Instructure
 |
|
| Public | |
| Traded as | : INST |
| Industry | Education Learning Management Systems MOOC |
| Founded | 2008 |
| Headquarters | Salt Lake City, Utah |
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Key people
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Josh Coates, CEO |
| Products | Canvas, Canvas K-12, Canvas Network, Bridge |
| Website | http://www.instructure.com |
Instructure is an educational technology company based in Salt Lake City, Utah. It is the developer of the Canvas learning management system, which is a comprehensive cloud-native software package that competes with such systems as Blackboard Learning System, Moodle, D2L and Sakai Project. Instructure also developed Canvas Network, a massive open online course (MOOC) platform.
Instructure was founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley, with initial funding from Mozy founder Josh Coates (currently the CEO) and Epic Ventures.
In December 2010, the Utah Education Network (UEN), which represents a number of Utah colleges and universities, announced that Instructure would be replacing Blackboard as their preferred LMS. By January, 2013, Instructure's LMS platform was in use by more than 300 colleges, universities and K-12 districts, and the company's customer base had increased to more than 425 halfway through 2013 and 9 million users by the end of 2013.
In February 2011, Instructure announced that they were making their flagship product, Canvas, freely available under an AGPL license as open source software. Instructure's announcement received coverage in the press. In February 2012, the company launched Canvas K-12.
In November 2012, Instructure entered the massive open online course market by launching Canvas Network.
In June 2013, Instructure secured $30 Million in Series D Funding, bringing their lifetime funding total to $50M. In February, 2015, Instructure raised another $40 Million in Series E Funding, raising their lifetime funding total to $90M. CEO Josh Coates described it as "a pre-IPO round." On November 13, 2015, Instructure began trading as a publicly held company on the New York Stock Exchange (: INST).
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