Udacity Achieved 100% Enterprise Revenue Growth, Expanded Learning Programs in 2018

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
worldwide.

“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
    telecommunications companies.
  • 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
    Data Science.
  • 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
    and Asia.

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:

Udacity executives will be presenting at the following upcoming events:

About Udacity

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.

Contacts

Leah Wiedenmann
415-612-0635
media@udacity.com

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