Bengaluru-based technology-education company Simplilearn has concluded a $15 million (Rs 95 crore) Series C round of funding led by Mayfield Fund, with existing investors Kalaari Capital and Helion Venture Partners participating in the round. Simplilearn has raised a total of $27 million (Rs 170 crore) from investors so far.
Simplilearn, founded by technology professional Krishna Kumar six years ago, offers a multitude of training and IT certifications in areas like advanced cloud computing and six sigma, through a combination of online classes and in-person workshops. The company offers over 200 courses through its network of over 2,000 qualified trainers.
“We want to deploy the money to scale our business and invest in enhancing our technology platform. Traditionally, we have been strong in certifications related to project management, ScrumMaster, big data and Hadoop. We will invest in diversifying our courseware that would include digital marketing,” said Krishna Kumar.
Simplilearn is also setting up a studio in the US to create video content with the help of technologists and experts based there. “We have already trained 4 lakh people in the last five years. Currently, we train about 20,000 people every month and about 60% of them are from the US. Security-related certification is also becoming a key aspect in the US. We are also looking at adding a lot of courses related to IT security,” Kumar said.
Vishal Dixit, partner at Mayfield Fund’s advisor, MF Advisors, said, “Simplilearn is a company with a strong management team and we believe it offers young professionals a powerful commercial and social proposition. There is an increasing acceptance for virtual learning and Simplilearn has a differentiated play with a sharp focus on offering IT training and certification.”