Online Learning Update

September 30, 2014

E-Learning Startup Udacity Raises $35M to Launch ‘Nanodegrees’

Filed under: Online Learning News — Ray Schroeder @ 12:04 am

By LIZETTE CHAPMAN, Wall Street Journal

Udacity Inc. has secured $35 million, the latest e-learning startup to raise funding in a growing cluster that has raised hundreds of millions from venture investors in a bid to redefine the way people learn. Unlike crowdsourced learning marketplaces like Udemy Inc. and Skillshare Inc., which invite the masses to teach a variety of skills, Udacity works with corporate partners to create online courses to train future employees. And while companies like the Minerva Project Inc., Coursera Inc., Khan Academy and others aim to upend the traditional college experience, Udacity targets college grads and is built with the help of industry partners seeking skilled employees. Those partners, a list of roughly 20 that now includes Google Inc., Facebook Inc., Cloudera Inc. and Salesforce Inc., provide the content and pay Udacity to develop online classes and verify knowledge upon graduation.

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