EdCast Open edX Provider Raises $33.6 Million

EdCast, a learning platform whose corporate LMS is powered with Open edX technology, announced last week that it closed an additional $33.6 million of funding.

“Investors include Softbank, REV Venture Partners, The London Fund, Crescent Enterprises,  and Mistletoe, among others, with participation from previous investors, including SSGA, Stanford University, and Cervin Ventures,” said EdCast in a press release.

This Mountain View-based educational provider also claimed that “it has surpassed two million paid users across hundreds of enterprise and public-sector customers, including HPE, Dell EMC, Schneider Electric, ANZ Bank, Jefferson Health, Mars, Anglo American, PVH, Genpact, ICICI Securities, India’s NASSCOM and the World Economic Forum.”

[In the picture above: Karl Mehta, CEO at EdCast]