PALO ALTO, Calif., April 23, 2014 – Declara, a company focused on developing technology for personal learning, today announced it has closed $16 million in Series A financing led by GSV Capital, with Data Collective, Founders Fund and Catamount Ventures joining the round. The new funding, unveiled at the annual GSV Education Innovation Summit in Scottsdale, Ariz., will be used to scale operations globally and build out the team. As part of the investment, Mark Flynn, co-managing partner of GSV Asset Management, will join the Declara board.
Declara, founded in 2012, is based on the premise that learning happens not only in schools and universities but continues for a lifetime where people need to constantly hone their skills and master new ones. The company builds a technology platform that uses semantic search, predictive analytics and machine learning to surface the right content at the right time for individuals, making learning more personalized and discovery oriented. Read more