Articulate Global LLC, a cloud-based employee training software recently disclosed that it has landed $1.5 billion in funding. Growth equity firm General Atlantic has led the Series A round.
It is the first time Articulate has raised outside funding since its launch in 2002. Articulate provides two cloud services, and both have the same basic value proposition. The $1.5 billion funding places the company’s value at $3.75 billion.
The company plans to use the new capital to acquire more customers and expand its 300-strong workforce that is expected to triple over the next few years.
Read More At: siliconangle