Osmo, a Palo Alto, CA-based edtech company, secured $24m in funding.
Backers included Mattel, Houghton Mifflin Harcourt, Collab+Sesame, Shea Ventures and existing investors Accel, Upfront Ventures, K9 Ventures and Silicon Valley Bank.
The company intends to use the funds for the development of products and to launch on iPhone with favorites like Words, Tangram, Newton and Numbers and new experiences customized to the iPhone.
Founded in 2013 by former Google engineers Pramod Sharma and Jerome Scholler, Osmo leverages reflective Artificial Intelligence to create playful learning experiences based on critical thinking, reading, math, coding and art for children aged five to 12.
Today, Osmo is sold in over 50 countries, and used by more than 22,000 schools globally.
FinSMEs
13/12/2016