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|Available in||English French Spanish Turkish Portuguese German|
|Founded||May 11, 2010|
|Key people||Gregg Coccari (CEO)|
|Alexa rank||166 (September 2019[update])|
Udemy.com is an online learning platform aimed at professional adults and students.
Udemy, a portmanteau of you + academy, has more than 30 million students and 50,000 instructors teaching courses in over 60 languages. There have been over 245 million course enrollments. Students and instructors come from 190+ countries and 2/3 of students are located outside of the U.S. Udemy also has over 4,000 enterprise customers and 80% of Fortune 100 companies use Udemy for employee upskilling (Udemy for Business). Students take courses largely as a means of improving job-related skills. 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 2019, there are more than 130,000 courses on the website.
In 2007, Udemy (you-de-mee) founder 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. The site was launched by Bali, Oktay Caglar and Gagan Biyani in early 2010.
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. Based on this favorable market reaction, they decided to attempt another round of financing, and raised $1 million in venture funding by August.
In December 2012, the company raised $12 million in Series B funding led by Insight Venture Partners, as well as Lightbank Capital, MHS Capital and Learn Capital, bringing Udemy's total funding to $16 million.
In June 2015, Udemy raised a $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.
On February 5, 2019, Udemy announced that the board of the company has appointed Gregg Coccari as its new chief executive officer.
Udemy serves as a platform that allows instructors to build online courses on topics of their choosing. Using Udemy's course development tools they can upload video, PowerPoint presentations, PDFs, audio, zip files and live classes to create courses. Instructors can also engage and interact with users via online discussion boards.
Courses are offered across a breadth of categories, including business and entrepreneurship, academics, the arts, health and fitness, language, music, and technology. Most classes are in practical subjects such as Excel software or using an iPhone camera. Udemy also offers Udemy for Business, enabling businesses access to a targeted suite of over 3,000 training courses on topics from digital marketing tactics to office productivity, design, management, programming, and more. With Udemy for Business, organizations can also create custom learning portals for corporate training.
In April 2013, Udemy offered an app for Apple iOS, allowing students to take classes directly from iPhones; The Android version was launched in January 2014. As of January 2014, the iOS app had been downloaded over 1 million times, and 20 percent of Udemy users access their courses via mobile. In July 2016, Udemy expanded their iOS platform to include Apple TV.
Massive open online course (MOOC)
Udemy has been discussed in The New York Times, The China Post, Fast Company, the BBC, YPN and TechCrunch, with Mashable noting "Udemy offers an experience that rivals the real classroom, and should prove to be a useful utility for teachers and students of all subject matters."
Noted businessman Jack Welch has developed an online MBA program, offered through the Jack Welch Management Institute (JWMI) at Strayer University, which acquired JWMI assets in November 2011. Udemy became the MOOC platform for the institute's Welch Way courseware in November 2012, and promoted this Jack Welch connection.
In November 2015, Udemy was accused of publishing and profiting from pirated courses. The CEO at the time, Dennis Yang, responded to the accusations in a blog post and stated that Udemy did not profit from that instance of piracy.
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