What NEO LMS does

CYPHER Learning, Inc., operating under the historical brand NEO LMS, is a privately held, Texas-incorporated software company that builds an AI-powered learning management system (LMS) and learning experience platform (LXP) sold primarily to academic institutions and corporate training organizations. Its core offering is the CYPHER Platform, which combines an LMS, an LXP, and a suite of AI modules — most notably CYPHER Agent, an autonomous generative-AI tool that builds multimedia, gamified, competency-based courses in minutes, and CYPHER AI 360, a broader AI orchestration layer covering personalization, recommendation, and process automation. The platform supports K-12 schools, higher education institutions, and trade schools through a dedicated "CYPHER for Academia" vertical, and serves extended-enterprise, employee, customer, and partner training through "CYPHER for Business." Feature breadth includes assessments, multi-org administration, skills/competency tracking, reporting, gamification, and white-label deployment, delivered via web and native iOS/Android apps. The company is SOC 2 Type 2 certified and claims global reach.

The company monetizes through quote-based annual SaaS subscriptions, supplemented by professional services (on-site training, content migration, custom content), white-label/OEM licensing, and content services. Go-to-market is enterprise-led: direct field sales with "Schedule a demo," "Submit RFP," and "Contact sales" CTAs, a channel partner/reseller program, and a digital marketplace for extensions. Customer evidence is diverse — spanning higher education (e.g., North Carolina A&T State University, Universidad de Navarra, Le Cordon Bleu - Perú, STI College), K-12 (Colegio Pedro Arrupe, Mr. D Math), and enterprise buyers across technology (Daybreak AI, Claroty), retail (Wilcon Depot, Halo), legal (Poulin Willey Anastopoulo), and nonprofit (Presbyterian Senior Services) — indicating a multi-vertical, geographically distributed book of business. The firm is led by founder and CEO Graham Glass, operates from Plano, Texas, and reports 11–50 employees with no disclosed external funding.

Name

NEO LMS

Legal name

CYPHER Learning, Inc.

Website

https://neolms.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

CYPHER Learning (historically NEO LMS) is a privately held, Texas-based software company that sells an AI-powered LMS/LXP to academic institutions and enterprises, with CYPHER Agent automating course creation and personalized learning at global scale.

Ownership category

akta.pro rank

Product category

Learning Management System (LMS)

NAICS

Business Schools and Computer and Management Training (6114), Educational Support Services (61171)

SIC

Services-Prepackaged Software (7372), Services-Educational Services (8200)

akta.pro primary industry

Core LMS Platforms (Academic & Corporate) (EDAFAAAA)

akta.pro secondary industries

Learning Experience Platforms (LXP) & Learning Portals (EDAFAAAB), Extended Enterprise LMS (Customer/Partner/Franchise Training) (EDAFAAAC)

Keywords

• Learning management system
• AI-powered LMS
• Corporate training platform
• Academic learning software
• Employee training software

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform Subscription/License: SaaS-based learning platform subscription model with annual licensing for academic institutions and enterprise organizations. Pricing is quote-based and not publicly disclosed.
2. Professional Services: On-site training by experts, migrating existing content, creating custom content, and implementation support services.
3. White Label/Licensing: White-label LMS option allowing partners and organizations to brand and customize the platform under their own identity.
4. Content Services: Content development and delivery services including course creation assistance and content library access.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

NEO LMS (operating as CYPHER Learning) provides an AI-powered learning management system that enables schools, universities, and enterprises to author, deliver, and track training. The platform bundles an LMS and LXP with generative AI course creation (CYPHER Agent), personalized learning paths, gamification, multi-org administration, and reporting. It is sold as a SaaS subscription with optional professional services, white-label deployment, and content development.

Product overview

CYPHER Learning offers a unified AI-powered learning platform architecture consisting of the core CYPHER Platform (encompassing LMS and LXP capabilities), supplemented by specialized AI modules including CYPHER Agent and CYPHER AI 360 for intelligent automation. The platform is delivered across two primary market verticals: CYPHER for Academia (serving K-12, higher education, and trade schools) and CYPHER for Business (covering employee, customer, and partner training). Additional offerings include White Label LMS for custom branding, Content Services for professional development, and a Marketplace for extended functionality. The platform emphasizes generative AI for automated content creation, personalization engines for customized learning paths, and process automation for administrative efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• CYPHER Platform Unified AI-powered learning platform that enables organizations to create, deliver, and manage training across multiple audiences, bundling course development, assessments, gamification, reporting, and automation. Designed for academic institutions and enterprises.
• CYPHER LMS
• CYPHER LXP
• CYPHER Agent
• CYPHER for Academia
• CYPHER for Business
• White Label LMS
• CYPHER Content Services
• CYPHER Marketplace

Quantifiable outcome

• 92% of surveyed schools agreed CYPHER has transformed their institution, making it easy for teachers to create online classes and for students to stay engaged
• +1 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Google Play (Android App)coreTechnology or IntegrationCYPHER platform available as Android mobile application through Google Play Store for learning on mobile devices.
• Apple App Store (iOS App)coreTechnology or IntegrationCYPHER platform available as iOS mobile application through Apple App Store for iPhone and iPad learning.

Scale indicators3 records

Broad incumbents

• Blackboard: Long-standing incumbent LMS in higher education and K-12 with broad portfolio beyond LMS. Direct academic competitor with much larger installed base and enterprise procurement muscle.
• Schoology (PowerSchool): K-12-focused LMS now part of PowerSchool's unified education platform. Direct competitor in CYPHER's primary K-12 segment with strong district-level penetration.
• SAP Litmos: Enterprise LMS with broad customer training and employee training offerings. Overlaps with CYPHER for Business in mid-market and enterprise segments, including the same industries (retail, technology, legal).
• Cornerstone OnDemand: Large enterprise talent and learning platform with comparable corporate training, compliance, and extended-enterprise use cases. Competes in the same RFPs as CYPHER for Business.

Emerging players

• LearnDash: WordPress-based LMS popular with SMBs, training organizations, and individual course creators. Adjacent peer competing for the same extended-enterprise and commercial-training use cases at a lower price point.

Direct peers

• Moodle: Open-source LMS with massive global academic footprint, particularly in EMEA, APAC, and Latin America where CYPHER also reports customers. Competes on price and flexibility for budget-constrained institutions.
• Docebo: AI-forward enterprise LMS/LXP with similar positioning around AI-powered content creation, extended enterprise, and white-label. Closest peer on corporate training and LXP overlap.
• Absorb Software (Absorb LMS): Cloud LMS serving mid-market and enterprise customers with strong extended-enterprise and customer training capabilities, directly overlapping CYPHER for Business use cases.
• D2L (Brightspace): Brightspace is a leading academic and corporate LMS competing directly with CYPHER in higher education and enterprise. Comparable on personalized learning, competency-based education, and AI-enabled authoring.
• Instructure (Canvas LMS): Canvas is the dominant LMS for higher education and increasingly K-12, competing head-to-head with CYPHER for Academia in the same institutional RFPs. Most directly comparable peer given overlapping academic customer base and AI roadmap.

Market position

Strengths4 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/neolms
• YouTubeyoutube.com/channel/UCJwky3COzZ_Q9UKE30fInqg
• LinkedInlinkedin.com/company/edu-2-0
• Instagraminstagram.com/cypherlearning

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEO LMS