Existing Investors Back Galvanize's Continued Business Growth in Technology Workforce Development

Company's Increasing Share of Enterprise Customers and Growing Consumer Sector Attracts $7 Million

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Oct 17, 2017, 19:02 ET

DENVER, Oct. 17, 2017 /PRNewswire/ -- Galvanize, the learning community for technology that offers education skilling programs in key technical disciplines and entrepreneur-focused workspaces, today announced a $7 million investment led by existing investors ABS Capital Partners and University Ventures.

The funding will be used to fulfill strong demand for Galvanize's consumer and enterprise focused-technology education and training programs. The Company's offerings in software development, data science and machine learning directly address the increasing skills needs for developing tech talent in the global economy. In the past year, Galvanize has worked with a growing list of Fortune 500 companies, including McKesson, Amazon, IBM and Allstate, on technology workforce development and training programs.

Galvanize, which this month celebrates its fifth birthday, is poised to teach record amounts of students and employees of large enterprise organizations across its program offerings. The Company's development of its proprietary, tech-enabled Learn platform provides a blended-learning environment (in-person and online) that combines scalable program delivery with dynamic assessments for mastery tracking of technical competencies.

"The acceleration of technology and requirements to enable a digital workforce are key trends related to our ten-fold growth over the last three years," stated Lawrence Mandes, Galvanize President and Co-Founder. "The ability to serve as a conduit for providing new tech talent, as well as working closely with large enterprises to up-skill existing technical teams, positions Galvanize as a leader in technology workforce development."

"Galvanize has had strong top-line growth and continues to be a leader in providing programs aimed at both consumers and enterprise organizations," said Paul Mariani, General Partner with ABS Capital and Galvanize Board Director. "In particular, we have seen Galvanize's growing engagement with Fortune 500 companies and believe that offers the Company significant opportunity to partner on digital transformation-related efforts that require technology talent strategies and solutions."

About Galvanize

Galvanize is a 21st Century school for data scientists, engineers and entrepreneurs. On eight campuses across the U.S., students, startup members and large enterprises are at the heart of a dynamic learning community. Our faculty and flexible blended-learning platform, combining online education and in-person training, provide the most relevant and in-demand technology skills for both consumers and larger enterprise organizations. Our members include first-time entrepreneurs, growing startups, and Fortune 500 companies all looking to "level up." Become a member or enroll in a course by visiting the Galvanize website.

SOURCE Galvanize