Udacity

Udacity

Online platform for tech skills education

About Udacity

Simplify's Rating
Why Udacity is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Education

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$155.6M

Headquarters

Mountain View, California

Founded

2011

Overview

Udacity provides online education focused on teaching tech skills to help individuals advance their careers. The platform offers a variety of courses in areas such as programming, data science, artificial intelligence, and digital marketing, developed in collaboration with industry leaders to ensure relevance. Udacity stands out by emphasizing hands-on learning through real-world projects, allowing students to apply their knowledge directly to their careers. The platform includes extensive support resources, including a Learning Resource Center and 24/7 mentor assistance for coding questions. Its business model is based on a subscription service for individual courses or comprehensive "Nanodegree" programs, and it also partners with corporations for workforce training solutions. Udacity's goal is to provide high-quality, practical education that meets the needs of learners and businesses alike.

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Simplify's Take

What believers are saying

  • Accenture's acquisition enhances Udacity's reach and resources for tech training.
  • Udacity's partnerships offer scholarships, expanding access to underserved students.
  • The rise of micro-credentials boosts Udacity's market relevance and appeal.

What critics are saying

  • Increased competition from free resources like Coursera could impact Udacity's market share.
  • Rapid tech changes may render Udacity's course content outdated quickly.
  • Accenture's acquisition may lead to strategic shifts alienating existing customers.

What makes Udacity unique

  • Udacity offers hands-on learning with real-world projects and datasets.
  • The platform provides 24/7 mentor support for coding questions.
  • Udacity's courses are designed in collaboration with industry leaders.

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Funding

Total Funding

$155.6M

Below

Industry Average

Funded Over

5 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Care - No-premium health, dental, and vision benefits, 401K, FSA

Lifestyle - Monthly wellness stipend (gym memberships, work-out gear, etc.)

Learning - Reimbursements for conferences, classes, and seminars

Flexibility - Flexible work hours, unlimited vacation, and paid parental leave

Meals - Healthy catered lunches, dinners, snacks, and drinks on site

Fun - Board games, team outings, company parties, and more

Company News

CN-Info
Oct 17th, 2024
FPT Software's Multi-Million Dollar Investment in Employee Learning and Development

Since 2021, FPT Software has partnered with Udacity, a globally recognized online learning platform.

Opportunities for Africans
Aug 24th, 2024
ILO-Udacity Freelance Fast Forward Program 2024 for young Egyptians and non-Egyptians (Fully Funded)

The program is an exclusive fully-funded opportunity to empower Egyptians and non-Egyptians with the skills needed to start their freelancing career, provided by the International Labour Organization, through its PROSPECTS programme in Egypt, in collaboration with Udacity.

Silicon India
Aug 16th, 2024
Udacity Launches Predictive Analytics Programme

Udacity launches predictive analytics programme.

Udacity
Jun 30th, 2024
Udacity Unveils a Completely Revamped iOS Developer Nanodegree Program

That's why Udacity, Inc. is thrilled to announce the launch of the entirely updated iOS Developer Nanodegree program: iOS Development with SwiftUI and SwiftData.

Udacity
Jun 25th, 2024
AWS and Udacity Surpass $24 Million Worth of AI Programming Scholarships Awarded to Underserved Students in Less Than Three Years

Globally, Udacity, Inc. has teamed up with organizations like Bertelsmann and government organizations like the Ministry of Communications and Information Technology in Egypt to award Udacity Nanodegree program scholarships to tens of thousands of people.

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