Udemy.com devslopes ios117/14/2023 In June 2016, Udemy raised $60 million from Naspers Ventures as a follow-up to the $65 million Series D round of financing from June 2015. Udemy joined another online learning house Skillsdox Inc of Canada to open up School of Skills in India. In June 2015, Udemy raised a $65 million Series D financing round, led by Stripes. In May 2014, Udemy raised another $32 million in a Series C funding, led by Norwest Venture Partners, as well as Insight Venture Partners and MHS Capital. On April 22, 2014, the Wall Street Journal 's digital edition reported that Chief Operating Officer of Udemy, Dennis Yang, was named CEO, replacing Eren Bali. In December 2012, the company raised $12 million in Series B funding led by Insight Venture Partners, as well as Lightbank Capital, MHS Capital and Learn Capital, bringing Udemy's total funding to $16 million. In October 2011, the company raised an additional $3 million in Series A funding led by Groupon investors Eric Lefkofsky and Brad Keywell, as well as 500 Global (previously 500 Startups) and MHS Capital. Based on this favorable market reaction, they decided to attempt another round of financing, and raised $1 million in venture funding by August. Within a few months, 1,000 instructors had created about 2,000 courses, and Udemy had nearly 10,000 registered users. In response to this, they bootstrapped the development of the product and launched Udemy-"The Academy of You"-in May 2010. In February 2010, the founders tried to raise venture capital funding, but the idea failed to impress investors and they were rejected 30 times, according to Gagan Biyani. The site was launched by Bali, Oktay Caglar and Gagan Biyani in early 2010. They saw potential in making the product free for everyone, and moved to Silicon Valley to found a company two years later. In 2007, Udemy (you-de-mee, portmanteau of you + academy) founders Eren Bali and Oktay Caglar built a software for a live virtual classroom while living in Turkey. Udemy is headquartered in San Francisco, California with hubs in Denver, Colorado Dublin, Ireland Ankara, Turkey São Paulo, Brazil and Gurugram, India. Udemy attracts corporate trainers seeking to create coursework for employees of their company. Some courses generate credit toward technical certification. Students take courses primarily to improve job-related skills. Udemy Business customers have access to more than 22,000 courses, more than 9,000 of which are in English. There are nearly 14,400 Udemy Business customers, and more than 50% of the Fortune 100 are Udemy Business customers. It was founded in May 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar.Īs of March 2023, the platform has 62 million learners, over 210,000 courses, and more than 70,000 instructors teaching courses in nearly 75 languages, with over 830 million course enrollments. is an education technology company that provides an online learning and teaching platform.
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