Connect with us

Press Release

Kahoot acquires Clever, the US-based edtech portal, for up to $500M

Published

on

Kahoot acquires Clever

Kahoot acquires Clever, a well-known edtech firm with headquarters in Oslo that has made a fortune by gamifying education and developing a platform for users to create their own learning games, is making an acquisition to increase its focus on K–12 education and its potential for expansion in the United States. It is purchasing Clever, a startup that created a single sign-on gateway for teachers, students, and their families to create and participate in digital learning classrooms. This portal is presently used by around 65% of all U.S. K–12 schools. According to Kahoot, depending on achieving specific performance objectives, the deal, which includes cash and shares, gives Clever an enterprise value of between $435 million and $500 million.

The goal is to continue increasing Clever’s 175-person U.S. workforce and provide it a lever for worldwide expansion alongside Kahoot’s larger portfolio of edtech products and services.

According to Eilert Hanoa, CEO of Kahoot, “Clever and Kahoot are two purpose-led firms who are equally enthusiastic about education and unleashing the potential within every learner.” “Through this acquisition, we see significant opportunity to collaborate on educational innovation to better serve all of our users, including schools, instructors, students, parents, and lifelong learners, and to use our global scale to provide Clever’s distinctive platform globally. The Kahoot family is pleased to welcome Tyler and his crew.

The announcement coincided with Kahoot’s release of good Q1 results and the closing of its unreported acquisition of Whiteboard.fi, a provider of whiteboard tools for instructors with a market cap of $4.3 billion on the Oslo stock exchange.

Clever and other edtech startups have benefited from the same currents that have helped Kahoot.

The startup was initially incubated in Y Combinator and launched with a vision to be a “Twilio for education.” Its vision was to create a unified way to be able to tap into the numerous student sign-on systems and educational databases in order to make it easier for those developing edtech services to scale their products and attract more customers (schools, teachers, students, and families) to use them. It turns out that the market for education is also rather fragmented, much like the markets for payments, general financial services, and telecommunications. Clever wanted to find a way to simplify the complexity and hide it behind an API so that others could use it more easily.

Over time, it also developed an application gallery (marketplace in its terminology) with some 600 software vendors and application developers who interact with its SSO, giving schools and districts access to a larger variety of edtech solutions. This has been increasingly important over the past year as schools have been compelled to stop offering in-person instruction in order to stop the COVID-19 pandemic.

Kahoot acquires Clever strategy has gained a lot of support from investors as well as educational institutions. With regard to the former, Clever claims that it is utilised by 89,000 schools and roughly 65% of K–12 school districts (13,000 in total) in the United States, 95 of the top 100 school districts in the nation included. This equates to 5.6 billion learning sessions and 20 million students logging in each month.

A rather amazing array of investors, including current and former YC partners like Paul Graham and Sam Altman, GSV, Founders Fund, Lightspeed, and Sequoia, have contributed to the latter company’s funding round. It hasn’t raised money since 2016, which in and of itself is an indication that it’s doing something well as a business. It raised little under $60 million, which may seem modest in today’s market. However, keep in mind that it has been around since 2012, when edtech was less hip and attention-grabbing.

Clever has been operating the business on “a cash flow neutral basis, redeploying all cash into development of its offerings,” according to Kahoot, who also pointed out that the company projects $44 million in billed revenues for 2021, with an annual revenue growth rate of about 25% CAGR in the last three years.

The pandemic and the enormous growth in remote learning and remote work contributed greatly to Kahoot acquires Clever successful year. In its results, it stated that it had 28 million active accounts in the previous year, which represented a 68% increase over the year before. It also stated that during that time, 279 million games were hosted, an increase of 28%, and more than 1.6 billion people participated in those games, an increase of 24%. 760,000 paid memberships were active in Q1; 255,000 of them belonged to the “work” (B2B) tier, 275,000 to school accounts, and 230,000 to the “home and study” category. Actual revenue for the quarter was $16.2 million (up from $4.2 million a year ago), increasing by 284%, while annual recurring revenue is now $69 million ($18 million for the same quarter last year).

In order to grow, the business, which is funded by companies like Disney, Microsoft, and Softbank, has made a number of acquisitions. The largest of these is clever at the moment.

Continue Reading

Press Release

Customer engagement analytics startup Retain.ai nabs $23M

Published

on

By

Customer engagement analytics startup Retain.ai nabs $23M

With participation from Baseline Ventures, Upside Partnership, and Afore Capital, Retain.ai, a platform that offers businesses a perspective of customer engagement across teams, processes, and apps, has raised $23 million in a funding round led by Emergence Capital. By the end of 2021, Retain.ai headcount would have more than doubled thanks to the fresh funding, according to co-founder and CEO Eric Chernoff. The company has now raised more than $27 million in total, thanks to this round.

