FOR IMMEDIATE RELEASE
ST. PETERSBURG, FLORIDA, January 14, 2016 — In the latest ULearning News, the company building the largest distribution platform for online education, providing people real-world learning opportunities and connecting them with real-world earning opportunities commented on the $105 million dollars of investment received by Udacity, in deference to ULearning that is making a difference for people with no outside grants or investments from hedge funds or private equity groups.
The Wall Street Journal, Reuters and other news outlets reported that in the last quarter Udacity recently took in another $105 million dollars of investment to fund their online education platform from a range of venture capital firms to value Udacity at $1Billion. Online education now represents more than 30% of all post secondary education and Udacity, which was started less than 3 years ago, is one of the early entrants capitalizing on the trend.
ULearning, started in 2015, has been taking a different approach than some of the early online education entrants that have taken in hundreds of millions of dollars from hedge funds and other investment groups. ULearning in contrast is 100% self-funded and as such can focus solely on making a real impact on learning and job opportunities in a pure, unfettered and unsullied manner.