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Acrobatiq has raised $9.8M across 1 funding round.
Key people at Acrobatiq.
Acrobatiq was founded in 2013 by William Guttman (Co-founder & Chairman).
Acrobatiq has raised $9.8M in total across 1 funding round.
Founded in 2013 by Eric Frank as a commercial spinoff of the Open Learning Initiative at Carnegie Mellon University, Acrobatiq is an education technology company based in Pittsburgh, Pennsylvania. The software business develops an adaptive learning platform and digital courseware that converts static educational content into interactive online courses equipped with data analytics dashboards and authoring tools. Prior to its acquisition, the enterprise raised over seventeen million dollars in venture funding, securing financial backing from notable investors like the Bill and Melinda Gates Foundation and Hearst Ventures. The platform uses cognitive science to personalize instruction and improve student outcomes for higher education institutions, serving early adopters like Arizona State University and the University System of Georgia. In September 2018, the business was acquired by VitalSource Technologies to integrate its adaptive learning capabilities into a broader digital portfolio.
Key people at Acrobatiq.
Acrobatiq is an education technology company that builds a data-driven adaptive learning platform and interactive courseware designed to improve student learning outcomes. Its platform enables educators to measure, analyze, and visualize student performance in real time, supporting personalized learning and instructional innovation. Acrobatiq primarily serves higher education institutions, especially large introductory college courses where personalized attention is limited, helping students stay on track and improve course completion rates. The company leverages learning science and technology to replace traditional textbooks with interactive, evidence-based digital courseware, showing strong growth with revenues projected to triple recently[1][2][3].
Acrobatiq originated as a spin-out from Carnegie Mellon University’s Open Learning Initiative (OLI), a pioneering project started in 2002 focused on creating online courses grounded in learning science research. The company was founded by educators, learning scientists, and software engineers passionate about improving education through data and technology. Its CEO, Eric Frank, leads the company in continuing OLI’s mission of evidence-based course design. Early traction came from adoption by dozens of universities and support from investors including foundations focused on education innovation[1][2][5].
Acrobatiq rides the growing trend of personalized, data-driven education technology aimed at improving student success and reducing costs in higher education. The timing is favorable due to increasing demand for scalable digital learning solutions accelerated by the shift to online and hybrid education models. Market forces such as rising tuition costs, focus on measurable outcomes, and institutional pressure to improve retention rates support Acrobatiq’s growth. By integrating learning science with AI and analytics, Acrobatiq influences the edtech ecosystem by setting standards for evidence-based, adaptive courseware that enhances both teaching and learning[1][2][6].
Looking ahead, Acrobatiq is poised to expand its impact by deepening partnerships with universities and leveraging AI to further streamline course creation and personalization. Trends such as increased adoption of AI in education, demand for lifelong learning, and emphasis on data-driven decision-making will shape its trajectory. As the company scales, it may broaden its offerings beyond higher education to other learning environments. Acrobatiq’s continued focus on measurable student outcomes and instructional innovation positions it as a key player in transforming how education is delivered and experienced. Its foundation in rigorous research and technology innovation ties back to its core mission of enabling more students to achieve their educational goals[1][2][3][6].
Acrobatiq has raised $9.8M across 1 funding round. Most recently, it raised $9.8M Series A in July 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 28, 2015 | $9.8M Series A | — | Bill & Melinda Gates Foundation, Carnegie Innovations, Draper Triangle Ventures, Hearst Ventures | Announced |
Acrobatiq was founded in 2013 by William Guttman (Co-founder & Chairman).
Acrobatiq has raised $9.8M in total across 1 funding round.
Acrobatiq's investors include Bill & Melinda Gates Foundation, Carnegie Innovations, Draper Triangle Ventures, Hearst Ventures.