BrightBytes Receives $33 Million Series C Led by Insight Venture Partners to Further Accelerate Growth

Funding Rounds

Summary

SAN FRANCISCO, July 21, 2015 /PRNewswire/ -- BrightBytes, an award-winning educational research and analysis organization today announced a $33 million Series C financing. Combining data analytics with sleek user-friendly design, BrightBytes Clarity platform provides fast, informative answers for administrators managing a diverse range of challenges such as technology efficacy, dropout prevention, at-risk student identification, data privacy, digital safety and leadership effectiveness. BrightBytes gathers ideas from leading global experts and creates evidence-based frameworks combined with data from a school or region, giving K-12 leaders the tools they need to understand and quickly improve their students learning outcomes. "Our partnership with Insight Venture Partners will allow us to continue our pursuit of that goal as we develop our team and widen the scope of our research and data analytics platform." "We see a large global market using data analytics to improve education, and the BrightBytes team is building a category-defining company."

$ Funding

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Amount $33.0M Total raised
Date July 21, 2015 Announcement date
Investors Bessemer Venture Partners, Insight Partners, Rethink Education, Learn Capital, BrightBytes Lead investors
Company http://www.brightbytes.net Funded company

Classifications

industries
EduTech - institutions
applications
Data Management

AskAI Classifications

Labels
Education Technology Data Analytics Software Development

Linked Companies

BrightBytes
$1M to $5M