Fast Company Names Knewton One of World's 50 Most Innovative Companies Knewton recognized for its powerful Adaptive Learning Platform™ and potential to revolutionize education
NEW YORK, Feb. 14, 2012 /PRNewswire/ -- Today, adaptive learning pioneer Knewton announced that it has been selected as number 47 on Fast Company's list of the world's 50 Most Innovative Companies. Knewton joins familiar names like Apple, Facebook, Google, and Amazon on the Fast Company list.
Knewton is at the forefront of the charge to digitize and personalize the world's educational content. "We want to harness technology to revolutionize education, change the way that students learn, and ultimately, improve lives," said Jose Ferreira, Founder and CEO of Knewton. "Education drives virtually every global problem that human beings face. If we can fix education, then we will profoundly ameliorate the other problems, too."
The award-winning Knewton Adaptive Learning Platform™ uses proprietary algorithms to deliver a personalized learning experience for each student, each day. The platform dynamically remixes any educational materials to match each student's strengths, weaknesses, and unique learning style. Taking into account both personal proficiencies and course requirements, the platform continuously tailors learning materials to each student's exact needs, delivering the most relevant content in the most efficient and effective form.
Knewton has partnered with some of the largest education institutions in the US, including Arizona State University, The University of Nevada Las Vegas, Penn State University, Mount St. Mary's University, and Washington State University.
In the fall of 2011, Knewton raised a $33 million dollar round of funding, led by Founders Fund and Pearson, and announced a partnership with Pearson to power their existing digital products and create the next wave of personalized digital education products. Knewton was also a leading voice on educational technology and reform issues at the 2012 World Economic Forum in Davos, after being honored as a Technology Pioneer last year.
Founded in 2008, Knewton is growing rapidly and always welcomes the best and brightest to join the mission of harnessing technology to revolutionize education.
Knewton has developed the world's first Adaptive Learning Platform™, which customizes educational content to create a uniquely personalized learning experience for every student. Knewton's patent-pending algorithms currently power its Math Readiness for College™ and test prep courses, and Knewton is continuing to partner with universities, publishers, and other educational organizations to make personalized learning available to everyone worldwide. Knewton was founded in 2008 by Jose Ferreira, a former executive at Kaplan, with Series A, B, C, and D funding from Founders Fund, Pearson, FirstMark Capital, Bessemer Venture Partners, Accel Partners, First Round Capital, and prominent angel investors. For more information, visit www.knewton.com.