In October 2018, it was announced that this high-flying, rapidly growing Stanford startup had been acquired by Devonshire Investors,. NovoEd began as a student-centered online learning platform organized around placing collaboration and teamwork at the center of the online learning experience. Accomplished through the use of techniques in human-computer interaction, algorithms, and social network design, the organizing principle has been that working together as a team, technology can be used to improve student learning and make a quality education scalable and accessible to everyone. Originally a Stanford operation called Venture Lab allowed faculty to put classes online with a platform that was designed for team projects and collaboration. Due to the interest outside the University inthe concept, one of the NovoEd founders took a leave of absence from the university to launch the company with a co-founder, a Stanford Ph.D student. With the platform built over several weekends in 2012 and a rapdily growing external demand, the principals had 'no choice but to spin out. NovoEd, Inc. offers the online platform for the modern learner, enabling customers to more effectively train their employees, partners, customers, and students. The social, collaboration, and mobile capabilities of the NovoEd Learning Platform power more engaging learning experiences that are as impactful as in-person training programs, but can be deployed faster and reach entire organizations, driving business transformation. Within months, use of the system had grown to over 1.3 million users and organizations trust NovoEd, including IDEO, Stanford, Wharton, Comcast, ING Bank, Sanofi Genzyme, and Acumen.
