About EdCast
EdCast is a company based in Mountain View (United States) founded in 2013 by Karl Mehta was acquired by Cornerstone in March 2022.. EdCast has raised $128.22 million across 6 funding rounds from investors including Cornerstone, SoftBank Group and Leland Stanford Junior University. The company has 211 employees as of March 22, 2024. EdCast has completed 3 acquisitions, including Leapest, Sales University and Sociative. EdCast offers products and services including EdCast LXP, MyGuide, and Spark. EdCast operates in a competitive market with competitors including Cornerstone, Multiverse, Korn Ferry, Visier and ActiveOps, among others.
- Headquarter Mountain View, United States
- Employees 211 as on 22 Mar, 2024
- Founders Karl Mehta
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cornerstone Ondemand Enterprise India Private Limited
- Date of Incorporation 15 Oct, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$11.79 M (USD)57.02as on Mar 31, 2023
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Net Profit
$-771.66 K (USD)-344.86as on Mar 31, 2023
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EBITDA
$527.71 K (USD)208.52as on Mar 31, 2023
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Total Equity Funding
$128.22 M (USD)
in 6 rounds
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Latest Funding Round
$35 M (USD), Series D
Dec 12, 2019
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Investors
Cornerstone
& 17 more
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Employee Count
211
as on Mar 22, 2024
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Investments & Acquisitions
Leapest
& 2 more
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Acquired by
Cornerstone
(Mar 16, 2022)
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Products & Services of EdCast
EdCast offers a comprehensive portfolio of products and services, including EdCast LXP, MyGuide, and Spark. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered tool for personalized employee learning and skilling
Platform for in-app assistance and workflow automation
Mobile app providing personalized content for skill development
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Customer Team
7 people
Advisor Team
6 people
Leadership Team
6 people
Product Management Team
6 people
Sales and Marketing
5 people
Software Development Team
4 people
Project Team
3 people
Manager Team
2 people
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Funding Insights of EdCast
EdCast has successfully raised a total of $128.22M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $35 million completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $35.0M
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First Round
First Round
(21 Sep 2014)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series D - EdCast | Valuation | Avathon Capital | |
| Nov, 2019 | Amount | Series C - EdCast | Valuation |
investors |
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| Dec, 2018 | Amount | Series C - EdCast | Valuation | REV , The London Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in EdCast
EdCast has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include Cornerstone, SoftBank Group and Leland Stanford Junior University. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward technology companies.
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Founded Year | Domain | Location | |
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Early to late-stage tech investments are made globally by REV.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by EdCast
EdCast has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Leapest, Sales University and Sociative. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform connecting buyers and sellers in corporate training industry
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2016 | ||||
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Sales and in-app product training is delivered through mobile platforms.
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2011 | ||||
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Digital services are provided from Corte Madera since 2009.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - EdCast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Edcast Comparisons
Competitors of EdCast
EdCast operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cornerstone, Multiverse, Korn Ferry, Visier and ActiveOps, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform powered by AI for workforce management.
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| domain | founded_year | HQ Location |
Apprenticeships are discovered online by non-graduates through a matching platform.
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| domain | founded_year | HQ Location |
Talent acquisition and consulting services are provided globally.
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| domain | founded_year | HQ Location |
Cloud-based workforce analytics and planning software is offered.
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| domain | founded_year | HQ Location |
Operations performance management is delivered for organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Edcast
Frequently Asked Questions about EdCast
When was EdCast founded?
EdCast was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is EdCast located?
EdCast is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of EdCast?
Karl Mehta is the current CEO of EdCast. They have also founded this company.
Is EdCast a funded company?
EdCast is a funded company, having raised a total of $128.22M across 6 funding rounds to date. The company's 1st funding round was a Series C of $33.6M, raised on Sep 21, 2014.
How many employees does EdCast have?
As of Mar 22, 2024, the latest employee count at EdCast is 211.
What is the annual revenue of EdCast?
Annual revenue of EdCast is $11.79M as on Mar 31, 2023.
What does EdCast do?
EdCast was founded in 2013 in Mountain View, United States, as a provider in the edtech sector. A cloud-based AI platform is offered for corporate learning experiences, where content creation and sharing are facilitated among users, peers, and managers. Access to learning materials is enabled both online and offline. Clients such as NSE Academy and IIFL are served through these operations.
Who are the top competitors of EdCast?
EdCast's top competitors include Multiverse, Cornerstone and Korn Ferry.
What products or services does EdCast offer?
EdCast offers EdCast LXP, MyGuide, and Spark.
How many acquisitions has EdCast made?
EdCast has made 3 acquisitions, including Leapest, Sales University, and Sociative.
Who are EdCast's investors?
EdCast has 18 investors. Key investors include Cornerstone, SoftBank Group, Leland Stanford Junior University, State Street Global Advisors, and Aarin Capital.