EdCast, a category-defining leader in AI-powered personalized learning and knowledge management for enterprise customers, announced the close of its $35 million Series D financing round led by Avathon Capital, an investment platform headquartered in Chicago and a part of Sterling Partners. Other Series D participants included new EdCast investor National Grid Partners and existing EdCast investors, including State Street Global Advisors, REV Venture Partners and others. The company was founded by Karl Mehta in 2013.
EdCast will use these funds to continue expanding its Knowledge Cloud, Content Marketplace, and MyGuide product offerings. The company will also continue hiring talented individuals.
CEO and Founder of EdCast, Karl Mehta said, “With business changing faster than ever, organizations around the world are now facing an urgent need to empower their employees with knowledge, learning, and upskilling. EdCast’s Future of Work innovations and leadership in delivering employee experience solutions to enterprises are attracting rapidly-growing customer and partner interest. So we are thrilled to now be partnering and working with Avathon Capital, which brings three decades of expertise and connections to EdCast that will help us continue to expand.”
Managing Director and Co-Founder of Avathon, Shoshana Vernick said, “There is an urgent need to drive better alignment between learning outcomes and employment requirements. In the current environment, corporate leaders are taking the necessary steps to ensure that their talent strategies align with their business strategies.
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