K-12 Dealmaking: Carnegie Learning Acquires Virtual Curriculum; Byju's Raises $250M - Market Brief - Education Week

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Carnegie Learning has acquired the MUSE Virtual School curriculum, the 2 companies announced last week.

MUSE Virtual is simply a K-12 online learning level founded by histrion Suzy Amis Cameron and her husband, filmmaker James Cameron. The enactment has grown retired of the MUSE Global School successful Calabasas, California.

Carnegie Learning, a K-12 supplier based successful Pennsylvania, said it plans to integrate the program into its bundle and to usage it arsenic a gathering artifact for aboriginal plans with augmented world and the metaverse.

“In today’s planetary economy, it is much important than ever for students – careless of their determination – to person seamless entree to the champion acquisition products,” said Barry Malkin, CEO of Carnegie Learning. “With expertise successful math, literacy, and satellite languages, the MUSE program brings an added extent to our portfolio, which is dissimilar immoderate different institution successful our industry.”

Carnegie Learning has appointed Suzy Amis Cameron to its committee of directors and volition spouse with James Cameron to make a bid of caller acquisition products and services.

Byju’s raises $250 cardinal successful caller funding. The Indian ed-tech giant’s caller circular of backing comes from existing backers, bringing the worth of the institution to $22 billion.

Based successful Bengaluru, the multinational institution offers math, coding, reading, euphony and creativity done its acquisition exertion platform.

The company, successful a statement, said Qatar’s sovereign fund, Qatar Investment Authority, participated successful the round. Other participants were not disclosed.

“Byju’s is present astatine that saccharine spot of its maturation communicative wherever the portion economics and the economies of standard some are successful its favor,” said Byju Raveendran, CEO and co-founder of Byju’s, successful a statement. “Continued enactment from our esteemed investors reaffirms the interaction created by america truthful acold and validates our way to profitability.”

Byju’s has been a juggernaut successful its fundraising and has besides made a bid of acquisitions implicit the past fewer years. It came nether scrutiny this twelvemonth for delays successful releasing a fiscal audit, which erstwhile unveiled, reportedly revealed fiscal losses.

Skill-Lync acquires hands-on tech skills platform. India-based ed-tech startup Skill-Lync announced that it acquired Crio, an experiential learning level for tech careers.

Crio volition run arsenic an autarkic marque nether the Skill-Lync Group. Other presumption of the woody were not disclosed.

Skill-Lync, founded successful 2018, provides industry-relevant courses for engineering students and graduates crossed each disciplines. The institution has raised $20 cardinal successful backing and is backed by investors similar Y Combinator and Better Capital, and has received concern from Flipkart’s Binny Bansal successful its latest backing round.

Crio, backed by Binny Bansal and different erstwhile Flipkart employees, helps students larn applicable skills by moving connected real-world projects.

“We are truly excited to go portion of the Skill-Lync Group, which shares a akin ngo and attack towards learning,” Raithinamurthy R, co-founder of Crio, said successful a statement.

Under this acquisition, the companies said they purpose to enactment much than 25,000 students with applicable occupation opportunities successful the adjacent 2 to 3 years.

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