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Carnegie Learning Recognized as Global Innovator on 2023 GSV 150 List

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Press release content from Business Wire. The AP news staff was not involved in its creation.
January 11, 2023 GMT
Barry Malkin, CEO of Carnegie Learning (Photo: Business Wire)
Barry Malkin, CEO of Carnegie Learning (Photo: Business Wire)

PITTSBURGH--(BUSINESS WIRE)--Jan 11, 2023--

Carnegie Learning, a leader in artificial intelligence for K-12 education and formative assessment, announced today it has been selected for the GSV (Global Silicon Valley) 150, a list of the world’s most transformative private companies in education.

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Barry Malkin, CEO of Carnegie Learning (Photo: Business Wire)

Carnegie Learning was chosen from over 4,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together, these 150 companies reach roughly 3 billion people— almost half of the global population —and generate approximately $25 billion in revenue.

“It’s an honor to be recognized among such a distinguished list of companies,” says Carnegie Learning CEO Barry Malkin. “Innovation is at the heart of everything we do—from our products to our culture to our people. Not only do we embrace change, we create it. Our commitment to research, more than any other edtech company, and to producing world-class content and technology puts us in a unique position to really make a meaningful impact on education.”

“We are excited to release the annual GSV 150, a selection of the leading private companies in digital learning and workforce skilling,” said Alexandra Argo, an investor at GSV Ventures. “As we enter into what we call a ‘Brave New World,’ it is clear that you can’t use an old map to navigate a new world. This impressive group of companies continues to grow and evolve to meet the needs of learners and businesses at scale. After evaluating over 4,000 companies globally, we are proud to present the list of the 150 most impactful companies in digital learning that are leading the charge in providing ALL people equal access to the future.”

All 150 companies on this year’s GSV 150 underwent rigorous assessment and met the following criteria:

  • VC or PE-backed companies in digital learning and workforce skills, excluding public and nonprofit companies
  • Companies that have achieved meaningful scale, and primarily, but not exclusively, those that are post-Series A in their development
  • Companies experiencing solid, organic top-line growth

The final selection is determined by GSV’s proprietary scoring system, which applies scores across several KPIs, such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.

The GSV 150 is distributed across Pre-K to Gray, covering early childhood, K-12, higher education, adult consumer learning, and workforce learning. Of these companies, 33% focus on lifelong learning (which includes adult consumer learning and workforce learning), 32% focus on early childhood and K-12 education, and 5% focus solely on higher education. More and more companies are extending their reach across the lifetime learning cycle, with 30% of the 150 expanding across multiple categories from Pre-K to Gray.

North America—primarily the United States—is the most represented region, accounting for 60% of the GSV 150. India is also a significant contributor to the list, with 14% of the companies coming from that market, which has continued to experience rapid growth. Europe and Latin America each account for 11% and 7% of the GSV 150, respectively. The remaining 8% of companies are dispersed throughout MENA, Africa, Asia, Australia, and New Zealand.

See the complete GSV 150 list at www.asugsvsummit.com/edtech-150.

About Carnegie Learning, Inc.

Carnegie Learning is a leading provider of K-12 education technology, curriculum, and professional learning solutions. With the highest-quality offerings for K-12 math, literacy, world languages, professional learning, high-dosage tutoring, and more, Carnegie Learning is changing the way we think about learning and creating powerful results for teachers and students alike. Born from more than 30 years of learning science research at Carnegie Mellon University, the company has become a nationally recognized leader for its ability to harness the power of data to improve student performance. The company’s 700+ employees across the US and Canada—the majority of whom are former teachers—are passionate about partnering with educators in the implementation of effective, student-centered instructional strategies and supporting them in the classroom. For more information, visit carnegielearning.com and follow us on LinkedIn, Twitter, and Instagram.

About ASU+GSV Summit

The ASU+GSV Summit is the premier global event focused on technology innovation in education and skills. We believe that ALL people deserve equal access to the future. Started in 2010 with a collaboration between Arizona State University (ASU) and Global Silicon Valley (GSV), the annual Summit connects leading minds focused on transforming society and business around learning and work. Educators, investors, industry leaders, and entrepreneurs from around the world come together to innovate the future of education for all. Hosted in San Diego, over 5,300 people attended in April 2022. Speakers from previous years include President Barack Obama, President George W. Bush, Former Secretary of State Condoleezza Rice, John Legend, Common, Marian Wright Edelman, Bill Gates, Sandra Day O’Connor, Reed Hastings, President Vicente Fox, Malcolm Gladwell, Gloria Steinem, Tony Blair, and Howard Schultz.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230111005749/en/

CONTACT: Eden Bloss

Carnegie Learning

336-706-1372

ebloss@carnegielearning.com

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PRESCHOOL SOFTWARE OTHER EDUCATION ARTIFICIAL INTELLIGENCE TECHNOLOGY PRIMARY/SECONDARY EDUCATION TRAINING

SOURCE: Carnegie Learning

Copyright Business Wire 2023.

PUB: 01/11/2023 12:06 PM/DISC: 01/11/2023 12:06 PM

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