AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Udacity Achieved 100% Enterprise Revenue Growth, Expanded Learning Programs in 2018

February 22, 2019
Udacity Nanodegree programs accelerate professionals’ learning in fast-growing fields like AI, autonomous systems, data science, and digital marketing. Students can learn online -- and then test their skills in the real world -- including on the company’s own self-driving car in a Silicon Valley test lot. (Photo: Business Wire)

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Feb 22, 2019--Udacity, the global pioneer in lifelong learning, drove continued growth in 2018. The online learning company achieved 25% year-over-year overall revenue growth, highlighted by 100% enterprise revenue growth, with total revenues expanding to approximately $90 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190222005467/en/

Udacity Nanodegree programs accelerate professionals’ learning in fast-growing fields like AI, autonomous systems, data science, and digital marketing. Students can learn online -- and then test their skills in the real world -- including on the company’s own self-driving car in a Silicon Valley test lot. (Photo: Business Wire)

The company now has 10 million registered students across all of its programs, up from eight million at the end of 2017. Last year, the company invested in enterprise offerings, accelerated content creation initiatives, expanded career services, exceeded 200 industry partners globally and added 20 new enterprise clients to a list of over 50 worldwide.

“In 2018, we saw tremendous demand from Fortune 500 companies who are working with us to re-skill and level-up their existing workforces. Udacity has the learning programs in artificial intelligence, machine learning and data science to transform workforces at scale,” said Sebastian Thrun, co-founder, president and executive chairman at Udacity.

In February 2019, Lalit Singh joined the company as Interim COO reporting to executive chairman Thrun. Singh comes to Udacity with over a decade of operational experience including senior operational roles at Hewlett-Packard and GE. Singh has extensive experience running and scaling complex operations and driving growth initiatives in consumer and enterprise businesses.

Udacity connects learning to jobs through online, project-based education developed with and for industry. In late 2014, Udacity launched its Nanodegree® programs, starting with mobile and web development curriculum in collaboration with AT&T and Google. Four years later, Udacity had 33 Nanodegree programs and an alumni network of more than 65,000 Nanodegree program graduates as of December 31, 2018.

In 2018, the company:

Throughout 2019 Udacity plans to dramatically increase its launches of new Nanodegree programs and skills-centric learning content with five launches planned in Q1 of 2019 alone.

Additional 2018 milestones included:

Inc.5000Self-Driving Hiring ChallengeBertelsmann to fund 15,000 Data Science ScholarshipsPyTorch Scholarship Challenge

Udacity executives will be presenting at the following upcoming events:

Economic Times Global Business SummitWall Street Journal CIO NetworkNew York Times New Work Summit

About Udacity

Udacity is a global, online, lifelong learning platform connecting education to jobs and providing students with skills to advance careers. Udacity Nanodegree programs provide credentials earned through a series of online courses and projects in an array of subjects from self-driving cars and AI to data science and digital marketing. Udacity collaborates with more than 200 global industry partners, including AT&T, Google, Facebook, Lyft, and IBM, to close talent gaps. Headquartered in Mountain View, Calif., the privately-funded company has operations in China, Egypt, Germany, India and the United Arab Emirates. Its investors include Bertelsmann, Andreessen Horowitz, Charles River Ventures and Drive Capital. For more information, please visit www.udacity.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190222005467/en/

CONTACT: Leah Wiedenmann

415-612-0635

media@udacity.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: EDUCATION OTHER EDUCATION TECHNOLOGY INTERNET SOFTWARE

SOURCE: Udacity

Copyright Business Wire 2019.

PUB: 02/22/2019 02:36 PM/DISC: 02/22/2019 02:36 PM

http://www.businesswire.com/news/home/20190222005467/en