"Gooood moooorniiiing teaachhheerrrr."
A major test for the company.
Instructure CEO Josh Coates confirmed to BuzzFeed News that the company raised $40 million today. It will use the cash to expand into the corporate market.
Jay Bhatt is on a simple mission: Convince students and faculty that his company's product is getting better. With younger, sharper competitors nipping at his heels, he needs to do it quickly.
"Goldfish don't bounce."
Because of the way education markets function, scaling and growth are daunting tasks, and many startups get bought up by the old guard of education before they become a competitive threat.