Pluralsight: Difference between revisions

Revision as of 12:40, 21 July 2021

Revision as of 18:56, 21 July 2021

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==Venture funding==

When Pluralsight first started, its four founders each contributed $5,000. For the first nine years, the company and its founders received no outside funding.<ref>{{cite web | url=https://beehivestartups.com/blog/rise-pluralsight/ | title=The Rise of Pluralsight | publisher=Beehive Startups | date=2015-02-04 | author=Rawle, Christopher}}</ref> {{As of|2015|March}}, the company has received $169 million in [[Venture capital financing|venture funding]].<ref>{{cite web | url=http://www.crunchbase.com/organization/pluralsight | title=Pluralsight - CrunchBase | publisher=[[TechCrunch#CrunchBase|CrunchBase]]}}</ref>

In December 2012, the company raised $27.5 million in [[Series A round|Series A funding]] from [[Insight Venture Partners]].<ref name="Perez1" /> On March 18, 2014 it received an additional $2.5 million in Series A Funding.<ref>{{cite web | url=http://www.crunchbase.com/funding-round/8afaf232a8fb98bb3674da5e2f9cbf7b | title=Mar 18, 2014: Pluralsight - Funding Round - Series A - CrunchBase | access-date=2014-09-12cn}}</ref> On August 27, 2014, it received $135 million in [[Series B funding]] from Insight Venture Partners, [[ICONIQ Capital]], and Sorenson Capital—reported at the time to be the largest venture funding round ever received by a Utah company.<ref name="Kolodny1">{{cite web | url=https://blogs.wsj.com/venturecapital/2014/08/27/e-learning-co-pluralsight-raises-135m-in-record-round-for-utah/ | title=E-learning Co. Pluralsight Raises $135M in Record Round for Utah | publisher=[[The Wall Street Journal]] | date=2014-08-27 | author=Kolodny, Lora}}</ref> Co-founder and CEO Aaron Skonnard stated that after this round of funding, the company's [[Valuation (finance)|valuation]] had increased from less than $100 million in 2012 to nearly $1 billion.<ref name="Eugene1">{{cite web|url=http://www.businessinsider.com/pluralsight-is-worth-almost-a-billion-dollars-2014-8|title=Pluralsight Is Worth Almost A Billion Dollars - Business Insider|author=Kim, Eugene|publisher=[[Business Insider]]}}</ref>

In December 2016, the company raised an additional $30 million in a Series C round<ref>{{Cite web|url=https://www.crunchbase.com/funding_round/pluralsight-series-c--5579427f|title=Series C - Pluralsight - 2016-12-12 {{!}} Crunchbase|website=Crunchbase|language=en|access-date=2017-10-20}}</ref> that valued the company over $1 billion.<ref>{{Cite news|url=https://www.cnbc.com/2016/12/12/riding-salesforce-and-amazons-cloud-to-1-billion.html|title=Riding Salesforce and Amazon's cloud to $1 billion|last=Levy|first=Ari|date=2016-12-12|work=CNBC|access-date=2017-10-20}}</ref> The round included funding from existing investors Insight Venture Partners and Iconiq Capital.<ref>{{Cite news|url=https://www.edsurge.com/news/2016-12-13-on-way-to-ipo-pluralsight-raises-additional-30-million|title=En Route to IPO, Pluralsight Raises Additional $30 Million - EdSurge News|date=2016-12-13|work=EdSurge|access-date=2017-10-20|language=en-US}}</ref>

==Acquisitions==

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On January 26, 2015, Pluralsight announced its acquisition of [[Orlando, Florida|Orlando]]-based Code School, an online training site offering video courses and exercise-based lessons related to entry-level and intermediate coding and programming.<ref name="O'Connell1">{{cite web | url=http://www.fastcompany.com/3041515/fast-feed/pluralsight-continues-its-acquisition-spree-dropping-36-million-on-code-school | title=Pluralsight Continues Its Acquisition Spree, Dropping $36 Million On Code School | publisher=[[Fast Company (magazine)|Fast Company]] | date=2015-01-27 | author=O'Connell, Ainsley}}</ref> It was reported that the acquisition was for $36 million. Code School's office, and its team of 39 full-time employees, remain open in Orlando.<ref name="Perez2">{{cite web|url=https://techcrunch.com/2015/01/26/online-learning-service-pluralsight-acquires-code-school-for-36-million/|title=Online Learning Service Pluralsight Acquires Code School For $36 Million|author=Perez, Sarah|date=2015-01-26|publisher=[[Tech Crunch]]}}</ref> On July 9, Pluralsight announced its acquisition of [[HackHands]] for an undisclosed amount.<ref>{{cite web | first1=Kia | last1=Kokalitcheva | url=http://fortune.com/2015/07/09/education-company-pluralsight-acquires-hackhands/ | title=This company is adding on-demand help to win the online education race | publisher=[[Fortune (magazine)|Fortune]] | access-date=30 July 2015}}</ref> Founded in 2013, San Francisco-based HackHands provides on-demand live assistance for technology learners via video and audio chat, instant messaging, and screen sharing. The HackHands acquisition marked Pluralsight's seventh deal in two years.<ref>{{cite web|last1=Weber|first1=Harrison|title=Pluralsight snaps up HackHands to offer budding coders real-time support|url=https://venturebeat.com/2015/07/09/pluralsight-snaps-up-hackhands-to-offer-budding-coders-real-time-support/|publisher=[[VentureBeat]]|access-date=30 July 2015}}</ref>

On July 19, 2016, Pluralsight announced it had acquired Train Simple,<ref>{{Cite news|url=https://www.wsj.com/articles/ed-tech-startup-pluralsight-acquires-train-simple-latest-in-buying-spree-1468927801|title=Ed-Tech Startup Pluralsight Acquires Train Simple, Latest in Buying Spree|last=Haggin|first=Patience|date=2016-07-19|work=Wall Street Journal|access-date=2017-10-20|language=en-US|issn=0099-9660}}</ref><ref>{{Cite web|url=https://www.crunchbase.com/acquisition/pluralsight-acquires-train-simple--f0338b38|title=Pluralsight acquires Train Simple - 2016-07-19 {{!}} Crunchbase|website=Crunchbase|language=en|access-date=2017-10-20}}</ref> a video training company with a focus on [[List of Adobe software|Adobe software]].<ref>{{Cite news|url=https://www.edsurge.com/news/2016-07-19-pluralsight-s-eighth-acquisition-in-3-years-train-simple-focuses-on-adobe-software|title=Pluralsight's Eighth Acquisition in 3 Years, Train Simple, Focuses on Adobe Software - EdSurge News|date=2016-07-19|work=EdSurge|access-date=2017-10-20|language=en-US}}</ref>

On May 1, 2019, Pluralsight announced its acquisition of GitPrime, a developer team productivity tool, for $170 million in cash.<ref>{{Cite web|url=http://social.techcrunch.com/2019/05/01/pluralsight-will-acquire-gitprime-for-170m/|title=Pluralsight will acquire GitPrime for $170M|website=TechCrunch|language=en-US|access-date=2019-05-02}}</ref>