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Company type | Private |
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NYSE: INST | |
Industry | Educational Technology Learning Management Systems Assessment Management Systems Assessment |
Founded | 2008 |
Founder | Brian Whitmer and Devlin Daley |
Headquarters | Salt Lake City, Utah , United States |
Number of locations | 7 |
Area served | Worldwide |
Key people |
|
Products | Canvas, Catalog, Studio, Portfolium, MasteryConnect, Videri, CASE Benchmarks and Item Bank, Navigate Item Bank, Academic Benchmarks, Certify, DataConnect, Program Assessment, Pathways, Canvas for Corporate Education |
Revenue | $475.2 million (2022) [1] |
Number of employees | 1,466 (2022) [2] |
Website | instructure |
Canvas | |
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Developer(s) | Instructure |
Written in | Ruby on Rails |
License | Core AGPLv3, Some official plugins proprietary [3] |
Website | https://www.instructure.com/canvas |
Instructure Holdings, Inc. is an educational technology company based in Salt Lake City, Utah, United States. It is the developer and publisher of Canvas, a web-based learning management system (LMS).
The company was founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley. [4] Its initial funding came from Mozy founder Josh Coates, who served as Instructure's CEO from 2010 to 2018 and chairman of the board through 2020. [5]
In December 2010, the Utah Education Network (UEN), a representative of a number of Utah colleges and universities, announced that Instructure would be replacing Blackboard. [6] By 2013, the company's customer base had increased to 9 million users. [7]
In 2011, Instructure launched Canvas, a learning management system. [8] The company announced that Canvas would be made freely available under an Affero General Public License (AGPL) license as open-source software. [9] [10] [11] As of 2025, the core of Canvas was AGPL-licensed and installable, but several commonly-used Infrastructure-plugins were proprietary, making Canvas open-core. [12] Canvas became available on iOS in 2011, and on Android in 2013. [13] As of 2020, Canvas was used in approximately 4,000 institutions worldwide. [14]
In 2015, Instructure launched Bridge, a cloud-based corporate learning management system. [15] It was acquired by Learning Technologies Group (LTG) in 2021. [16]
As of 2015, the company had raised $90 million in funding from investors. [17] On November 13, 2015, the firm began trading as a publicly held company on the New York Stock Exchange. [18]
In 2020, Thoma Bravo acquired the company for $2 billion. [19] In June 2021, Instructure again filed for an IPO, [20] and began trading under the symbol INST. [21]
In 2024, it was announced that KKR and Dragoneer had completed their purchase of the company for $4.8 billion. [22]
In 2024, Instructure announced the acquisition of Parchment, a credential management platform. [23]
On July 23, 2025, OpenAI and Instructure announced a global partnership to bring AI tools inside the Canvas LMS. [24]