenges posed by proliferation of cloud, mobile, social and big data projects. Industry analyst and SOA expert Jason Bloomberg will strip away the hype from microservices, and clearly identify their advantages and d...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enter...
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
Thanks to widespread Internet adoption and more than 10 billion connected devices around the world, companies became more excited than ever about the Internet of Things in 2014. Add in the hype around Google Glass and the Nest Thermostat, and nearly every business, including those from traditionally low-tech industries, wanted in. But despite the buzz, some very real business questions emerged – mainly, not if a device can be connected, or even when, but why? Why does connecting to the cloud cre...
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption...
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust...
Imagine a world where targeting, attribution, and analytics are just as intrinsic to the physical world as they currently are to display advertising. Advances in technologies and changes in consumer behavior have opened the door to a whole new category of personalized marketing experience based on direct interactions with products. The products themselves now have a voice. What will they say? Who will control it? And what does it take for brands to win in this new world? In his session at @Thi...