Udacity

Udacity

Online platform for tech skills education

About

Udacity is an online education platform that teaches tech skills such as programming, data science, and artificial intelligence. The courses are designed with input from industry leaders and focus on hands-on learning through real-world projects. Unlike its competitors, Udacity offers 24/7 mentor support and a subscription model for access to individual courses or comprehensive "Nanodegree" programs. The goal is to provide high-quality education that helps learners advance their careers in the tech industry.

Company Stage

Acquired

Employees

1,001-5,000

Industries

Education

Total Funding

$155.6M

Headquarters

N/A

Founded

2011


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Simplify's Take

What believers are saying

  • The acquisition by Accenture could provide significant resources and opportunities for growth and innovation.
  • Udacity's continuous curriculum updates, such as the revamped iOS Developer Nanodegree and new GenAI programs, demonstrate a commitment to staying at the forefront of tech education.
  • Recognition as a global leader in EdTech and partnerships with major organizations like AWS and Comet ML enhance Udacity's credibility and market position.

What critics are saying

  • Integration with Accenture may lead to cultural and operational challenges that could affect employee morale and productivity.
  • The fast-paced nature of the tech industry requires constant curriculum updates, which can be resource-intensive and challenging to maintain.

What makes Udacity unique

  • Udacity's hands-on learning approach with real-world projects and datasets sets it apart from competitors who may offer more theoretical content.
  • The company's strong industry partnerships ensure that its curriculum remains relevant and practical, directly aligning with current market needs.
  • Udacity's 24/7 mentor support provides a unique value proposition, helping students overcome challenges in real-time.

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Growth & Insights
Headcount

6 month growth

-7%

1 year growth

-7%

2 year growth

-7%

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

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