Udacity was founded in 2011 by by Sebastian Thrun, David Stavens, and Mike Sokolsky. While discussing equity term sheets, CEO Gabe Dalporto alluded to a potential future public listing when he told TechCrunch "For the foreseeable future, we are cash flow positive...we might do something closer to an IPO." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Udacity is an online learning platform that offers "Nanodegrees" in a wide range of tech-related fields. The company states that "three of the Big Four professional services firms, the world’s leading pharmaceutical company...and three of the four branches of the United States Department of Defense" use the platform, working with closely Udacity to create courses to meet their training and education needs. In 2017 the company acquired Terminal.com, a software and AI provider that specializes in educational technology. The company has received over $240 million in funding and had a post-money valuation of $1 billion in 2015.