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Verbit eyes public offering as it reaches $1 billion valuation

Verbit, a transcription technology company, will look to go public after announcing its most recent round of $157 million in funding on Tuesday, according to a news release. Headquartered in Palo Alto, California, the company is valued at $1 billion. The latest round of funding will support R&D and result in more than 200 additional hires. Emily Bamforth has the latest.

A Message From AWS Educate

With over 1,500 institutions and hundreds of thousands of students who use AWS Educate, we wanted to take you on a trip around the world and highlight how students are learning and innovating with the cloud. Learn more.

Zoom-competitor InSpace raises $6 million in seed funding

InSpace, a startup seeking to build a better breakout room experience for virtual meetings, announced $6 million in two rounds of seed funding. The company said the new funding will be used to support educators looking to create a more hybrid environment, and also involve the creation of a network for users to share resources. More than 100 universities and K-12 schools already use the software. Emily has more.

Payment provider Transact targets college students' food insecurity

The higher education payment company is “exploring” methods for colleges to use its technologies to fight food insecurity on campus, officials announced Monday. The company will explore “product and solution integration to facilitate the distribution of meal funds to students experiencing food insecurity across Transact’s client campuses,” as part of a partnership with the nonprofit Swipe Out Hunger, a news release read. Transact provides the technology behind payment solutions like mobile student ID cards, which can also be used as on-campus payment cards, and software to simplify online tuition payments. Emily has the details.

Emerging Edtech — An EdScoop Special Report

The hype around emerging technologies sometimes encourages skeptical observers to underestimate the likes of artificial intelligence, 5G infrastructure or virtual reality. This collection of editorial coverage — EdScoop’s special report on emerging edtech — is a snapshot of just what promise these technologies hold for institutions in 2021 and beyond, written for an audience of sensible skeptics interested in taking advantage of what the newest technologies might offer. Check out the report.

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