LearnUpon has raised $56 million to build and develop digital learning management systems for corporate enterprises.
FREMONT, CA: LearnUpon, a startup that develops and provides e-learning solutions for enterprises, has secured $56 million as funds in its latest round of funding. The company would be investing the funded amount in catering to the growing demand for its solutions and tools in the U.S. market. The funding round was solely led by Summit Partners. In the U.S. market, LearnUpon has a value of 70 percent as its sales. The company would be further using the funds to expand its engineering and product teams by hiring more experts and also expand its expertise in areas such as data analytics.
Focusing on corporate training and development, LearnUpon aims at providing better, clearer, and smarter insights into how their training materials are used via its learning management system to corporate trainers. The company also envisions using the funds to add more specialists to its sales teams and bag a huge level of sales in the U.S. market.
Serving more than 1000 clients that include Booking.com, Twilio, USA Football, and Zendesk, all across the world, LearnUpon has been a successful player in the market since eight years. With its native SaaS model, the company has been seeing rigorous growth organically.
LearnUpon is a learning management system company that focuses on delivering solutions to corporate trainers and enterprises. The company works along the mission to deliver powerful training and learning experiences. By channelizing its expertise to revolutionize corporate learning, LearnUpon, with its proprietary platform, helps enterprises of all sizes to derive unique and brilliant training experiences and gain a competitive advantage over their competitors.