IntelliBoard secured $3.4 Million Series A Funding round from Connecticut Innovations

IntelliBoard Inc., a Monroe, based Premier reporting and analytics platform for learning management system, has secured $3.4 million in the Series A funding round.

The round was backed by the Flashpoint VC, Connecticut Innovations, SmartHub VC, and previous seed investor LETA Capital.

IntelliBoard Inc is founded and led by the Anatoliy Kochnev. The company offers analytics and reporting services to education communities and institutions that use Blackboard Learn, Brightspace, Canvas, and Moodle-based learning management systems.

Executive Opinion

Anatoliy Kochnev, co-founder and CEO of IntelliBoard, said, "In 2015, we saw the need for data to be available to those who want to learn. Using data to improve the learning process is so important for educators, administrators, and learners. The true value of data visualization lies in its ability to help show—not just tell—the story of the learner. This is what we are doing today. This investment will push us farther, faster, and it will make our product more robust, allowing us to further the education process."

Douglas Roth, managing director of investments at Connecticut Innovations, said, "We are impressed with how much IntelliBoard has accomplished in such a short time. There has been and will continue to be, a growing conversion to online delivery of learning across the K-12, higher education and corporate markets. IntelliBoard’s robust platform enables critical insights necessary for the effective and successful distribution of educational programs."

IntelliBoard's Latest Funding

IntelliBoard extracts the statistical data collected and presents this data on a single dashboard in the form of printable charts, formatted reports, and graphs.

The company, as of now, has plans to use the new funds to continue to expand operations and its business outreach. The company will aggressively execute its growth strategy and introduce new features and platform enhancements for its client base, notes the announcement.