May 14, 2026

Web Summit: Edwin Scholte of Articulate on bootstrapping to $300M ARR and navigating the AI shift

At Web Summit Vancouver, Articulate President Edwin Scholte joined Axios’ Lucinda Shen and ICONIQ’s Tengbo Li for a conversation on building enduring software companies in a changing world. They traced Articulate’s path from a bootstrapped business to more than $300 million in ARR, including why the company chose to raise capital in 2021 after nearly 20 years without outside funding.