Growth fueled by workforce digital transformation opportunities; new
Interim COO joins the executive team
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/digitaltransformation?src=hash” target=”_blank”gt;#digitaltransformationlt;/agt;–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.
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
“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:
Brought in new enterprise client wins including some of the world’s
leading oil and gas, aerospace, professional services, and
Launched ten new Nanodegree programs: AI Programming With Python,
Artificial Intelligence for Trading, Blockchain Developer, Computer
Vision, Data Scientist, Deep Reinforcement Learning, Flying Car,
Google Analytics, Natural Language Processing, and Programming for
Expanded career services and launched 12 free career courses, built in
collaboration with Google, with nearly 100,000 enrollments.
Added more than 50 new partnerships, including IBM, Facebook, Unity
and Infosys for a total of more than 200 industry partners.
Funded over 1.1 million new partial and full scholarships to its
programs for students across North America, Europe, the Middle East
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:
Named to Inc.5000
fastest-growing private companies in America.
- Rose to #8 on the 2018 CNBC Disruptor 50 list, up from #10 in 2017.
Hiring Challenge to qualify graduates for interviews at one of
Silicon Valley’s leading mobility start-ups.
Partnered with Bertelsmann
to fund 15,000 Data Science Scholarships around the world.
Introduced the PyTorch
Scholarship Challenge to offer 10,000 participants the opportunity
to acquire skills in deep learning using PyTorch, and earn a full
scholarship to Udacity’s Deep Learning Nanodegree program.
Udacity executives will be presenting at the following upcoming events:
Times Global Business Summit, Feb 22, Taj Palace, New Delhi, India
Street Journal CIO Network, February 25, Hotel Nikko, San
- KeyBanc Emerging Technology Summit, February 26, San Francisco, Calif.
York Times New Work Summit, February 26, Half Moon Bay, Calif.
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.