In the digital age, upskilling is key, and Simplilearn stands out by offering globally-recognized certifications. Read more to understand the powerhouse that has reshaped online professional training.
Background Story
Simplilearn is a digital skills provider that was founded in 2010 by Krishna Kumar, Kashyap Dalal, Archana Krishna, and Anand Narayana. The company is based in San Francisco, California, and Bangalore, India. Simplilearn is a Blackstone company and is the world’s #1 online Bootcamp for digital economy skills training. The company’s programs are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders.
Target Customers
Simplilearn’s target customers are learners across the globe who are looking to acquire digital skills to achieve their career goals faster. The company offers a wide range of programs and certifications that empower learners to upskill and reskill in areas such as cybersecurity, cloud computing, data science, digital marketing, and project management. Simplilearn’s customers include individuals, small and medium-sized businesses, and large corporations.
Featured Customers
Simplilearn has a diverse customer base that includes some of the world’s leading companies. Some of the featured customers of Simplilearn include IBM, Microsoft, Amazon, PwC, Deloitte, and Accenture. These companies have partnered with Simplilearn to provide their employees with the digital skills they need to stay competitive in today’s fast-paced business environment.
Funding, Capital Raised, Estimated Revenue
Simplilearn has raised a total of $80.3 million in funding to date. The company’s latest funding round was a Series E round in November 2022, where it raised $45 million. Simplilearn’s valuation as of November 18, 2022, was $605 million. The company’s estimated annual revenue as of March 31, 2022, was $66.2 million. Simplilearn aims to earn net revenue worth $500 million by the end of FY26.
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Products and Services
Simplilearn offers a wide range of products and services that are designed to help learners acquire digital skills. The company’s programs and certifications are delivered via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. Simplilearn’s programs are designed and delivered with world-renowned universities, top corporations, and leading industry bodies. The company offers programs in areas such as cybersecurity, cloud computing, data science, digital marketing, and project management.
Simplilearn’s products and services include:
- Certification Training: Simplilearn offers certification training in various digital skills such as cybersecurity, cloud computing, data science, digital marketing, and project management. The company partners with leading certification bodies to provide learners with globally recognized certifications.
- Postgraduate Programs: Simplilearn offers postgraduate programs in collaboration with leading universities. These programs are designed to provide learners with in-depth knowledge and skills in specific areas of digital technology.
- Job-Guaranteed Programs: Simplilearn offers job-guaranteed programs in collaboration with leading corporations. These programs are designed to provide learners with the skills and knowledge they need to secure high-paying jobs in the digital technology industry.
- Corporate Training: Simplilearn offers corporate training programs to help businesses upskill and reskill their employees in digital technology. The company partners with leading corporations to provide customized training programs that meet their unique needs.
Competitors
Simplilearn faces competition from various digital skills providers. Some of the company’s main competitors include:
- Pluralsight Skills
- LinkedIn Learning
- Udacity
- Udemy Business
- Cloud Academy
- CBT Nuggets
- Infosec Skills
- TalentLMS
- Product Marketing Alliance
- Litmos
Pros and Cons of Simplilearn
Pros
- Mandatory Video Watching: Simplilearn ensures that users watch the entire video content by preventing users from skipping videos. This ensures that users get the full value of the content and don’t miss out on any critical information.
- Comprehensive Testing: The platform requires users to take tests based on real-life job experiences, ensuring that learners can apply the knowledge they gain.
- Partnerships with Reputed Universities: Simplilearn’s association with top-notch universities, such as Purdue, adds credibility to the platform and its courses.
- Flexible Payment Options: Simplilearn offers multiple payment options, including splitting payments into monthly installments.
- Broad Course Range: There are various courses available at different price ranges, catering to a wide audience.
- Ease of Use: Simplilearn’s platform is user-friendly, intuitive, and easy to navigate.
- Accredited Certifications: Most of the certifications provided by Simplilearn are recognized and accredited by various institutions.
- Hands-On Exercises: The platform provides hands-on exercises to help users understand the objectives.
- Live Virtual Classrooms: Simplilearn offers live virtual classrooms and doubt-clearing sessions, enhancing the learning experience.
Cons
- Time Restrictions: Some courses have a limited time frame, which can be challenging, especially given the vast course material. This might not be ideal for users taking more than one course at a time.
- No Pausing: Users can’t pause their course if they need a break for a couple of months.
- No Discounts on Renewal: Simplilearn doesn’t offer discounts when renewing products.
- Limited Free Content: The basic courses are free but might lack in-depth content. Users only get a basic certificate for completion and are asked to subscribe for the main certification.
- Comparison with Competitors: Some users feel that other platforms offer better tools and faster support compared to Simplilearn.
