Dive Summary:

• WizIQ, a provider of virtual educational software for K-12 and university classrooms, has raised $4 million in series B funding. 
• AuthorSTREAM, an online PowerPoint sharing platform, will merge with WizIQ as part of the investment, giving WizIQ access to AuthorSTREAM's 4 million users.
• WizIQ, which works on PCs, iPads and Android tablets, is used by approximately 2.5 million students and more than 200,000 educators

From the article:

"WizIQ, an online education platform which provides virtual classroom software for teachers and trainers at school and university level has raised a $4 million Series B round. The funding was led by Kaizen, an Indian private equity fund focused on the education sector. German-based global media company, Bertelsmann, also participated.

WizIQ said it will use the funding to bolster its position in the online education platform space — noting that, as part of the investment, authorSTREAM, an online platform for PowerPoint users to share presentation-based content, will merge into WizIQ, giving it a chance to reach authorSTREAM’s four million users — 'a lot' of whom are apparently teachers, trainers and students. The company added that it would use the funding to improve its technology infrastructure and hire staff in product development and senior management positions. ..."