What is EdCast?
Founded in 2013 and headquartered in Mountain View, California, EdCast operates as a software company specializing in an AI-powered knowledge cloud platform designed for corporate environments. The platform aims to enhance employee learning, skill development, and knowledge sharing within organizations, leveraging artificial intelligence to personalize content delivery and insights. EdCast's offerings are crucial for businesses seeking to upskill their workforce and foster a culture of continuous learning in a rapidly evolving business landscape.
How much funding has EdCast raised?
EdCast has raised a total of $90.6M across 4 funding rounds:
Series A
$6M
Series B
$16M
Series C
$33.6M
Series D
$35M
Series A (2014): $6M with participation from SoftBank Capital, Cervin Ventures, Menlo Ventures, and Aarin Capital
Series B (2015): $16M led by Penta Global, GE Asset Management, Stanford-StartX Fund, SoftBank Capital, and Cervin Ventures
Series C (2018): $33.6M supported by REV Venture Partners, The London Fund, and SoftBank Group Corp.
Series D (2019): $35M featuring REV Venture Partners, State Street Global Advisors, National Grid Partners, and Avathon Capital
Key Investors in EdCast
REV Venture Partners
REV Venture Partners is a global venture capital partnership, known for its early investments in significant technology companies. Backed by RELX PLC, a major content, technology, and analytics firm, REV Venture Partners brings strategic industry connections and substantial financial backing to its portfolio companies.
National Grid Partners
National Grid Partners invests in technologies that address current challenges and shape future energy systems. They act as a bridge between entrepreneurs and utilities, fostering collaboration for innovative energy solutions. Their portfolio includes a range of companies focused on AI, cybersecurity, and energy management, targeting utilities and other asset-intensive industries.
SoftBank Group Corp.
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, SoftBank Group supports the development and scaling of transformative technologies worldwide.
What's next for EdCast?
With a history of significant capital injections, EdCast is strategically positioned for continued growth and innovation in the competitive EdTech and enterprise software markets. The substantial enterprise-level funding suggests a focus on scaling operations, expanding its technological capabilities, and potentially pursuing strategic acquisitions or partnerships. The company's trajectory indicates a commitment to solidifying its market leadership by enhancing its AI-driven features and broadening its client base globally, aiming to become an indispensable tool for corporate learning and development.
See full EdCast company page
