Technological skill-building start-up(by InterviewBit) announced the acquisition of an online learning platform for $50 million to strengthen its Data Science, AI and ML offering. This is the third acquisition for Scaler. In 2021, they acquired and to accelerate the growth of their business.
Launched in 2019 by Abhimanyu Saxena and Anshuman Singh, Scaler is an edtech startup focused on upskilling students and tech professionals in the country.
Scaler is backed by renowned global investors such as Sequoia Capital India, Tiger Global and Lightrock India. It recently raised $55 million in Series B funding from Sequoia Capital India, Tiger Global and Lightrock India. The young edtech brand is currently valued at $710 million.
Abhimanyu Saxena, co-founder of Scaler
Announcing the acquisition, Abhimanyu Saxena, co-founder, Scaler & InterviewBit, said: “We are delighted to welcome the AppliedRoots team to the Scaler ecosystem. All co-founders have extensive experience in software development, AI & ML and the technology industry. some information.”
“We feel a powerful synergy with their team, their ideas and their goals. Together, we can accelerate the pace at which we can help aspiring technology professionals develop and create meaningful and rewarding careers. As we build in a world-class virtual technology university, their experiences will be very useful. This acquisition will allow us to strengthen our Data Science, Machine Learning & Artificial Intelligence offering and help us tap into a much broader learner base,” he said. -he adds.
AppliedRoots, a company started by a team of six – Srikanth Varma Chekuri, Murali Krishna Varri, Naveen Reddy Bade, Brahma Reddy, Srinivas Reddy and Satish Atcha, is known for its flagship product AppliedAICourse.
After the acquisition, the six co-founders will join Scaler and lead various projects. A large majority of the AppliedRoots team will be working with the Scaler DS&ML vertical. Some team members will also rely on vertical content – Scaler Topics. The AppliedRoots team will also lead new initiatives and programs that are planned later in the year.
AppliedRoots co-founder Srikanth Verma Chekuri said:
“We started AppliedRoots to democratize higher education with phenomenal quality and mentorship, and our vision aligns perfectly with Scaler’s. Like them, we’re also obsessively focused on learner success, which is one of the main reasons we are excited to join the mission.”
“Our immediate focus will be to support ongoing efforts and projects in the Data Science & ML team. We will also integrate a separate Data Analyst sub-track into the Data Science curriculum. Scaler has a team focused on mission and at high capacity, and we look forward to working with them. It’s an exciting time in the edtech space in the country, and we’re very optimistic about what we can achieve together. We aspire to build the best DS&ML programs in the world,” he added.