<div>
  <ul>
    <li>
      <p>
        headversity, a workplace training platform focused on mental health and resilience, raised USD 10 million in a Series A funding round led by Level Equity, with participation from Westcap Management and Birchcliff Partners. This brings its total funding to USD 12.7 million.&nbsp;
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The funds will be used to expand its product offering and hire across design, software development, and customer acquisition teams.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        headversity also reported revenue growth of 8x over the past 2 years. It serves more than 500,000 employees across 22 countries; customers include Shell, First Group America, LNG Canada, and OMERS.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/headversity-completes-10m-funding-round-to-upskill-mental-health--safety-301454202.html">
      Press release&nbsp;
    </a>
  </p>
  <p>
    <a href="https://startupsavant.com/news/headversity-mental-health-tech">
      Startup Savant 
    </a>
  </p>
</div>


EdTech: Corporate Learning

headversity raises USD 10 million in Series A funding

<div>
 <p>Digital Adoption Solutions provider, Whatfix, originating from India, achieved a funding input of USD 100 million in a Series E (primary + secondary) investment round. The investment was headed by Sweet Nectar Investments, a Warburg Pincus entity, and SoftBank, leading to a company worth ranging from USD 820 million to USD 830 million.</p>
 <p>The firm intends to use the capital raised primarily for business enlargement and development. It has been three years since the company’s last capital raise.</p>
 <p>In the deal, there were 13,201 Series E compulsory convertible preference shares issued. As a consequence of the allocation, SoftBank’s stake in the company grew to 15.51%, while Warburg Pincus' Sweet Nectar Investments ended up with an 8.94% interest.</p>
</div>

Whatfix raises USD 100 million in Series E funding to expand business

<div>
 <p>The AI-enabled enterprise learning platform, Uplimit, has recently acquired USD 11 million in a Series A funding round. The round was led by Salesforce Ventures and saw participation from existing investors including GSV Ventures, Greylock Partners, and Cowboy Ventures. New investors including Translink Capital, Workday Ventures, and Conviction also contributed.</p>
 <p>Uplimit plans to utilize these funds to improve its corporate and customer education services and advance its AI functionalities. This will involve the development of features such as cohort management, swift aggregation and incorporation of course feedback, interactive practice and assessment modules, and AI-aided course creation tools.</p>
 
</div>

Uplimit raises USD 11 million in Series A funding to improve its quality in teaching and learning

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Skillsoft, a firm specializing in employee learning and development solutions, has joined hands with Microsoft to launch a new GenAI skilling program. The objective of this program is to improve the use of Microsoft AI and AI technology in organizations.</p>
 <p>This partnership is centered on a detailed skills plan developed on Skillsoft's AI Skill Accelerator. The plan incorporates training methodologies making use of Microsoft's Azure Open AI. The primary goal is to provide businesses and their workforce with the necessary skills to handle AI technologies, which will eventually lead to increased productivity and innovation.</p>
 <p>The initial phase of the program has received positive feedback, with attendees indicating immediate application of the skills obtained. It's anticipated that the program will elevate the AI maturity and adoption levels in companies within a three-month period.</p>
 
</div>

Skillsoft collaborates with Microsoft to develop GenAI skilling program

<div>
 
 <p>EdTech platform, upGrad, has secured INR 2.88 billion (~USD 34 million) in funding from EvolutionX, a debt financing platform. This funding was acquired through the issuance of 2,875,000 debentures priced at INR 1,000 (~USD 12) each.</p>
 <p>The raised capital will be used by the company in its development, to cover operating expenses, and for general corporate purposes.</p>
 
</div>

upGrad raises USD 35 million in debt from EvolutionX for general development purposes

<div>
 <p>Learn to Win, a company specializing in enterprise training software, procured USD 30 million in a series A financing round. The round was principally led by the Westly Group, with contributions from Norwest Venture Partners and Pear VC.</p>
 <p>The firm plans to use the investment to fast-track its growth, improve product development, and consolidate its position in the defense sector. Some of the funds will be allocated to expand its commercial business.</p>
 
</div>

Learn to Win raises USD 30 million to propel growth and expand defense sector presence

<div>
 <p>UK-based Multiverse, an online apprenticeship matching program, has acquired Searchlight, a provider of AI-powered recruitment and assessment solutions. The move is part of Multiverse's plan to develop new AI products to improve its professional training offerings, by identifying specific skill sets companies need, creating tailored learning solutions, and aiding businesses and individuals in developing necessary professional skills.</p>
 <p>Searchlight offers AI-driven recruitment and assessment tools to help businesses simplify hiring processes. Its platform features a People Science Engine which improves hiring quality by analyzing candidate references and self-assessment information in correlation with post-hire outcomes. Searchlight's talent intelligence system also incorporations worker outcome data, like job performance and sense of belonging, into recruitment procedures. Companies like Udemy, Zapier, and Talkdesk use the system.&nbsp;</p>
</div>

