IBL News | New York
Corporate collaborative SaaS platform 360Learning announced yesterday it raised $200 million. The funding round came from Sumeru, SoftBank’s Vision Fund 2, and Silver Lake Waterman. Existing investors include Bpifrance’s Large Venture fund, XAnge, and Educapital also participated in a previous funding round of $40 million.
The Paris-based company will use the capital infusion to hire more people, expand to new markets, and make some acquisitions.
360Learning lets content creators upload and mix different kinds of video and media, add questions, and work on a course with multiple people in the team.
Companies using this platform can build their own collection of courses and distribute it to all employees or a group of them specifically.
The company says that it uses artificial intelligence to identify courses that can be improved to fill gaps in information. Its AI tool also matches courses to employees.
The start-up claims to have 1,500 companies as clients, with LVMH, Aircall, Toyota, and Appen, among them.
They mostly use the platform for employee onboarding, software training, and various courses that help you get better at sales, leadership, and soft skills in general.