MOOC Provider Udemy Gets Another $32 Million in Funding
The startup [Udemy] announced $32 million in new funding today.
Udemy offers some free courses, while it charges for others. It claims more than 3 million students up 50 percent from January; while Coursera had hit 5 million as of October 2013. Competitor Udacity had more 1.6 million students by that time; and edX, a non-profit organization, claimed more than 1.3 million.
This latest round of funding, led by Norwest Venture Partners with Insight Venture Partners and MHS Capital, brings Udemy’s total financing to $48 million since our 2010 founding.
In addition to its online learning marketplace for individuals, Udemy offers solutions for corporate learning. In 2013, Udemy launched Udemy for Organizations to help corporations manage, develop and grow their teams. Its corporate customers include 1-800-Flowers, Oracle and Pitney Bowes.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.