Multiverse acquires Searchlight to enhance professional training services with AI

<div>
 <p>EdTech startup Modal has raised USD 25 million in a Series A funding round. The main backers were Left Lane Capital and Ensemble VC, with supplementary funding provided by Signalfire and Learn Capital.</p>
 <p>Modal will use the raised amount to enhance its learning platform, broaden its sales and marketing measures, and bring more skilled professionals onboard.</p>
 <p>Modal assists companies in refining their workforce's skills, with emphasis on technical and AI areas. By employing a success-driven pricing pattern, Modal's training platform leverages bespoke coaching and replicates projects for effective learning. With this approach, companies shell out only for the skills their employees acquire, and it has proven highly successful with course completion rates exceeding 80%.</p> 

</div>

Modal raises USD 25 million to enhance platform, boost sales, and recruit talent

ANALYST_QUICK_TAKE

<div>
 <p>Learning and talent experience firm, Cornerstone OnDemand has bought XR training platform Talespin. The companies have not revealed the acquisition price. With this purchase, Cornerstone can broaden its content subscription, curation, and creation inventory. Presently, Talespin’s educational content is accessible through Cornerstone’s Content Subscriptions platform, and can be incorporated into clients' learning solutions.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The XR sector has recorded three additional acquisitions in the quarter so far, including 1) <a href="https:<br>
//sp-edge.com/updates/26912"> VoxelSensors </a> ' acquisition of EyeWay’s IP portfolio to bolster eye-tracking capabilities, 2) the <a href="https:<br>
//sp-edge.com/updates/26695"> National Board of Medical Examiner </a> ’s acquisition of MedVR education to advance medical skills, and 3) <a href="https:<br>
//sp-edge.com/updates/26152"> CREEK &amp; River </a> ’s acquisition of Shiftall to gain exposure to the XR hardware market.</p>

Cornerstone OnDemand acquires enterprise XR training platform Talespin to diversify service offerings

<div>
 <p>Global technology company Accenture has acquired Udacity, an EdTech company. This acquisition is part of Accenture's goal to launch "LearnVantage", an initiative aimed at providing employee training services in technology, data, and AI skills to its clients. Motivations and financial details surrounding the deal remain undisclosed.</p>
 <p>Post-acquisition, Accenture intends to incorporate Udacity's content, professional services, and learning technology into its own. All Udacity employees are set to join Accenture LearnVantage. The strategy going forward also involves collaboration with partners within the technology ecosystem to present GenAI content, specific industry technology training, and cloud certifications. A USD 1 billion investment in LearnVantage is planned by Accenture over the coming three years.</p>
 <p>Udacity, as an EdTech company, provides courses and nano-degree programs in areas including AI, machine learning, robotics, data science, and cloud computing. Its influence spans globally, having reached over 21 million learners worldwide with its sizable pool of 1,400-plus specialists and exclusive content library.</p>
</div>

Accenture acquires Udacity to launch 'LearnVantage,' an employee training platform

<div>
 
 <p>Transfr has introduced a Unity-based low-code design tool called the Transfr SDK for creating interactive XR training simulations on its platform. Initially launched in a closed beta, the SDK aims to enhance content development for thousands of US students. The tool enables developers and designers to contribute to XR education via interactive templates and a standardised UI/UX. The SDK is designed to be lightweight, scalable, and incorporate best practices like a coach system for a standardised, efficient development workflow.</p>
 
</div>

All Updates

headversity raises USD 10 million in Series A funding

Whatfix raises USD 100 million in Series E funding to expand business

Uplimit raises USD 11 million in Series A funding to improve its quality in teaching and learning

Skillsoft collaborates with Microsoft to develop GenAI skilling program

upGrad raises USD 35 million in debt from EvolutionX for general development purposes

Learn to Win raises USD 30 million to propel growth and expand defense sector presence

Multiverse acquires Searchlight to enhance professional training services with AI

Modal raises USD 25 million to enhance platform, boost sales, and recruit talent

Cornerstone OnDemand acquires enterprise XR training platform Talespin to diversify service offerings

Accenture acquires Udacity to launch 'LearnVantage,' an employee training platform

Transfr unveils Transfr SDK to improve education through XR training simulations

EdTech: Corporate Learning

headversity raises USD 10 million in Series A funding

Contact us