Corporate e-learning authoring platform Articulate raises $1.5B
Summary
Its core apps include Articulate 360 for authoring training courses, which companies can export to the web or host on their own learning management system (LMS). And then there is an all-in-one product called Rise, which not only includes tools for designing new courses, but also enrolling learners and tracking their progress, which might be better suited to smaller companies without their own LMS. Schwartz pointed to several “macro trends” that are driving demand for Articulate’s products, including the rise of remote work, which has been “deeply accelerated by Covid.” And then there is what he called the “consumerization of the enterprise,” where employees have become conditioned to quality user experiences (UX) in apps they use in their own lives such as Netflix and Facebook. Another trend Schwartz pointed to was the “democratization of training,” which essentially means that companies are increasingly open to workers from all disciplines becoming teachers in the workplace. While an extra $1.5 billion in the bank obviously gives Articulate a lot of financial muscle, Schwartz pointed to another key motivating factor in raising the funds now.
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