Wednesday, September 24, 2014

Udacity Finds $35M For Online Learning Efforts

Palo Alto-based online learning and education startup Udacity has raised $35M more in funding, the company said today, in a round led by Drive Capital. The funding also included Bertelsmann, Recruit, Valor Capital, Cox Enterprises, Andreessen Horowitz, and Charles River Ventures. Mark Kvanne of Drive Capital joins the company's board with the funding. Udacity said the funds will go towards its "nanodegrees", its effort to offer credentials to students on skills recognized by employers. More information »