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It is aimed at professional adults. Udemy uses content from online content creators to sell for profit. Some courses generate credit toward technical certification. Udemy has made a special effort to attract corporate trainers seeking to create coursework for employees of their company.
As of 2018, there are more than 100,000 courses on the website. Eren Bali built software for a live virtual classroom while living in Turkey. He saw potential in making the product free for everyone, and moved to Silicon Valley to found a company two years later. In February 2010, the founders tried to raise venture capital funding, but the idea failed to impress investors and they were rejected 30 times, according to Gagan Biyani.
In response to this, they bootstrapped the development of the product and launched Udemy—»The Academy of You»—in May 2010. Within a few months, 1,000 instructors had created about 2,000 courses, and Udemy had nearly 10,000 registered users. 1 million in venture funding by August. 3 million in Series A funding led by Groupon investors Eric Lefkofsky and Brad Keywell, as well as 500 Startups and MHS Capital. 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. 32 million in a Series C funding, led by Norwest Venture Partners, as well as As english coursework Venture Partners and MHS Capital.
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65 million Series D financing round, led by Stripes Group. Now Udemy joined another online learning house Skillsdox Inc of Canada to open up School of Skills in India. 65 million Series D round of financing from June 2015. On February 5, 2019, Udemy announced that the board of the company has appointed Gregg Coccari as its new chief executive officer effective immediately.
Udemy serves as a platform that allows instructors to build online courses on topics of their choosing. Courses are offered across a breadth of categories, including business and entrepreneurship, academics, the arts, health and fitness, language, music, and technology. Udemy offers paid and free courses, depending on the instructor. Instructor compensation from tuition varies based on who invests in marketing to attract students to Udemy.
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