INSOFE valued at USD 33 Million – Founders & investors to swap shares into upGrad at a value of USD 2 Billion
ATLANTA, May 02, 2022– (BUSINESS WIRE) – With over 4000+ Alumni & 10,000 corporate learners along with 7 partnerships with leading universities around the world – INSOFE is ranked high for global excellence and the most sought-after destination for an undergraduate to doctoral education in ML , AI & Data Science.
INSOFE revenues will cross $ 13 Million (INR 100Crore) this year and is profitable.
With a presence in the USA, UK, France, Canada & India, what differentiates INSOFE is their thriving global corporate association for training, consulting, and research which enables their student programs to be practical and effective.
INSOFE partner university’s Bachelor’s to Doctoral program in ML & AI prepares learners for jobs of the future. Immediate synergies are that upGrad learners will get classroom options in several programs and INSOFE and ATLAS SkillTech University (sponsored and supported wholly by upGrad) will launch a series of specialized programs.
“INSOFE adds a strong R&D component in AI and ML to upGrad’s large education service basket and helps upGrad create very exciting novel services for corporations and students globally. INSOFE is the gold standard of excellence in these specialized areas and adds incredible value to upGrad as we combine forces, “said Mayank Kumar, Co-Founder & MD, upGrad.
“INSOFE’s depth in AI and ML coupled with upGrad’s partner and student base makes a powerful combination to assume a leadership position in AI education and research worldwide. We are very excited in coming together and leveraging our center of excellence right here in Hyderabad & Bangalore that will match up with anyone around the globe and in some of the most sought-after areas of specialization of the 21st Century, “adds Dr. Murthy, Co-founder, and CEO, INSOFE.
upGrad – started in 2015 is a pioneer in the online education revolution, focused on powering career success for a global workforce of over 1.3 billion. It is one of the few Integrated LifeLongLearning Tech Companies in the world – spanning the college learner to the working professional from the age group of 18-50 years and across Undergrad courses, Campus & Job Linked Programs, Studying Abroad, short form to executive programs to Degrees, Masters and Doctoral – with a learner base of over 2 million across 100+ countries and over 300 University partners and a robust enterprise business with a client base of 1000 companies worldwide.
upGrad’s Global Learning Engine rests on four pillars – (a) its large repository of original & owned content and IP, (b) its own best-in-class proprietary tech platform, (c) its high touch human led delivery service backed by coaches & mentors, and (d) an 85% course completion track record, backed by a further 80% career outcomes guaranteed performance.
Already termed Asia’s higher EdTech leader it has offices in the UK, US, Middle East, India, Singapore & Vietnam, and with a presence in many more countries.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220429005257/en/
upGrad | Neha Prasad | [email protected]