Announcing Quizlet’s Series B Funding Round
After billions of study sessions and more than 200 million user-generated study sets over the past 11 years, we know this: students of all ages want creative, collaborative and innovative tools that keep them engaged and mastering subjects. With this in mind, we’ve been hard at work over the past 2 years, launching Quizlet Live, Quizlet Learn, and Quizlet Diagrams, just to name a few of our larger initiatives.
Today I’m thrilled to announce that Quizlet has raised a $20 million Series B to help us continue to build study tools like Live, Learn and Diagrams that make students more effective and efficient at practicing what they’re learning. This funding, which was led by Icon Ventures with participation from our existing investors at Union Square Ventures, Costanoa Ventures, Owl Ventures and Altos Ventures, will allow us to expand our engineering team so we can continue innovating as well as make additional data science, artificial intelligence and technology investments.
What type of investments? To start, one big area we’ve recently focused on is bringing machine learning and artificial intelligence to Quizlet with our Learning Assistant Platform, which powers Quizlet Learn. The Learning Assistant Platform uses machine learning to process data from billions of anonymous study sessions and then combines that with proven techniques from cognitive science to more effectively help students learn. I see this platform as the beginning of our efforts in this space and know we can do more to build what will ultimately be an artificial-intelligence powered tutor that will help any anyone learn anything.
This funding will also help Quizlet with another big area of growth — bringing our suite of study games and activities to students all around the globe. We’ve already localized Quizlet into 18 languages to make it possible for 90% of people to access Quizlet in a language they speak; now, we’re growing our team outside of our San Francisco headquarters to help us bring Quizlet to as many global learners as possible.
We have an amazing, diverse and talented team at Quizlet, but we’ll need even more great data scientists, engineers, product managers, designers, marketers and business people to achieve our bold objectives for the future. We plan to expand our team significantly in 2018 and beyond. If you’re interested in helping people everywhere practice and master what they’re learning, take a look at the Quizlet jobs page.
Finally, to the over 30M students, teachers, neurosurgeons, language-learners, electricians, lawyers, firefighters, coaches, baristas and countless more, thank you for being part of Quizlet. We’ve got amazing plans for the future and I couldn’t be more excited about what we’ve accomplished so far, and what I know we’ll do in the future.