EdTech: OpenAI Inks ChatGPT Edu Deal With Greece & Thoma Bravo To Sell Raptor

Technology promises to make the world safer, smarter, and more connected; but getting there is never easy. Every new tool brings exciting possibilities with its own set of challenges.

For instance, school safety software allow schools to manage emergencies, student communication, health and well-being, and compliance from one platform, protecting students’ interests in an unpredictable world. Meanwhile, AI is transforming classroom experiences and giving them unprecedented tools to innovate and grow.

Well, behind these advances are huge investments, complex infrastructures, and high stakes as companies work to stay aligned and address global demand. So, let's see how recent moves in the world of education technology are playing out across the globe. Read on!

Private equity firm Thoma Bravo is preparing to sell its Houston-based school safety software provider, Raptor Technologies, in a deal that could top $2 billion, according to people familiar with the matter.

Raptor Technologies, which serves over 60,000 schools across 55 countries, offers software for crisis prevention, emergency response, and student movement management. Sources say the company generates more than $80 million in EBITDA.


JPMorgan, Thoma Bravo’s advisor on the sale, is expected to start the process later this year as
concerns over school safety and campus incidents continue to rise. In 2024, U.S. K-12 schools recorded 336 incidents, just below the 351 high reached the previous year, according to the K-12 School Shooting Database.

For investors, Raptor represents a mix of technology and rising demand for school safety solutions, a market that is serious but increasingly hard to overlook. However, Thoma Bravo, JPMorgan, and Raptor have not provided any comments about the potential sale.

While software is helping schools in the U.S. navigate safety challenges, countries like Greece are looking at comprehensive technology deals.

Greece is moving quickly to bring AI into classrooms and start-ups through a new partnership with OpenAI. The initiative, “OpenAI for Greece,” was announced at the Hellenic Expo and signed by Prime Minister Kyriakos Mitsotakis alongside OpenAI executives and local partners, including the Onassis Foundation and Endeavor Greece.

The program will make Greece one of the first countries to pilot ChatGPT Edu, a version of the tool designed for schools. Upper-secondary teachers will begin testing it this academic year, with training focused on AI literacy and responsible classroom use. The Onassis Foundation will lead implementation, while a joint task force including the Ministry of Education will oversee progress.

“From Plato’s Academy to Aristotle’s Lyceum—Greece is the historical birthplace of western education. Today, with millions of Greeks using ChatGPT on a regular basis, the country is once again showing its dedication to learning and ideas,” said Chris Lehane, OpenAI’s Chief Global Affairs Officer.

Beyond education, the partnership will also support Greek start-ups with a new AI accelerator. The program will provide access to OpenAI’s technology, expert guidance, and global exposure. The goal is to help founders grow their businesses in Greece, while driving innovation in key areas such as healthcare, climate, and public services.

Indeed, ambition has its costs. As OpenAI expands AI in education and entrepreneurship, the financial stakes behind scaling these tools are becoming increasingly clear.

The company now expects to spend $115 billion by 2029, according to The Information, which reports $80 billion more than it had anticipated earlier. This year, OpenAI is on track to burn through over $8 billion, around $1.5 billion higher than its previous estimate.


Costs are rising as OpenAI ramps up the computing power behind ChatGPT, making it one of the world’s biggest cloud server users. To manage spending, the company is building its own chips and data centers, with its first in-house AI chip, to be developed with Broadcom, is expected next year for internal use.

OpenAI has also expanded its infrastructure deals, including a deeper partnership with Oracle for 4.5 gigawatts of capacity and adding Google Cloud to its supplier list. Longer term, its Stargate initiative, supported by SoftBank, could reach $500 billion in investment.

OpenAI’s spending is set to climb sharply, with projections of over $17 billion in 2025, $35 billion in 2027, and $45 billion in 2028, as reported by The Information. The AI company did not immediately respond to its requests for comments.

Will OpenAI’s edtech deal with Greece help future students become AI-ready? Can OpenAI’s new initiatives push education and entrepreneurship along with its jobs platform?

Let us know what you think in the comments section below!