iLearningEngines
iLearningEngines was a Maryland-based enterprise technology company that marketed an AI-powered learning and work automation platform. It went public on Nasdaq (AILE) in April 2024 before collapsing into Chapter 7 liquidation in March 2025 following federal fraud indictments.
- Company typePublic
- Founded2010
- HeadquartersBethesda, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What iLearningEngines does
iLearningEngines was a Maryland-based technology company that marketed an AI-powered learning and work automation platform to enterprise customers. Its core offering combined AI-driven learning and work automation capabilities, and the company expanded its portfolio in April 2022 by acquiring in2vate, an education technology firm. The company went public on Nasdaq under ticker AILE in April 2024 via a SPAC merger with Arrowroot Acquisition Corp, raising approximately $93 million at a peak valuation of $1.5 billion and subsequently securing an additional $20 million debt facility in June 2024 from East West Bank and Valley National Bank.
Operationally, iLearningEngines employed 101–250 staff and served North American enterprise customers, though no specific customer logos, pricing model, marketing channels, or distribution channels are documented in available sources. Federal prosecutors now allege that at least 90% of the company's reported $421 million in 2023 revenue was fabricated through sham contracts with insider-controlled entities and round-trip fund transfers. The company filed for Chapter 11 bankruptcy in December 2024 and converted to Chapter 7 liquidation in March 2025 with over $50 million in unpaid liabilities. Founder and former CEO Puthugramam (Harish) Chidambaran and former CFO Sayyed Farhan Ali Naqvi were indicted in April 2026 by the Eastern District of New York on 10 counts including securities fraud, wire fraud, and operating a continuing financial crimes enterprise.
iLearningEngines firmographics
Firmographics- Name
- iLearningEngines
- Legal name
- iLearningEngines Inc.
- Website
- https://ilearningengines.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Short description
- iLearningEngines was a Maryland-based enterprise technology company that marketed an AI-powered learning and work automation platform. It went public on Nasdaq (AILE) in April 2024 before collapsing into Chapter 7 liquidation in March 2025 following federal fraud indictments.
- Ownership category
- akta.pro rank
iLearningEngines industry classification
Industry- Product category
- Enterprise Learning & Automation Software
- NAICS
- Professional and Management Development Training (61143), Educational Support Services (61171), Computer Training (61142)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Interactive Practice & Skill-Building (Drills, Games, Mastery Practice) (EDAFACAC)
- akta.pro secondary industry
- AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI)
Keywords
Where iLearningEngines is headquartered
LocationHeadquarters
- HQ city
- Bethesda
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
iLearningEngines business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
iLearningEngines product offering
Product offeringCore offering
iLearningEngines operated an AI-powered learning and work automation platform sold to enterprise customers to drive adoption of mission-critical outcomes and behaviors. The company also offered education-technology capabilities through its acquired subsidiary in2vate.
Product overview
iLearningEngines operated as a unified AI platform company offering an AI-powered learning and work automation platform as its core product. The company expanded its portfolio through the acquisition of in2vate in April 2022, which added education technology capabilities to its offerings. The company subsequently went public on NASDAQ in April 2024 but later filed for bankruptcy protection in December 2024, converting to Chapter 7 liquidation in March 2025 following fraud allegations.
Differentiator
Problem solved
Functional benefit
Products and services
- AI-Powered Learning and Work Automation Platform
Companies that use iLearningEngines
Customer profileSegments1 record
Ideal customer profiles1 record
iLearningEngines technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
iLearningEngines partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- in2vatecoreiLearningEngines acquired in2vate to expand its portfolio in the education technology sector. The acquisition was intended to enhance iLearningEngines' market position and service offerings.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
iLearningEngines competitors and assessment
Company assessmentDirect peers
- Docebo: AI-powered enterprise learning platform offering learning management and AI-driven personalization. Closest comparable in terms of product positioning (AI-powered learning platform) and target market (enterprise L&D buyers) to what iLearningEngines marketed.
- Cornerstone OnDemand: Enterprise learning and talent management platform serving HR and L&D teams at large organizations. Comparable to iLearningEngines' marketed enterprise learning and work automation platform.
- Degreed: Skill development and learning experience platform with AI-driven learning paths and skill-building workflows. Competes in the same enterprise learning and AI-personalization space.
- SAP Litmos: Corporate learning management system with AI features for training delivery and skill-building at enterprise scale. Direct competitor in the enterprise LMS and corporate training space.
- Skillsoft: Enterprise corporate training and talent development provider offering structured learning content and AI-powered learning paths. Comparable in delivering enterprise learning outcomes for workforce development.
- Pluralsight: Technology skill development platform with AI-driven learning paths, serving enterprise customers for workforce upskilling. Competes in the same AI-powered enterprise learning and skill-building space.
- Absorb Software: Cloud-based learning management system with AI-powered features for enterprise and mid-market customers. Direct competitor in the LMS and enterprise learning automation space.
Broad incumbents
- Workday Learning: Learning module within Workday's broader HCM platform, serving enterprise customers with integrated learning functionality. Represents the broad incumbent path for enterprise learning that bundles LMS into a wider HR suite.
Market position
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights2 records
Customer concentration
iLearningEngines social profiles
Digital presenceiLearningEngines financial estimates
Financial estimateRevenue estimate
Valuation estimate
iLearningEngines leadership team
Management profileNumber of profiles
Profiles3 records
iLearningEngines subsidiaries and ownership
Company hierarchySubsidiaries1 record
iLearningEngines funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iLearningEngines M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iLearningEngines
What does iLearningEngines do?
iLearningEngines operated an AI-powered learning and work automation platform sold to enterprise customers to drive adoption of mission-critical outcomes and behaviors. The company also offered education-technology capabilities through its acquired subsidiary in2vate.
Is iLearningEngines a public or private company?
iLearningEngines is a public company. It is classified as public and is currently closed.
When was iLearningEngines founded?
iLearningEngines was founded in 2010. It employs 101 to 250 people.
Where is iLearningEngines based?
iLearningEngines is headquartered in Bethesda, United States, in the North America region.
Who are iLearningEngines's main competitors?
Direct peers on record are Docebo, Cornerstone OnDemand, Degreed, SAP Litmos, Skillsoft, Pluralsight and Absorb Software. Workday Learning is listed as a broad incumbent.
Does iLearningEngines have an API?
No public API is recorded for iLearningEngines.
What industry is iLearningEngines in?
iLearningEngines's product category is Enterprise Learning & Automation Software. Its primary akta.pro industry code is EDAFACAC, Interactive Practice & Skill-Building (Drills, Games, Mastery Practice), with a secondary code of HDAEANAI, AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI). Its NAICS code is 61143 and its SIC code is 7372.