🤖 Higher Education Summits + Annual AI in Education Survey

Happy Monday 👋

Join us in 🇫🇷 Paris for this year's Future of Higher Education and Workforce Summit, June 27 and connect with Higher Education Leaders from across Europe and around the world. NEOMA Business School is our hosting partner this year, and we'll connect at the school's Paris campus located in the dynamic Butte-aux-Cailles district.

We're also opening registrations for our flagship 'Back to School Summit' in New York, September 10-11. This year, we're bringing over 500 global education leaders together for three incredible tracks, including 🎓 Higher Education and Workforce, 🌐 Foundation and Philanthropy, and 🖥️ Technology and Finance.

The 2024 'Back to School' Summit will also host the most prestigious and well-funded competition of its kind, the Milken-Penn GSE Education Business Plan Competition. Celebrating and nurturing purpose-driven ventures that seek to address systemic inequities in education through innovation. Since 2010, it has awarded more than $2 million in cash prizes.

This Week's Topics

🧠 Annual AI in Education Survey. Exploring the potential impact of AI technologies across education sectors globally
📊 Chart Spotlight. 50% of EdTechs have adopted analytics AI
🔁 Catch up on 5 Key Trends Impacting Higher Education. Micro-credentials, AI, international ed, partnerships and more
🏆 Global EdTech 1000. The most promising EdTech startups worldwide
📖 Annual Education Outlook. 180+ pages of trends, insights, and data
💰 Education Deals of the Week. Funding, M&A and grants

Don't forget to check out the 2024 Global Education Outlook and sign up for our new Daily Newsletters, Chart of the Day and Impact Capital Markets. For unlimited access to over one million charts, request a demo.

🧠 Participate in HolonIQ's Annual AI in Education Survey

Join us for HolonIQ's 6th Annual Artificial Intelligence in Education Survey.

HolonIQ's ongoing research into AI in Education explores the potential impact of AI technologies across education sectors globally, including expectations and approaches to adopting AI, application and value creation, organizational barriers, and capability development. Each year, our research update captures education industry attitudes and shifts in perspectives as institutions and organizations consider the role of AI in digital adoption and transformation progress.

📊 Charts Spotlight - 50% of EdTechs Have Adopted Analytics AI

Subscribe to HolonIQ's 'Chart of the Day,' a daily newsletter that helps explain the global impact economy, from climate tech to education and healthcare. 

AI has made rapid progress within education in recent years as it aims to develop new teaching and learning solutions to improve education quality and efficiency. AI in education is expected to provide multiple benefits, including automating administrative tasks and processes and enabling personalized learning at scale. Organizations are picking up the pace in their planning and adoption of AI.

A survey on EdTech AI adoption shows diverse patterns in vision, voice, language, and analytics. Almost 50% of EdTechs have integrated or tested Analytics AI, with 35% planning to adopt this, highlighting the demand for data-driven insights. Language AI is the next most popular type, with 43% of EdTechs integrating or testing it.

🔁 Catch up on the 5 Key Trends Impacting Higher Education

Engage with the latest data, case studies, and issues shaping higher education in 2024 and beyond via our recent Higher Education Webinar Series. From mapping the emerging alternate universe of credentials to exploring the evolving partnership landscape and the outlook for international education, the series looks at various trends in higher education.

🏆 Global EdTech 1000

Each year, HolonIQ identifies the 1000 most promising EdTech startups globally. Region by region, we build a picture of each market, showcasing how technology is used in education, from PreK to Lifelong Upskilling. Drawing on the HolonIQ Platform, along with perspectives from market experts in each region, analysts from our Education Intelligence Unit consider which segments are in demand, where capital is flowing, the products and models gaining traction, and the characteristics of the leadership team.

The 2023 Global EdTech 1000 shows growth in the broad category of ‘education management,’ which captures EdTech startups supporting the digitization of processes at education institutions and companies, from analytics to LMSs and parent communication apps, indicative of the long-term move to build digital infrastructure in traditional education settings.

The STEAM category emerges as the second largest globally. Yet, its prevalence varies notably across regions, ranging from one in five in Africa and the Nordics to 7% in North America. STEAM cuts across K12 to Workforce, including upskilling in tech boot camps and building core concepts in early learning.

📖 2024 Global Education Outlook

HolonIQ's annual analysis of the global education economy offers over 180 pages of in-depth insights on market data, investments, strategic shifts, and trends in education. Download the extract or purchase the full report.

💰 Education Deals of the Week

HolonIQ actively monitors and tracks funding flows in the education market, spanning across all regions and transaction categories. Subscribe to our Daily Capital Markets newsletter to catch the top deals each day.

Funding

🧑‍💻 Modal, a US-based skills development platform, raised $25 million to grow its team to support rising demand and expand Modal’s offering to organizations worldwide.

💼 Home From College, a US-based provider of a career platform for young professionals and college students looking for their first job or internship, raised $5.4 million in funding.

📱 HAD, a Saudi-based educational technology platform, raised $5 million to establish a dedicated business studio focused on developing new educational technology ventures.

🧱 Aviotron Aerospace, an Indian EdTech startup that partners with schools to offer experiential learning to students, has raised $600,000 in a Pre-Series A round.

M&A

📚 OCLC has acquired cloudLibrary, a platform that provides access to diverse digital content through libraries. This acquisition will help OCLC assist public libraries with effectively managing rapid transitions to digital collections.

🤓 Axcel Learning, a professional education company based in the US, has acquired KMK Optometry, a provider of optometry board exam preparation and coaching services. This acquisition marks Axcel's expansion into the healthcare education sector.

📒 IXL Learning, a developer of personalized learning products, has acquired Dictionary.com and Thesaurus.com. These acquisitions enhance IXL Learning's portfolio of language and literacy products.

University Grants

🇺🇸 The City University of New York system has received a $5 million grant from the Andrew W. Mellon Foundation to establish New York’s first graduate degree program in Black, Race, and Ethnic Studies.

🇺🇸 Heterodox Academy, a non-profit membership organization advocating for diverse higher education, received $5 million from the Mike and Sofia Segal Foundation.

🇺🇸 The University of Houston has received a $3 million anonymous donation to support the Houston Works Scholarship Fund, benefiting working junior and senior students with scholarship aid.

🇺🇸 University of Hawaiʻi at Mānoa received $1.25 million from the Andrew W. Mellon Foundation to advance the study of Asian American and Pacific Islander environmental humanities and justice.

🇺🇸 St. Cloud State University has been awarded a $205,000 grant from the Minnesota Job Skills Partnership fund to train team leaders in transferable industry skills

🇬🇧 Solent University has secured a grant from the Office for Students (OfS) to introduce a Level 6 degree apprenticeship in Chartered Management. This funding is part of OfS’s $17.8 million initiative announced on March 21 to support degree apprenticeships across England.

Thank you for reading. Have a great week ahead!
Have some feedback or want to sponsor this newsletter? Let us know at hello@holoniq.com