Schwartz was loath to share any additional metrics, but did say they hope to use this money to grow 10x over the next several years. Its approach seems to be working with the company reporting it has 106,000 customers across 161 countries including every single one of the Fortune 100. The other is aimed at SMBs or departments in an enterprise. Articulate actually has two main products, one is a set of tools for companies building training that connects to an enterprise learning management system or LMS.
Today it is a software service with the goal of helping enable everyone to deliver training, even if they aren’t a training professional. He says that the company started back in 2002 as a plug-in for PowerPoint.
“Our software enables organizations to develop, deliver, and analyze online training that is engaging and effective for enterprises and SMBs,” Schwartz explained. GA claims it’s one of the largest A rounds ever, and I’m willing to bet it’s right.ĬEO Adam Schwartz founded the company with his life savings in 2002 and hasn’t taken a dime of outside investment since. General Atlantic led the round with participation from Blackstone Growth and Iconiq Growth. You can call it Series A if you must label it, but whatever it is, it’s a hefty investment by any measure. But Articulate, a SaaS training and development platform, is not your typical company and today it announced a whopping $1.5 billion investment on a $3.75 billion valuation.
Most companies don’t announce their first venture investment after almost 20 years in the business, nor do they announce that round is the equivalent of a good startup’s entire private fundraising history.
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