e-Literate

Present is Prologue

Tag: $40 million

  • First View of Bridge: The new corporate LMS from Instructure

    Last week I covered the announcement from Instructure that they had raised another $40 million in venture funding and were expanding into the corporate learning market. Today I was able to see a demo of their new corporate LMS, Bridge. While Instructure has very deliberately designed a separate product from Canvas, their education-focused LMS, you can see the same philosophy of market strategy and product design embedded in the new system. In a nutshell, Bridge is designed to a simple, intuitive platform that moves control of the learning design away from central HR or IT control and closer to the end user.

    While our primary focus at e-Literate is on higher ed and even some K-12 learning, the development of professional development and corporate training markets are becoming more important even in the higher ed context. At the least, this is important for those who are tracking Instructure and how their company plans might affect the future of education platforms.

    The core message of Instructure regarding Bridge – just as with Canvas – is that it is focused on ease-of-use whereas the entrenched competition has fallen prey to feature bloat based on the edge cases. Despite this claim and despite Instructure’s track record with Canvas, what does this mean? I’m pretty sure every vendor out there claims ease-of-use whether or not there are elegant or terrible designs ((Although I would love to see the honest ad: “With a horrible, bloated user interface based on your 300-item RFP checklist!”)).

    Based on the demo, Bridge appears to define ease-of-use in three distinct areas – streamlined, clutter-free interface for learners, simple tools for content creation by business units, and simple tools for managing learners and content. (more…)

  • What TechCrunch Got Wrong (and Right) About Instructure Entering Corporate Learning Market

    After yesterday’s “sources say” report from TechCrunch about Instructure – maker of the Canvas LMS – raising a new round of financing and entering the corporate LMS space, Instructure changed plans and made their official announcement to today. The funding is to both expand the Canvas team and to establish the new corporate LMS team. I’m not a fan of media attempts to get a scoop based purely on rumors, and in this case TechCrunch got a few items wrong that are worth correcting.

    • Instructure raised $40 million in new financing (series E), not “between $50 to $70 million”. TechCrunch did hedge their bets with “low end of the range at over $40 million”.
    • The primary competition in the corporate LMS space is Saba, SumTotal, Skillsoft, Cornerstone – and not Blackboard.
    • The Canvas LMS was launched in 2010, not 2011. (OK, I’ll give them this one, as even Instructure seems to use the 2011 date).

    TechCrunch did get the overall story of fund-raising and new corporate product right, but these details matter.

    Instructure’s new product for the corporate learning market is called Bridge, with its web site here. This is an entirely new product, although it does share a similar product architecture as Canvas, the LMS designed for the education market (including being based on Ruby on Rails). Unlike Canvas, Bridge was designed mobile-first, with all mobile capabilities embedded in the product and not as separate applications. In an interview with Josh Coates, CEO of Instructure, he described their motivation for this new product.

    We like the idea of building software that helps people get smarter. Post education there is a void, with bad corporate software.

    (more…)