Funding

Udacity Raises $105 Million in Series D

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What does Udacity do?

Udacity, is an online provider of ‘nanodegree’ courses in technical subjects. It provides online courses and credentials built by Google, AT&T etc. so professionals become Mobile or Web Developers, Data Analysts. The company is building “University by Silicon Valley”, a new type of online university which teaches the actual programming skills which the industry employers require today. It delivers credentials which are employer endorsed as they built them and provides education at a fraction of the cost and time of traditional schools. The company is supported by its community of students, coaches. Its students learn data science and programming through a series of hands on projects and online courses which help them practice and build a good portfolio.

How much Udacity was founded?

Udacity raised $105M in Seried D on November 11th. 2015  from Drive Capital, Google Ventures, Andreessen Horowitz, Baillie Gifford, Emerson Collective and Bertelsmann.

Previous funding

  • $5M in Series A on January 1, 2012 from the investor CRV
  • $15M in Series B on October 25, 2012 from Andreessen Horowitz, Steve Blank and CRV
  • $35M in Series C on September 24, 2014 from Drive Capital, Valor Capital Group, Bertelsmann, Peter Levine, Cox Enterprises, George Zachary, Andreessen Horowitz, Recruit Holdings and CRV.

What is next for Udacity?

The company has raised a total of $160M to date. With the latest funding the company’s total valuation of $1 billion and it has now joined the growing rank of unicorns. The funding comes as the company is increasing its international presence.

More about Udacity

Udacity was founded in 2011 by David Stavens, Sebastian Thrun and Mike Sokolsky. It has its headquarters in Mountain View, CA. The company’s mission is democratizing education making it affordable and accessible to billion worldwide to get the jobs they desire to improve their lives.

 

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