Friday, June 04, 2021

Aussie Online Training Startup sells to USA Pluralsight for $2 billion




Melbourne brothers Sam and Ryan Kroonenburg have struck it rich after their online learning startup was snapped up by US giant Pluralsight in a deal that values the company at more than $2 billion.

The Kroonenburg brothers started A Cloud Guru just over five years ago after Sam built the online training provider in four weeks from his bedroom. It has grown to $116 million in revenue driven by the shift to online education and cloud storage.

A Cloud Guru teaches people how to use cloud platforms such as Amazon Web Services, Microsoft Azure and Google Cloud Platform and has more than 2.5 million users around the world. The startup is backed by local venture capital firm Airtree Ventures alongside US-based Summit Partners and Elephant, and has raised a total of $55 million in funding.

https://apple.news/AzHVK-d2dSh2wSfc2hjohBw

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