About Udacity
Udacity is a company based in Mountain View (United States) founded in 2011 was acquired by Accenture in March 2024.. Udacity has raised $160 million across 5 funding rounds from investors including Accenture, Hercules Capital and Baillie Gifford. The company has 28 employees as of April 06, 2024. Udacity has completed 1 acquisition, including Terminal. Udacity operates in a competitive market with competitors including Coursera, Pluralsight, upGrad, Codecademy and Udemy, among others.
- Headquarter Mountain View, United States
- Employees 28 as on 06 Apr, 2024
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Sectors
Education
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Email
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Phone
*********
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Website
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Social
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- Legal Name Udacity India Private Limited
- Date of Incorporation 27 Oct, 2015
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$1.87 M (USD)-3.52as on Mar 31, 2022
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Net Profit
$128.62 K (USD)-45.02as on Mar 31, 2022
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EBITDA
$295.06 K (USD)-18.96as on Mar 31, 2022
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Total Equity Funding
$160 M (USD)
in 5 rounds
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Latest Funding Round
$75 M (USD), Debt – Conventional
Nov 03, 2020
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Investors
Accenture
& 12 more
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Employee Count
28
as on Apr 06, 2024
- Investments & Acquisitions
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Acquired by
Accenture
(Mar 05, 2024)
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Funding Insights of Udacity
Udacity has successfully raised a total of $160M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $75 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $75.0M
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First Round
First Round
(12 Apr 2011)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Debt – Conventional - Udacity | Valuation |
investors |
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| Nov, 2015 | Amount | Series D - Udacity | Valuation | Bertelsmann | |
| Sep, 2014 | Amount | Series C - Udacity | Valuation | Drive Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Udacity
Udacity has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Accenture, Hercules Capital and Baillie Gifford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed and seed stage investments
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Udacity
Udacity has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Terminal. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Elastic computing platform providing an interactive coding environment right from the browser
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Udacity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Udacity Comparisons
Competitors of Udacity
Udacity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coursera, Pluralsight, upGrad, Codecademy and Udemy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for multi-course education is operated.
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| domain | founded_year | HQ Location |
Cloud-based LMS platform for IT industry
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| domain | founded_year | HQ Location |
Professional certification training courses are provided via an online platform.
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| domain | founded_year | HQ Location |
Mobile and SaaS-based platform to learn coding
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| domain | founded_year | HQ Location |
Online courses in diverse subjects are provided via a marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Udacity
Frequently Asked Questions about Udacity
When was Udacity founded?
Udacity was founded in 2011.
Where is Udacity located?
Udacity is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Udacity?
Gabriel Dalporto is the current CEO of Udacity.
Is Udacity a funded company?
Udacity is a funded company, having raised a total of $160M across 5 funding rounds to date. The company's 1st funding round was a Series C of $35M, raised on Apr 12, 2011.
How many employees does Udacity have?
As of Apr 06, 2024, the latest employee count at Udacity is 28.
What is the annual revenue of Udacity?
Annual revenue of Udacity is $1.87M as on Mar 31, 2022.
What does Udacity do?
Udacity provides a professional development course platform. It offers open online courses mainly focusing on professional development courses on software development with streams in front-end web, full-stack web, iOS development, etc. The platform offers its solutions for individuals, enterprises, and governments. Its students are assigned homework that follows learning by doing model. Its Nano-Degree programs are developed in collaboration with Google, Nvidia, Microsoft, Autodesk, Cadence Design Systems, and Wolfram Research. It works on a freemium model.
Who are the top competitors of Udacity?
Udacity's top competitors include upGrad, Pluralsight and Coursera.
How many acquisitions has Udacity made?
Udacity has made 1 acquisition, including Terminal.
Who are Udacity's investors?
Udacity has 13 investors. Key investors include Accenture, Hercules Capital, Baillie Gifford, Google Ventures, and Emerson Collective.
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