Despite all the media hype on MOOCs over the past two years, perhaps the most important recent market entry for ed tech has been Canvas, the LMS from Instructure. Instructure was founded in 2008 by Brian Whitmer and Devlin Daley. At the time Brian and Devlin were graduate students at BYU who had just taken a class taught by Josh Coates, where their assignment was to come up with a product and business model to address a specific challenge. Brian and Devlin chose the LMS market based on the poor designs and older architectures dominating the market. This design led to the founding of Instructure, with Josh eventually providing seed funding and becoming CEO by 2010.
Michael covered the burst of news in January 2011 that served as the launch of Canvas.
Instructure has just announced that they will be releasing an open source version of their Canvas LMS product. Between this announcement, the winning of the Utah Education Network contract (109,000 college students and 40,000 K12 students), and the oh-so-ever-brief lawsuit by Desire2Learn about that win, Instructure has been making quite a splash lately.
Since that time Instructure has grown to 7M+ users, 500 customers and 240 employees while raising $50M in total VC funding. With that much early success, it was a surprise to see Devlin Daley leave the company as of last week with his Douglas Adams reference. (more…)


