Yoodli, a Seattle-based startup, focuses on AI-powered coaching solutions. In less than half a year, it has managed to do so quite successfully, more than tripling its valuation and exceeding $300 million. This amazing growth comes on the heels of a huge $13.7 million Series A funding round. WestBridge Capital Managers was the lead in this funding round, which closed in May. With this latest funding round, Yoodli has raised almost $60 million in total funding, a remarkable sign of investor faith in Yoodli’s innovative platform.
Yoodli was started to help organizations like yours level up their training approaches. They focus on building the most customizable solution on the market that can adapt to any coaching model. The platform supports delivery across many industries, including executive leadership coaching, market entry readiness, and distribution channel certification. Notable clients include coaching firms such as Franklin Covey and LHH, which utilize Yoodli’s technology to improve their training programs.
That time and effort paid off, as Yoodli’s strong product-market fit is reflected in its outstanding 900% year-over-year growth in average recurring revenue. The company recently announced that demand for role-plays on its platform has surged by 50%. Users spent 50% more time practicing compared to. These stats further demonstrate how Yoodli’s unique approach is making impactful and engaging learning experiences more effective.
Varun Puri, co-founder of Yoodli, underscored the transformative potential of AI to create low-stakes training environments.
“I philosophically believe that AI can get you, let’s call it from a zero to an eight or a zero to nine,” – Varun Puri.
He acknowledged that the previous approaches to training mostly focused on static, long-form content that didn’t engage participants.
“In the old world, companies would be training people using static, long-form content or passive videos that we’d all watch at 4x–5x speed, just to get the thing done,” – Varun Puri.
Unlike most of its competitors, Yoodli offers extensive customization. This deeper, tailored approach to targeted enterprise training verticals allows organizations to easily map the use of the platform into their current workflows. This flexibility has been a key competitive advantage for companies. For the first time, they can measure their training effectiveness and efficiency while still achieving their individual training missions.
With much enthusiasm for the future, Yoodli hopes to grow its diverse workforce even further. The startup will be hiring across its product development, AI research, and customer success teams. Today the small company has about 40 full-time staff. It is certainly primed for further expansion as it continues to scale its operations and hone its product.
That’s because corporate America is abuzz with a growing movement toward training that actually works. These organizations are hungry for new, creative methods to better connect with their employees and improve their skills. Yoodli’s technology is aligned with the demand for better employee training. It further stands at the forefront of what are sure to be continued seismic shifts in the development environment.
