Mountain View, CA-based tech education startup, EdCast has secured $6 million in Series A round of funding. The round was led by Softbank Capital, Menlo Ventures, Novel TMT Ventures, Mitch Kapor, Cervin Ventures, Aarin Capital, NewSchools Venture Fund and the Stanford StartX Fund.
Edcast is a company that offers universities and colleges cloud-based personalized learning through its Knowledge Cloud platform.
“These investments represent a quantum jump to let data-rich and personalized Knowledge Clouds enable higher education institutions and top educators to deliver their content globally with sustainable business models,” said Karl Mehta, Founder & CEO of EdCast Inc.
Currently, EdCast offers its cloud-based personalised learning to 39 universities, including Columbia University, Michigan State, Trinity College Dublin and the University of Botswana among others.
“We are excited to once again back Karl Mehta and his latest vision to transform traditional industries – in this case higher education – by combining the entrepreneurial spirit of Silicon Valley with the latest innovative technologies,” said Steve Murray, Partner, SoftBank Capital.
“Karl is a proven entrepreneur and has built a great team committed to their vision for EdCast and its personalized learning networks to reshape the future of online education.”