Monday, November 23, 2015

Online Education Company Udacity Is Tech's Latest Unicorn - Leena Rao, Fortune

Online education startup Udacity has raised a huge new round of funding that, according to a source close to the company, values the business at around $1 billion.With nanodegrees that come with feedback and mentoring, the completion rate is 90%, Thrun has said. Under the latest strategy, Thrun said that Udacity’s revenue is growing nearly 30% month over month and is profitable. He declined to disclose any more detailed financial information but one source pegged the company’s revenue annual revenue run rate at around $24 million. http://fortune.com/2015/11/11/udacity-funding/

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