Udemy, Inc. (/ˈjuːdəmi/ YOO-də-mee) is an education technology company, founded in May 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar. It is based in San Francisco, California, United States, with offices in Denver, Dublin, Austin, Melbourne, Ankara, Istanbul, Gurgaon, Mumbai, Chennai and Mexico City.[4] The platform hosts online courses, mostly connected to job-related skills.[5]

History

In 2007, Eren Bali and Oktay Caglar created a live virtual classroom while living in Turkey. They moved to Silicon Valley two years later, where they founded Udemy with Gagan Biyani in early 2010.[6] 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 in May 2010.[7]

Within a few months, 1,000 instructors had created about 2,000 courses, and Udemy had nearly 10,000 registered users. Based on the favorable market reaction, they attempted another round of financing, raising $1 million in venture funding by August.[8][9]

On April 22, 2014, the Wall Street Journal's digital edition reported that chief operating officer of Udemy, Dennis Yang, was named CEO, replacing Eren Bali.[10] In 2014, Forbes named Bali as part of their "30 Under 30" list.[11]

In November 2015, Udemy was accused of publishing and profiting from pirated courses on its platform.[12][13]

On February 5, 2019, Udemy announced that the board of the company appointed Gregg Coccari as its new chief executive officer.[14]

As of November 2020, Udemy had raised $273 million in funding from investors including Tencent Holdings. Its valuation was estimated at $3.25 billion.[15]

In 2020, Udemy Ranked on the Annual 'Change the World' List by Fortune.[16]

Udemy has not yet generated a profit as is common among high-growth startups who invest heavily in their own growth.[17] Udemy reported net losses of $69.7 million for 2019 and $77.6 million in net losses for 2020. In 2020, Udemy spent $192.6 million on marketing and advertising. By June 30, 2021, Udemy had an accumulated deficit of $407.9 million.[18]

On October 29, 2021, Udemy held their IPO in the US and is listed under the symbol UDMY.[19]

In 2024, Udemy announced that it would be cutting the percentage of revenues that academic labor received.[20]

Overview

Udemy is a platform that allows instructors to host online courses on their preferred topics. Instructors can upload videos and other educational material.[21] Courses are offered in various categories, including business, academics, health and fitness, and music.[21] Most classes are in practical subjects such as AWS and Azure training, Excel software or using an iPhone camera.[22]

Udemy has been described by some sources as a massive open online course (MOOC) platform, similar to platforms like Udacity and Coursera.[23][24] Courses on Udemy can be paid or free, depending on the instructor.[25] In 2015, the top 10 instructors made more than $17 million in total revenue.[26]

In April 2013, Udemy offered an app for Apple iOS, allowing students to take classes directly from iPhones;[27] The Android version was launched in January 2014.[28] 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.[29] In July 2016, Udemy's iOS platform includes Apple TV.[30]

See also

References

  1. ^ "Our origins". VentureBeat. 2016-06-02. Retrieved 2017-12-12.
  2. ^ a b c d e f "Udemy, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 25, 2022.
  3. ^ "Learn about Udemy culture, mission, and careers | About Us". Udemy About. Retrieved 2020-09-09.
  4. ^ "Connecting people with knowledge". about.udemy.com. Archived from the original on May 27, 2023. Retrieved May 27, 2023.
  5. ^ Lomas, Natasha (2014-05-08). "Online Learning Marketplace Udemy Raises $32M To Scale Up Internationally". TechCrunch. Retrieved 2025-03-09.
  6. ^ Eren Bali biography. Udemy.com.
  7. ^ "How Udemy got oversubscribed". Venture Hacks. 2010-09-10. Retrieved 2025-03-09.
  8. ^ Roushe, Wade (August 31, 2010). "Udemy Collects $1 Million to Expand Casual Learning Platform". Xconomy.
  9. ^ Wauters, Robin (2010-08-31). "Udemy Scores $1M In Seed Funding, Aims To Democratize Online Learning". TechCrunch. Retrieved 2025-03-09.
  10. ^ Kolodny, Lora (2014-04-22). "Udemy Appoints Dennis Yang CEO; Eren Bali Steps Aside to Lead Product". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-03-09.
  11. ^ "30 Under 30". Forbes.
  12. ^ Dave Lee (2015-11-30). "Anger at 'stolen' online courses on Udemy". BBC News. Retrieved 2015-12-05.
  13. ^ Amar Toor (2015-11-29). "Udemy faces criticism for profiting from pirated online courses". The Verge. Retrieved 2015-12-05.
  14. ^ Strickland, Brooke (2022-08-09). "Gregg Coccari came out of retirement to take Udemy to next level". www.bizjournals.com. Retrieved 2023-01-25.
  15. ^ Adams, Susan. "Udemy Adds More Than $1 Billion To Its Valuation In New Funding Round". Forbes. Retrieved 2025-03-09.
  16. ^ "Change the World". Fortune. Retrieved June 15, 2022.
  17. ^ "Udemy IPO: EdTech Unicorn Filing Information For Investors". seekingalpha.com. Seeking Alpha. Retrieved 20 October 2021.
  18. ^ "Form S-1 Registration Statement". www.sec.gov. Securities and Exchange Commission. Retrieved 26 October 2021.
  19. ^ "Education-Tech Company Udemy Falls in Debut After $421 Million IPO". Bloomberg.com. 2021-10-29. Retrieved 2024-11-18.
  20. ^ RL Insights. "Udemy: Focus On Profitability Via Reduction In Instructor Incentive". seekingalpha.com. Seeking Alpha. Retrieved 18 February 2024.
  21. ^ a b "Udemy Review". PCMAG. 2022-02-14. Retrieved 2025-03-09.
  22. ^ Finder, Alan (September 25, 2013). "A Surge in Growth for a New Kind of Online Course". New York Times. Retrieved 25 September 2016.
  23. ^ "What You Need to Know About MOOCs". Chronicle of Higher Education.
  24. ^ LEWIN, TAMAR (5 March 2012). "Instruction for Masses Knocks Down Campus Walls". New York Times.
  25. ^ Empson, Rip. "With Over 6,000 Courses Now Live, Udemy Brings Its Learning Marketplace To iOS To Let You Study On The Go". TechCrunch. AOL. Retrieved 4 May 2013.
  26. ^ Groden, Claire (June 22, 2016). "Udemy's Exodus, Amazon's Gain". Inverse. Retrieved 25 September 2016.
  27. ^ Grant, Rebecca (2013-04-02). "Udemy's new iOS app turns your phone into a 24-hour classroom". VentureBeat. Retrieved 2025-03-09.
  28. ^ Farr, Christina (15 January 2014). "Udemy launches its Android app to bring you online education on the go". VentureBeat.
  29. ^ Hockenson, Lauren (15 January 2014). "Udemy brings its education marketplace to Android". Gigaom.
  30. ^ Reisinger, Don (2022-09-14). "The best Apple TV apps and games right now". Tom's Guide. Retrieved 2025-03-09.
Allikas: http://en.wikipedia.org/wiki/Udemy
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