It can be challenging for businesses to comprehend how each of their divisions is providing customer service as they expand. This may result in expending excessive effort on the incorrect clients while underinvesting in the appropriate ones. Customers who aren’t paying their bills, for instance, may consume the most time from the product, engineering, marketing, and other teams. Sadly, compiling the data required for customer interaction research frequently necessitates lengthy, account-specific timesheets, process and time studies, or analyses employing data from many sources of record.

The Prospects for AI-based By giving a breakdown of client data, Customer Service Retain.ai attempts to automate the process. The platform uses browser-based applications to build an image of customer engagement and gives managers and customer-facing teams measurements of internal process effectiveness.

The engine behind Retain.ai, which Chernoff and Vlad Shulman cofounded in 2020, “delivers a trusted, adaptable system for discovering and sharing the habits that drive client retention and income,” Chernoff, a former LiveRamp employee, said in an email to VentureBeat. Every employee across the client lifecycle deserves a copilot, driven by billions of data points each month, who can make suggestions such, “Relative to accounts that increase three times, we saw you should be doing more of the things that work for other accounts. Organizations may spread the best practises throughout whole teams and processes using Retain as their copilot, improving everyone’s performance at work.

customer data integration

ADVERTISEMENT

Retain admins create a “allow list” of applications, websites, and attributes during setup in order to capture data and execute workflows. Retain is a browser extension that users can download, and it gathers comprehensive session information such as page URLs, start and end times, page properties, process categories, and more. The platform uses visualizations and summaries to transform this data into usable information, acting as a single source of truth for all team, customer, and app interactions within an organisation.

The Retain platform, according to Chernoff, may respond to inquiries about return on investment in relation to customer expenditure, which can be utilised to develop new revenue sources for customer success. According to Chernoff, firms can use Retain to capture engagement time on certain accounts outside of the period allotted for it to do so.

In addition to providing visibility into client connections, retention serves as an early churn indicator. With the help of these “relationship scorecards,” brands can track consumer interactions and make any necessary course corrections.

Through information on the efforts [and] activities that go into servicing customers throughout their lifecycle, [Retain] helps firms understand overall cost-to-serve clients, according to Chernoff. “[Most] leaders struggle to concentrate on the highest value customers and processes and are unsure on how to fix the problem,” Our background is in data networking, therefore we recognized a chance to use adtech-related methods. to assist businesses in determining whether or not their financial commitment in a certain customer’s growth was profitable.

Retain.ai, a company with 20 workers based in San Francisco, California, claims that thousands of people at more than a dozen Fortune 500 firms, including Google, Nielsen, and Salesforce, are currently using its software. According to reports, annual recurring revenue has increased by 8 times in the past year, while growth among Retain’s current clients has increased by 36 times on average.

“My vision is for Retain to be the next generation of customer experience data, replacing all the time-consuming consultancy and spliced-together self-reporting data,” the author says. In order to maximise customer-facing interaction and increase revenue by 25% by raising engagement with high-value customers and strengthening retention, [for our clients] we are returning the 23,000 hours per year spent on time-consuming internal processes, Chernoff stated. The adoption of work-from-anywhere and hybrid models by businesses has led us to the conclusion that every employee at a company has a remote interaction with their team and customers. Enterprises now more than ever require visibility and to make sure nothing slips between the gaps.

Continue Reading

Press Release

Anti-Secrecy Activists Publish a Trove of Ransomware Victims’ Data DDoSecrets

Published

on

By

Anti-Secrecy Activists Publish a Trove of Ransomware Victims' Data DDoSecrets

In the interest of openness, the WikiLeaks successor DDoSecrets has gathered a contentious new collection of business ddosecrets wikileakslike 1tbgreenbergwired.

Radical transparency advocates like WikiLeaks have been fusing hacking and whistleblowing for years. No matter how dubious the source, they frequently publish any data they deem to be of public importance. However, one leak-focused organisation is currently mining a contentious new source of information: the enormous data caches that ransomware teams steal and release online when victims refuse to pay.

The transparency group of data activists known as Distributed Denial of Secrets today released a sizable new amount of data on its website, all of which were gathered from dark web sites where the material was initially disclosed online by ransomware hackers. About 1 terabyte of the information, which includes more than 750,000 emails, pictures, and documents from five companies, has been made public by DDoSecrets. With selected journalists or university researchers, the organisation is also offering to confidentially share an extra 1.9 gigabytes of data from over a dozen other firms. The massive data gathering covers a wide range of businesses, including manufacturing, finance, software, retail, real estate, and oil and gas.

