Simplilearn raises USD 45 million from a consortium

Simplilearn

Simplilearn, the homegrown online Bootcamp for digital skilling & training, announced that it has raised USD 45 million in a fresh round of funding from a consortium led by GSV Ventures. The fresh round of funding also saw participation of Clal Insurance, and DisruptAD, ADQ’s venture platform.

Simplilearn offers digital skilling programs for professionals, enabling learners to upskill and get certified in fast-growing digital domains. It creates these programs in collaboration with renowned educational institutions such as Caltech CTME, MIT Schwarzman College of Computing, UMass Amherst and the Isenberg School of Management, Purdue University, Wharton Online, IIT Roorkee, and IIT Kanpur, and companies such as IBM, Microsoft, Amazon, Meta, and KPMG.

Speaking on this round of funding, Krishna Kumar, Founder & CEO, of Simplilearn said, “We continue to witness the accelerated need for digitally skilled workforce across industries and Simplilearn continues to be focused on bridging the digital skill gap. Continuing on our path of mindful growth, we are grateful for how far the company has come today. The Blackstone investment last year came at an ideal time to boost our growth globally, and further strengthen our customer-centric approach. Today, we are excited to partner with GSV Ventures, a globally recognized investor with a strong track record in the education sector, along with a strong set of co-investors in Clal Insurance and DisruptAD. This funding came at a time when the industry is going through turmoil and stands as a testimony to our steady, profitable growth.”He further added,“We believe GSV Ventures, Clal Insurance, and DisruptAD will bring value to our company given their experience, scale, and global network which will further enhance our efforts towards growing Simplilearn and sustaining our leadership, globally. We also thank our existing investor, Blackstone, for their resolute support and trust in our journey of becoming a market leader.”