November 15, 2017
Galvanize, the learning community for technology that offers education skilling programs in key technical disciplines and entrepreneur-focused workspaces, announced a $7 million investment led by existing investors ABS Capital Partners and University Ventures.
The funding will be used to fulfill strong demand for Galvanize’s consumer and enterprise focused-technology education and training programs. The Company’s offerings in software development, data science and machine learning directly address the increasing skills needs for developing tech talent in the global economy. In the past year, Galvanize has worked with a growing list of Fortune 500 companies, including McKesson, Amazon, IBM and Allstate, on technology workforce development and training programs.
This five-year-old company is poised to teach record amounts of students and employees of large enterprise organizations across its program offerings. The Company’s development of its proprietary, tech-enabled Learn platform provides a blending learning environment (in-person and online) that combines scalable program delivery with dynamic assessments for mastery tracking of technical competencies.
“The acceleration of technology and requirements to enable a digital workforce are key trends related to our ten-fold growth over the last three years,” stated Lawrence Mandes, Galvanize President and cofounder. “The ability to serve as a conduit for providing new tech talent, as well as working closely with large enterprises to up-skill existing technical teams, positions Galvanize as a leader in technology workforce development.”
Paul Mariani, General Partner with ABS Capital and Galvanize Board Director said,
“Galvanize has had strong top-line growth and continues to be a leader in providing programs aimed at both consumers and enterprise organizations. In particular, we have seen Galvanize’s growing engagement with Fortune 500 companies and believe that offers the Company significant opportunity to partner on digital transformation-related efforts that require technology talent strategies and solutions.”
Read about more capital raises on TechCo
Did you like this article?
Get more delivered to your inbox just like it!