Original title: Investment in education and technology industry is picking up. Is AI and VR the next enthusiasm for education? | See trends in data
definition
According to Wikipedia, education technology is "learning and ethical practice that promotes learning and performance by creating, using, and managing appropriate technical processes and resources." Educational Technology Integrated physical hardware and educational theory, including learning theory, computer-based training, online learning, mobile technology and other fields.
trend
Globally, in the first quarter of 2017, investment in the education technology industry has significantly recovered.
data
In the first quarter of last year, the sales revenue of educational technology startup companies fell sharply. As of 2016, the industry has experienced declining growth for four consecutive years because of the inactive trading volume and U.S. dollar investment. However, in the first three months of this year, the Educational Technology Company raised more than 130 funds and became the highest trading quarter in more than a year.
In addition, two other educational technology companies have emerged. "Age of Learning" is a company that provides online learning resources for children. In May this year, it raised $150 million in growth funds from ICONIQ Capital, when the company was valued at $1 billion. Another company is "Pluralsight", which provides online learning platforms for professional software developers. In December of last year, Pluralsight “acquired a total investment of 30 million U.S. dollars from ICONIQ Capital and Insight Venture Partners. Afterwards, Pluralsight’s value rose and the company’s valuation reached 1 billion U.S. dollars.
Annual Fluctuations Fluctuated
From 2012 to 2015, the amount of investment made by educational technology startups has increased every year. During this period, U.S. dollar investment in the same industry rose by more than 250%, and the number of transactions increased by 72%. However, the number of U.S. dollar investments and transactions declined in 2016, falling by about 32% and 18% respectively compared to 2015.
Quarterly Trading and U.S. Dollar Investment Rise Slowly
In the first quarter of 2017, the Educational Technology Startup Corporation attracted 131 funds totaling approximately US$545 million. Compared with the first five quarters, trading volume increased. However, the amount of financing in the first quarter of 2017 is still far below the fourth quarter of 2015 and the first three quarters of 2016. In the fourth quarter of 2015, the total financing of the industry peaked.
In 2012, the number of quarterly transactions of educational technology startups increased, but since then it has been volatile. The number of transactions in the first quarter of 2015 was 148, peaking, but dropped to below 130 at the end of the same year. In the first quarter of 2017, since the beginning of 2015, the education technology startups have broken through the 130th mark for the first time.
In January 2017, the Chinese company learned to gain 100 million U.S. dollars in Series C financing, which is the largest investment transaction in the first quarter of 2017. None of the other education technology companies in the last quarter could raise up to 100 million U.S. dollars. In addition, the other two companies that raised the top three in the first quarter of 2017 were Research Gate and Ednovation. Research Gate is a professional social network of scientists and researchers who raised $52.6 million in Round D financing. Ednovation is a preschool education technology company that raised $351,500 in private equity financing.
In the past five years, the education technology industry has accumulated most of its initial funding. In fact, more than 50% of all seed/angel funding has flowed into the industry every year since 2012. In general, the distribution of transaction shares is relatively stable, while other aspects have undergone drastic changes. For example, convertible notes and minority investment in companies rose from 13% in 2012 to 22% in 2016.
the reason
Investment in education technology continues to flourish
The current global education expenditure exceeds 5 trillion US dollars, which is 8 times that of the software industry and 3 times that of the media entertainment industry. Therefore, the education technology industry has great potential. At the same time, technological advancement and the continuous increase in the size of the education market have also contributed to the education's stock market premium.
——2016 Edtech Trends published by Edtech Europe, a European education technology organization
China has become a new growth point
The overall scale of China’s education industry will double within five years, from 1.6 trillion yuan in 2015 to 3 trillion yuan in 2020. With the improvement of the Internet infrastructure and the continuous increase in mobile coverage, China, with a large population, will be called the next growth point in the education technology industry.
- The latest research report released by Deloitte China's technology, media and telecommunications industry
opportunity
When we consider combining AR / VR / MR with cognitive computing and artificial intelligence (AI) technologies (such as machine learning, deep learning, natural language processing and chat rooms), this prospect is remarkable. The consumer products of these technologies will revolutionize higher education.
- Daniel Christian
The trend of using artificial intelligence in higher education will be manifold. We must prepare students to work in the AI ​​industry or work with the AI ​​industry. We will also see that universities look for ways to use artificial intelligence to streamline processes and save money.
- Powell
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