We are excited about this partnership and believe that this investment will prove to be a gift that keeps on giving.
AUSTIN, Texas (PRWEB) May 14, 2018
QuickStart, an IT skills training company known for its cognitive learning platform, secured $2M in funding from Moneta Ventures, a California based investment firm and from Sattar Ventures, a Texas based investment firm.
QuickStart was reincarnated in 2017 as a carve-out from 360training. It was transformed into a cognitive learning platform and started its operations as a start-up in January 2017. Since then, the company has gained accreditations by major players in the IT industry and has carved a niche for itself by enabling multi-modal knowledge transfer through its cognitive learning platform (CLIPP).
The platform can be licensed as a subscription to provide IT skills training through online courses, virtual instructor-led classes, 1:1 mentoring on projects, social learning, cognitive learning, learning paths, simulations and labs.
This is the 3rd EdTech investment made by Moneta Ventures in recent months. “We believe that EdTech is the way of the future. With the way things are moving in the technology sector, it is becoming extremely challenging for colleges and universities to keep their curriculum current, and to equip their students with the hard skills required to survive and thrive at the workplace. EdTech has helped fill that gap, with the elearning industry looking to reach a size of $65.41 billion by 2023. Furthermore, EdTech is playing a vital role in upskilling the workforce across multiple industries at a significantly lower cost. Hence, increasing the value of education and training.” Says Aasim Hasan, Partner & Texas Leader at Moneta Ventures.
He further explained why they decided to invest in QuickStart, “We are actively seeking out investments in progressive EdTech companies. QuickStart has a promising future with their first-to-market cognitive learning platform that addresses IT training and project performance challenges that CTO and CIO’s face. We believe they have a very seasoned team with a proven track record. We are excited about this partnership and believe that this investment will prove to be a gift that keeps on giving.”
Ed Sattar, the CEO at QuickStart, expressed his excitement over this development, “I believe that this series A funding is an endorsement and validation of QuickStart’s business model and its seasoned team. We are not interested in just staying in the game, we believe that we’ve have changed the game in how IT training is consumed, delivered, retained and implemented through our cognitive learning platform (CLIPP)”.
“There are two type of IT training Providers:
1. Low-impact, low-cost training providers that offer training with price points in the range of $200-$500 /person mainly designed for refresher, reference and for professional development
2. High-cost, high-impact training providers with price points in the range of $1500-$4000 per person design to implement what you learned such as code or do Azure Migration once you are done with training.
QuickStart is unique in the way that we offer both offerings in the form of subscriptions. Our Learn Subscription is our low-cost, low impact training solution and the Master Subscription provides high impact training which is un-matched in the industry in terms of value. Both subscription models are supported by the CLIPP (Cognitive Learning IT Project Performance) platform that can help convert training into a high Impact learning experience to address the IT L&D challenges of fortune 500 companies along with several federal and state customers.” He added.
QuickStart is a Microsoft learning partner and has gained Comptia, ITIL, and EC-Council accreditations over the past few months. The series A will be used to form new partnerships, grow the sales force and do roll-ups to fuel organic growth.
QuickStart is an Austin based IT training marketplace that uses cognitive learning and artificial intelligence to turn training into a transformational experience.