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Kahoot acquires Clever for up to $500M

Oslo-based Kahoot, a game-based online learning platform, announced that it acquired U.S. education portal Clever in a deal reportedly valued at up to $500 million.

Currently, more than half of all K-12 students in the U.S. log in to Clever to access digital resources, the company says. Clever says it sees opportunity through the Kahoot acquisition to expand its offerings internationally, as the latter reaches 200 countries with its content.

Founded in 2012, Kahoot previously raised $364 million in known funding, while Clever raised about $43 million, per Crunchbase data.

—  Joanna Glasner

Funding rounds

Shift Technology secures $220M for insurance SaaS: Paris-based Shift Technology, a provider of AI-enabled automation and optimization software for the global insurance industry, announced that it raised $220 million in a Series D financing led by Advent International at a valuation of more than $1 billion.

Oculii picks up $55M for AI-powered radar: Dayton, Ohio-based Oculii, a provider of AI-enabled software for radar perception, announced that it raised $55 million in a Series B funding round co-led by Catapult Ventures and Conductive Ventures.

— Joanna Glasner

Illustration: Dom Guzman