Udemy, Inc. is a for-profit massive assailable on-line run ( MOOC ) supplier aimed at professional adults and students. It was founded in May 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar. As of September of 2021, the platform has more than 46 million students, 175,000 courses, and 60,000 instructors teaching courses in over 75 languages. There have been over 644 million naturally enrollments. [ 3 ] Students take courses primarily to improve job-related skills. [ 4 ] Some courses generate credit toward technical documentation. Udemy has made a special feat to attract corporate trainers seeking to create coursework for employees of their caller. [ 5 ]
Reading: Wikipedia
The headquarters of Udemy is located in San Francisco, US, with hubs in Denver, US ; Dublin, Ireland ; Ankara, Turkey ; Sao Paulo, Brazil ; and Gurugram, India. [ 6 ]
history [edit ]
In 2007, Udemy ( you-de-mee, blend of you + academy ) [ 7 ] founders Eren Bali and Oktay Caglar built a software for a populate virtual classroom while living in Turkey. They saw potential in making the merchandise free for everyone, and moved to Silicon Valley to found a company two years subsequently. The web site was launched by Bali, Oktay Caglar and Gagan Biyani in early 2010. [ 8 ] In February 2010, the founders tried to raise speculation capital fund, but the estimate failed to impress investors and they were rejected 30 times, according to Gagan Biyani. [ 9 ] In response to this, they bootstrapped the development of the product and launched Udemy— ” The Academy of You ” —in May 2010. [ 9 ] Within a few months, 1,000 instructors had created about 2,000 courses, and Udemy had about 10,000 read users. Based on this favorable marketplace reaction, they decided to attempt another round of finance, and raised $ 1 million in guess support by August. [ 10 ] [ 11 ] In October 2011, the company raised an extra $ 3 million in Series A fund led by Groupon investors Eric Lefkofsky and Brad Keywell, ampere well as 500 Startups and MHS Capital. [ 12 ] In December 2012, the party raised $ 12 million in Series B fund led by Insight Venture Partners, equally good as Lightbank Capital, MHS Capital and Learn Capital, bringing Udemy ‘s sum fund to $ 16 million. [ 13 ] On April 22, 2014, the Wall Street Journal ‘s digital edition reported that Dennis Yang, Chief Operating Officer of Udemy was named CEO, replacing Eren Bali. [ 14 ] In May 2014, Udemy raised another $ 32 million in a Series C fund, led by Norwest Venture Partners, equally well as Insight Venture Partners and MHS Capital. [ 15 ] In June 2015, Udemy raised a $ 65 million Series D finance round, led by Stripes. [ 16 ] now Udemy joined another on-line learn house Skillsdox Inc of Canada to open up School of Skills in India. [ citation needed ] In June 2016, Udemy raised $ 60 million from Naspers Ventures as a follow-up to the $ 65 million Series D round off of financing from June 2015. [ 17 ] On February 5, 2019, Udemy announced that the control panel of the caller appointed Gregg Coccari as its new headman executive officeholder. [ 18 ] In February 2020, Udemy raised $ 50 million from long-time partner in Japan, Benesse Holdings, Inc. and announced $ 2 billion evaluation. [ 19 ]
Read more: France national football team
In November 2020, Udemy raised $ 50 million at a $ 3.25 billion evaluation led by Tencent Holdings. [ 20 ] [ 21 ]
Finances [edit ]
Udemy has never made a profit. [ 22 ] Udemy reported net losses of $ 69.7 million for 2019 and $ 77.6 million in net losses for 2020. By June 30, 2021, UDMY had an accumulated deficit of $ 407.9 million. In 2020, UDMY spent $ 192.6 million on marketing and advertise. [ 23 ]
Branding [edit ]
In former October 2017, Udemy changed its brand to the stream spirit ( as of 10-10-2021 ) with an invert purple chevron above the party ‘s trademark list in bolded small letter letters and black coloration. [ 24 ] previously it had been, over time, styled in a count of different ways including a exchangeable logo in bright park ( as seen here ) without any letter accents. One case of identical early logo purpose used larger textbook and capitalized the U in ‘Udemy ‘ in accession to a large, stylize loss uracil to the leave side .
overview [edit ]
Udemy is a platform that allows instructors to build on-line courses on their preferable topics. Using Udemy ‘s course development tools, they can upload videos, PowerPoint presentations, PDFs, audio, ZIP files and live classes to create courses. Instructors can besides engage and interact with users via on-line discussion boards. [ 25 ] Courses are offered across a width of categories, including business and entrepreneurship, academics, the arts, health and fitness, linguistic process, music, and technology. [ 26 ] Most classes are in practical subjects such as Excel software or using an iPhone camera. [ 27 ] Udemy besides offers Udemy for Business, enabling businesses access to a target suite of over 7,000 train courses [ 3 ] on topics from digital market tactics to office productiveness, design, management, program, and more. With Udemy for Business, organizations can besides create customs learning portals for corporate prepare. [ 28 ] Courses on Udemy can be paid or complimentary, depending on the teacher. [ 29 ] In 2015, the top 10 instructors made more than $ 17 million in total tax income. [ 30 ] In April 2013, Udemy offered an app for Apple io, allowing students to take classes directly from iPhones ; [ 31 ] The Android adaptation was launched in January 2014. [ 32 ] As of January 2014, the io app had been downloaded over 1 million times, and 20 percentage of Udemy users access their courses via mobile. [ 33 ] In July 2016, Udemy expanded their io chopine to include Apple TV. [ 34 ] On January 11, 2020, the Udemy mobile app became the # 1 top gross Android app in India. [ 35 ]
massive open on-line course ( MOOC ) [edit ]
Udemy is part of the MOOC campaign available outside the traditional university system, [ 36 ] [ 37 ] and has been noted for the assortment of courses offered. [ 38 ]
reception [edit ]
Udemy has been mentioned in The New York Times, The China Post, Fast Company, the BBC, YPN [ clarification needed ] and TechCrunch, with Mashable noting “ Udemy offers an feel that rivals the real classroom, and should prove to be a useful utility for teachers and students of all topic matters. ” [ 11 ] [ 39 ] [ 40 ] [ 41 ] [ 42 ] [ 43 ] In 2014, Forbes named Udemy cofounder Eren Bali as part of their “ 30 Under 30 ” of “ the brightest stars in 15 different fields under the long time of 30. ” [ 44 ]
Read more: Real Sociedad
In 2020, Udemy Ranked on the Annual ‘ Change the World ’ List by Fortune Magazine. Udemy Recognized as a 2021 Bay Area Best place to Work .
piracy concerns [edit ]
In November 2015, Udemy was accused of publish and profit from pirated courses. [ 45 ] [ 46 ] [ 47 ] The chief executive officer at the time, Dennis Yang, responded to the accusations in a blog post and stated that Udemy did not profit from that example of piracy. [ 48 ]