SCALER LAUNCHES LEADING ONLINE EDTECH PLATFORM IN THE U.S.
Mumbai, June 9, 2022 – Scaler, one of the fastest-growing edtech startups in India, today announced the launch of its groundbreaking education platform in the U.S., that will feature industry veterans from some of the world’s leading tech companies including Amazon, Google, Meta, Microsoft and Netflix serving as instructors, mentors and career coaches.
Designed for software professionals, Scaler is an upskilling platform that provides unrivaled, hands-on learning experiences through a modern curriculum that exposes learners to cutting-edge technologies.
Based in Bengaluru, India, Scaler was founded in 2019 to help computer science professionals become high-quality software engineers. Since then, the company has seen incredible growth, with more than four million people accessing its content and over 16,000 paid learners across the country. Scaler recently commissioned the “Scaler Placement Assessment Report” in association with KPMG that ascertained that paid learners enrolled in Scaler programs have a job placement rate of nearly 95%, with a 130% average increase in their salaries. The average hike in salaries received after joining the new company stands at 67.8%, with 31.8% of alumni being promoted in the job they joined post Scaler.
“After achieving unprecedented success in India, combined with the widening demand for skilled tech workers in America, it’s an exciting time to officially launch our groundbreaking education platform stateside. We see an incredible opportunity to develop best-in-class engineers and help them maximize their career potential,” said Scaler co-founder Abhimanyu Saxena. “As we continue growing our business, we hope to provide millions more aspiring software engineers across the U.S., and eventually the world, with the opportunity to learn new skills, expand their talents and position themselves for long, prosperous careers in the tech industry.”
Scaler’s U.S. program launches with its Scaler Academy curriculum, which was created specifically for those who are already adept at coding and looking to enhance their skills to become elite software engineers. As the program matures, Scaler will introduce additional programs to its U.S.-based learners, including Scaler Data Science and Machine Learning.
Scaler is backed by Lightrock India, Sequoia Capital India and Tiger Global and recently completed a Series B funding of $55 million. After being valued at $110 million two years ago, the current valuation of Scaler has soared to $710 million.
“I have been engaging with Interviewbit since 2016. I used their platform to prepare for my SDE interviews back in the day. Once Scaler was launched, I got on board as a mentor to help others like me with their career goals in the technology industry. The learners that are part of the Scaler ecosystem are dedicated, motivated and talented. All they need is some support and guidance to help them succeed. And I get a lot of satisfaction from being part of their growth journey by mentoring them to be their best. It is my way of giving back to the community. The Scaler programs are very detailed and industry-focused – they teach critical topics like system design and DSA – that are key for software engineers to succeed in the workplace where they are working with real-world problems on an enormous scale. Scaler has built a solid offering that includes an updated curriculum, robust mentorship and teaching support, live masterclasses with industry leaders, and a focus on the application of knowledge through projects and assignments along with career support. It is beneficial for aspiring engineers to build a scalable and successful tech career.”– Sumaithri M., Mentor at Scaler Inc, currently working as a Principal Software Engineer at Gopuff, earlier worked as Software Engineer with Facebook for over 3 years.
To further strengthen the footprints across the country Scaler has also appointed Parminder Singh, in the capacity of Head – US, InterviewBit & Scaler Academy. With over a decade of experience and in-depth understanding of the technology landscape, Mr Singh will chart the growth trajectory for Scaler in the new region. He started his career working in machine learning and mobile engineering in 2009 and has held leading positions in organizations such as Tachyon Technologies, Rediff.com, and Flipkart. Parminder also co-founded Hansel.io, a mobile digital adoption platform that allows product managers to orchestrate in-app user journeys without writing a single line of code. The start-up did exceptionally well in South East Asia and US and was eventually acquired by NetcoreCloud.com.
The U.S. Bureau of Labor Statistics projects that employment in the software development industry will grow by 22% by 2030. Globally, experts predict there will be 45 million active software developers by 2030, a 67% increase from the end of 2021, according to Slashdata. Despite this growing need, the number of employable and skill-ready engineers remain unsustainably low across the globe – barely a few million. These stats underscore the glaring need for programs that enable tech professionals to build their skills and capitalize on the growing market need.
For the nine-to-eleven month program in the U.S., each student is assigned a Teaching Assistant who helps them throughout their program, in addition to receiving access to more than 2,000 working professionals from top software companies worldwide.