ACROBATIQ: $9.75 million to Pittsburgh, PA-based Acrobatiq in a Series A round financed by Draper Triangle Ventures, Hearst Ventures, and the Bill & Melinda Gates Foundation. Founded in 2013, Acrobatiq first received funding from Carnegie Mellon University (CMU) to build a higher education focused adaptive learning platform. It currently offers an adaptive courseware catalogue, a data analytics dashboard, and course authoring tools.
The company claims the tool is backed by 12 years of research conducted by CMU’s Open Learning Initiative. This most funding will support continued development of Acrobatiq’s learning platform, along with sales and marketing efforts. Early Acrobatiq adopters include Arizona State University and the University System of Georgia. More details in the press release.