Wednesday, November 11, 2015

Udacity Joins Unicorns, Raises $105M At $1 Billion Valuation

Palo Alto-based Udacity, the online education site focused on software coding, has raised $105M in a Series D funding round, the company announced today. The funding was led by Bertelsmann, and also included Baillie Gifford, Emerson Collective, Google Ventures plus Andreessen Horowitz, Charles River Ventures, and Drive Capital. The company said the round values the company at $1 billion. Kay Krafft, CEO of Bertelsmann Education Group, joins the company's board with the funding.