Knowledge Delivery Systems receives $6 million in funding
Knowledge Delivery Systems (KDS) has raised $6 million in a fourth round of funding. KDS is an online educational provider that wants to improve urban school districts by offering cloud based software. The cloud based software is deployed in Philadelphia, Chicago, and New Mexico. DSK offers teachers a way to work remotely with educational coaches to improve performance and receive online certifications and degrees.
“This is a way to bring more depth and fidelity to the educational process for teachers,” said KDS CEO Alvin Crawford. Before starting KDS, Crawford founded Schoolnet.com, which was acquired by Pearson for $230 million in 2011.
Around 50 teachers at a time can go through training with coaches to improve job performance, which would benefit students. Currently, most teachers work with coaches individually in training classes that last around a week and is expensive.
KDS is based in New York City and has 50 employees. The company launched in 2001 and shifted from webinars to online education for teachers. KDS generated around $10 million in 2013 revenues. The company is expected to triple in 2014.