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Udacity raises $75M in debt, says its tech education business is profitable after enterprise pivot

techcrunch.com

Udacity, the provider of online education which popularized the concept of nanodegrees, has made a pivot to enterprise services, targeting government and business clients looking to help their employees to upskill. Its customers include large companies in the aerospace, professional services, and pharmaceutical fields, as well as branches of the United States Department of Defense and agencies of other national governments. Udacity has secured a $75M debt facility, which it will use to continue its marketing to enterprise customers.

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