EdCast Raises $35 million in the Series D Round of Financing

By StartUp City | Wednesday, December 18, 2019

EdCast, an education technology software developer raised $35 million in the Series D round of financing, which was led by Avathon Capital. The company has planned to invest the raised amount in expanding its market by developing new solutions for corporate learning

Fremont, CA: The ed-tech software solution provider EdCast raised $35 million in the Series D funding round from Avathon Capital. EdCast is a leading supplier of AI-based personalized learning as well as knowledge management for the enterprise based customers. Avathon Capital is supporting EdCast as the company is expanding and accelerating its market by developing new products to enhance corporate learning and upskilling the content for its 2 million paid users. Other participants of the Series D funding round include National Grid Partners, State Street Global Advisors, REV Venture Partners, and Others.

The exponentially growing technologies such as Artificial Intelligence (AI) as well as automation are significant factors driving the digital disruption in all industries across the Globe. It is essential for organizations to embrace the culture of learning as well as upskilling, along with the mindset of corporate growth. The EdCast’s AI-based knowledge cloud delivers scalable as well as an excellent platform for knowledge discovery along with the personalized content to encourage productivity, thereby fostering the learning process.

Since the responsibility for training, developing the skills, and educating the employees continues to move towards the employer, the products and solutions of EdCast started finding a better place in the markets.

The seamless corporate learning solution developed by EdCast is adopted internationally by organizations including the industry giants as well as large government firms across the Globe. Some of the large firms such as Hewlett Packard, Dell EMC, Mars Inc., NASSCOM, and World Economic Forum have adopted EdCast's learning solutions to optimize their potential by providing content and knowledge for the employees and the employer. EdCast's exemplary work innovations and the efforts to deliver the best employee experience solutions to the organizations are expanding its customer base exponentially.

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