All of that data, along with the gigabytes more that DDoSecrets claims it will provide in the upcoming weeks and months, comes from a trend among ransomware operations run by cybercriminals that is becoming more and more widespread. Ransomware hackers now frequently steal huge quantities of victim data and threaten to publish it publicly unless their hacking targets pay, going beyond simply encrypting victim PCs and demanding a payment for the decryption keys. The victims frequently reject that extortion, and the cybercriminals often carry out their threat. As a result, dozens or even hundreds of terabytes of private corporate information are exposed and posted on dark web servers, the web addresses of which are known to hackers and security experts.

Co Founder of DDoSecrets

Emma Best, co-founder of DDoSecrets, asserts that the data dump trails that ransomware operations leave in their wake frequently contain information that should be examined and, in some cases, made public. In a text message discussion with WIRED, Best said, “Ignoring critical data that can educate the public about how companies operate isn’t something we can afford to do.” Given that there is too much data for DDoSecrets to look through on its own, Best, who uses the pronoun they, was unable to state in many instances with certainty what secrets of possible public interest those enormous data sets may contain. But they contend that any proof of corporate wrongdoing revealed by those records, or even intellectual property that can benefit the public, should be regarded as fair game.

According to Best, “we have a duty to make that information available to researchers, journalists, and scholars so they can learn about how typically opaque industries (many of which control significant aspects of our lives and the future of the planet) operate.” This could be a pharmaceutical company, a petroleum company, or any other business with technical data and specs.

Exploiting data leakage left behind by cybercriminal hackers, however, raises significant ethical dilemmas for those battling the spreading global scourge of ransomware attacks. In his opinion, amplifying the leaks from ransomware groups only encourages them to threaten those leaks against more victims. Allan Liska is an analyst and researcher for the security firm Recorded Future. He claims to have personally witnessed the devastating effects of ransomware attacks on businesses of all sizes. Personally, I believe it to be incorrect, says Liska. “I believe you are taking advantage of someone who has a crime committed against them, even if you believe your motives are good,”
The best defence is that DDoSecrets isn’t disclosing any information that those hackers haven’t already made available. They claim that all of the information was previously published by ransomware hackers. “We don’t collaborate with them in any manner or receive anything from them directly. We are making data available that journalists are unable or frightened to access. Best adds that DDoSecrets will often discuss the majority of the leaks in private with journalists and scholars rather than publishing the material themselves. In those circumstances, they will request that anyone publishing the data redact anything that is excessively sensitive and doesn’t serve the public interest, including personally identifiable information. However, if the organisation decides that revealing such private information would be in the public interest, they reserve the right to do so. They also intend to grant the journalists and academics they share data with the same freedom to publish their findings.

DDoSecrets further points out that, whether or not it obtains personally identifying information, cybercriminals who might use it in ransomware leaks are already searching those breaches. The bogeymen that everyone enjoys worrying about? best authors. “They already have the information.”

Best cites the instance of Perceptics, a company that makes technology for license-plate readers. Perceptics experienced a breach in the spring of last year, and as per tech news site the Register, a ransomware hacker likely released its files onto the black web. In order to demonstrate how Perceptics had lobbied Congress for Customs and Border Protection contracts and downplayed security and privacy issues with its tech—even as the delicate license-plate data it was collecting was left vulnerable to hackers—journalists at the Intercept dug through the leaked data.

We cannot afford to ignore important data that can educate the public about how various sectors function.

BEST, EMMA; DDoSecrets

DDoSecrets released their own explosive collection of breached documents in June of this year. The group received BlueLeaks, a sizable collection of law enforcement information, from a hacker affiliated with Anonymous. The DDoSecrets account was suspended by Twitter, and all tweets including links to its website were even blocked, as a result of the 269 GB collection of papers from 200 state and local police organisations. The r/blueleaks subreddit was blocked by Reddit. Shortly after, DDoSecrets suffered a huge setback from which it is still trying to recover when German prosecutors in the town of Zwickau ordered police to take a server belonging to the organisation that housed many of its files and the search engine for its data gathering. It now intends to store its data on Tor-protected.onion sites that conceal the physical location of servers, making future seizures much more challenging.

DDoSecrets is still committed to completing its bigger objective in spite of those obstacles. It has also tapped into a large new stream of leaks thanks to its new malware trove. According to Liska of Recorded Future, more than 1,000 ransomware victims had their data leaked onto dark web sites just last year. He calculates that the total amount of stolen data posted to numerous dark web sites during a single year of ransomware outbreaks is between 100 and 200 gigabytes.

