Knowledge Factor, Inc. (“Amplifire“), a Boulder, CO-based adaptive eLearning and content creation platform leveraging brain science, received a strategic investment from Polaris Growth Fund.
The amount of the deal was not disclosed. In conjunction with the funding, Bryce Youngren, managing partner at PGF, will join the Board of Directors, along with Mark Jacobson, vice president at PGF. Several customers have also participated in the transaction. Chief Executive Officer Bob Burgin and the existing management team will continue to lead Amplifire.
Founded in 2000, Amplifire is a global learning company dedicated to training professionals using the latest in cognitive science. The eLearning platform helps customers make learning stick, eliminate mistakes, and change behavior that results in enhanced performance and prosperity. Healthcare, education, and Fortune 500 companies use Amplifire’s patented learning algorithms, knowledge analytics, and diagnostic capabilities to drive improved outcomes that lead to a return on their investment in knowledge. Its content creation and performance management technology platform has facilitated more than 3 billion learner interactions and has rapidly become the industry standard in high-stakes workforce training, enabling individuals to learn faster, retain knowledge longer, and perform better. The platform uses advances in cognitive and learning science to assess learner knowledge, create a personalized learning pathway, identify and remediate confidently held misinformation — instances where a learner is certain that they are correct but are wrong — and drive successful outcomes.
FinSMEs
31/07/2022