DULLES, VA – No matter how fast students take notes, they often miss important points of a professor’s lecture. Echo360, a Dulles, VA, startup that has just closed on $21.8 million in funding, sells technology that captures entire lectures and provides multiple ways for students to review them. The company added $6.8 million in new funding to close the round, which has been ongoing since 2008.
The company, which disclosed the new money in a filing with the U.S. Securities & Exchange Commission, received the funding from ten investors. Principals listed in the filing include founder and chairman Geoff Allen, CEO Fred Singer, and directors Christopher Holden of Court Square Ventures of Charlottesville, VA; Wayne Weisman of SCP Private Equity of Wayne, PA; and Steven Murray of Softbank Capital, Newton Center, MA.
We envy the mobile, on-demand access to lectures the Echo360 platform provides today’s students. It’s almost enough to make us want to go back to school and sign up for some courses.
Evolved as Anystream subsidiary
The company evolved as a subsidiary of Anystream, which sells digital media production and management software to media companies. Anystream acquired Lectopia, which sold lecture capture technology in New Zealand and Australia, in 2007. It blended Anystream’s video and IT expertise with educational lecture capture to create the Echo360 platform.
The result, it says, is a repeatable, on-demand educational experience that is easy for institutions to deploy and support while providing students exceptional playback quality and options in line with their mobile lifestyles.
Students can replay any professor’s lecture on a PC or Mac, hear or watch a podcast, and even follow closed captioning. Not only that, students can go to any part of the lecture via key word search.
The company’s customers in the Southeast include Florida Coastal School of Law; Florida Atlantic University, Barry Kaye College of Business; George Washington University; North Carolina State University; the University of North Carolina at Wilmington; and the University of North Carolina School of Medicine. Nationally, customers include M.I.T., and Notre Dame, among many others. Internationally, it has schools from London to China.
Online: www.echo360.com
TechJournal South Editor Allan Maurer: allan at techjournalsouth.com
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Related Stories:
- Echo 360 records $2.97M for online lecture rewind
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- Virginia’s Anystream acquires Lectopia, creating separate education unit
- Echo 360 captures $15M second round
- Anystream raises $7 million
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Tags: Echo360, educational technology, financing, lecture capture, video technology