Sign up for the Fast Forward newsletter to receive the latest news on everything from self-driving cars and artificial intelligence to newly launched enterprises and altered cities.
that email

Type in your email.

SUBMIT

By registering, you consent to our User Agreement, which includes the arbitration and class action waiver clauses, as well as our Privacy Policy & Cookie Statement. You also consent to receive communications from WIRED about marketing and your account. You are always free to unsubscribe.

According to Thomas Rid, a professor of strategic studies at Johns Hopkins University who wrote extensively about hack-and-leak operations in his book Active Measures, the ethics of searching through that deluge of leaked data for information of public interest is dependent on more than just whether the data was leaked by an insider or stolen by a hacker, or even the intentions of whoever might have stolen it. It would be significantly different from WikiLeaks’ widely criticized decision to release previously unpublished emails taken from the Democratic National Committee by Russia’s military intelligence agency in 2016 if the data had actually been made public by hackers prior to DDoSecrets obtaining it.

In an auto repair shop, the most popular car technicians’ tools are hung on a blue wall.
HIGH-TECH CARS: The Death of the Auto Repair Shop

MARCIAN AARIAN

smartphone Samsung Galaxy Note 20 Ultra lying on a white table against an orange background.
DAVID NIELD’s GEAR 19 Android Settings You May Not Know

The 12 Best Electric Bikes for All Types of Riding

DARRENNE SO

a person reading a book while curled up with a grey blanket on a grey couch
The 15 Books You Must Read This Fall, According to CULTURE WIRED’s Picks WIRED STAFF

ADVERTISEMENT DDoSecrets

But Rid points out that DDoSecrets’ decision to keep the data forever is more morally dubious because, in many situations, the material may only be accessible on a dark web site for a little period of time. When you are the sole source, Rid explains, “you are essentially the publisher at that point.” “These ethical edge scenarios must be acknowledged by Emma and their colleagues. They cannot simply act as though they are not in uncharted territory.”

Best claims that ignoring the existence of ransomware data merely permits hackers to take advantage of it, leaving its value as a source of newsworthy muckraking or other benefits to the general public. Terabytes of data are “inundating the dark web and being utilised almost exclusively by hackers and the kind of people security experts and commentators love to wring their hands over,” says Best. “But they’re virtually wholly unavailable to the public and to journalists.” Our main objective has always been to help and inform the people.

Continue Reading

Press Release

Paymentus to Acquire Payveris in $152.2 Million Deal

Published

on

By

cloudbased Paymentus payveris crowdfundinsider

A legally binding agreement has been struck by Paymentus, a provider cloudbased paymentus payveris crowdfundinsider cloud-based bill payment technology, to acquire Payveris, which also offers cloud-based bill payment services. $152.2 million is the purchase price, with roughly 56 percent being paid in cash and 44 percent being paid in Paymentus Class A common stock.

With real-time capabilities, improved electronic bill presentation, and more payment alternatives for banks, credit unions, and financial institutions of all sizes, the combination is anticipated to increase the addressable market opportunity for Paymentus’ current offerings.

The president and CEO of Paymentus, Dushyant Sharma, said, “We started our connection with Payveris as a multifaceted partnership and it immediately became evident that their technology and team are best-in-class and would be immensely additive to our platform and goal. “This purchase helps us give additional value to our billers, strategic partners, and financial institutions while also accelerating our potential to disrupt the old bill pay paradigm. We are eager for the Payveris team to join Paymentus’ rapidly expanding team.

Once the agreements are fulfilled, Paymentus will provide Payveris‘ bank and credit union clients access to the Instant Payment Network as well as its omni-channel bill presentation and payment platform to Payveris clients who service loans in order to modernize their loan payment operations. The Paymentus platform can be made available to business and commercial clients of Payveris’ bank and credit union clients so that they can present and pay bills.

The acquisition should benefit Payment us clients since their consumers will soon be able to view bills and make real-time payments at the more than 265 banks and credit unions that Payveris supports. By enabling better control, quicker payments, and greater transparency when paying bills and moving money from any account to any end point, the combination of Paymentus and Payveris will simplify money management for consumers.

“Paymentus is the ideal place for Payveris to live. A real-time payment network connecting customer accounts at their financial institutions and their billers is created when the companies’ highly complementary technologies are joined, according to Ron Bergamesca, CEO of Payveris. “This network will serve as the cornerstone for providing financial institutions with quick innovation in digital payments.”

Continue Reading

Trending

Copyright © 2021 fabulaes.com. Developed by Imran Javed Awan