Pluralsight raises $135M, approaching $1 billion valuation

by in — August 27, 2014 9:35 am

Pluralsight, the Farmington-based online developer training platform, has raised $135 million in Series B funding. The round was led by Insight Venture Partners with participation from ICONIQ Capital and Sorenson Capital. The new round gives Pluralsight a valuation close to $1 billion, TechCrunch reported.

The company previously raised a $27.5 million Series A in January 2013, which they used to acquire four companies and expand its library to over 3,000 courses. This makes Pluralsight the world’s largest curated e-learning library, surpassing Lynda.com and Codecademy, the company said in a statement.

“Pluralsight is at an inflection point, and this funding will exponentially fuel our growth in the enterprise space, providing businesses with innovations in interactivity and measurable learning outcomes,” said Aaron Skonnard, CEO of Pluralsight in a statement. “We couldn’t have selected a better group of strategic partners to invest in the company’s vision, giving us even deeper financial market expertise, access to some of the most influential players in Silicon Valley and a broader reach throughout the entire tech community.”

The investment is one of Utah’s largest private rounds and will be used to fuel growth in new content areas, according to the company’s statement.

Pluralsight recently opened a new office at Farmington Station.

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