Synapse is the latest learning startup to get funding. Learning continues to be a category that attracts VC. Probably because every few years it gets turned on its head by the latest wave of technology promising to provide an experience better suited to how employees actually learn at work. It was just a matter of time before we saw AI and machine learning get more prevalent in the funding announcements for learning, both technologies that, on paper, have a lot to offer in tailoring experiences to employee behavior.
Will the next wave of transformation the CLO deals with be about designing training programs, or finding ways to get learning embedded into the flow of work at the right time and place?
Synapse, a provider of technology for the Learning and Development market announced today that it closed a US$2.5 million seed financing to fuel growth of its Learning Design System. The first-of-its-kind platform automates the instructional design process, allowing organizations to quickly transform institutional knowledge into on-demand training.Instructional design is a function that is performed by a few highly-trained individuals, impeding organizations from creating and deploying training at scale. Benchmarks indicate that it can take over 70 hours and up to $10,000 to create a single hour of training.