Online elearning is a popular way for people to improve their skills at home rather than having to go into college or university. OpenSesame an elearning company that specialises in courses for enterprise has announced that its recently raised $9 million USD in a Series B funding round led by Altos Ventures with continued participation from Partech Ventures.
The new funding with help to accelerate sales and marketing whilst supporting OpenSesame’s customer experience. The company will use the backing to continue global expansion and enhance product offerings in new training technologies like augmented reality (AR) and virtual reality (VR).
“OpenSesame has experienced tremendous growth in the last two years because leading organizations understand that simple and effective online training gives them a competitive advantage,” said OpenSesame’s CEO, Don Spear. “It is exciting to have Altos Ventures bring their deep experience to OpenSesame. Ho Nam’s insight and counsel on our Board of Directors will be a great addition.”
“Altos Ventures invests in companies that are leaders in their industry,” said Ho Nam, Managing Director for Altos Ventures. “OpenSesame’s continued growth with strong fundamentals, innovative market approach and accomplished management team is exactly what we look for in a strong partnership.”
Ho’s experience includes leading Altos’ investments in Axis Systems (Cadence), Enwisen (Infor), Evolve (Oracle), Pixo (Sun), SayNow (Google), and Yosemite Technologies (Barracuda Networks) among others.
OpenSesame has a catalogue of over 20,000 courses and continues to experience success in addressing the elearning course needs of leading enterprise companies such as Toshiba, Wyndham Hotel Group, CSX, Rheem and Estee Lauder.
As the company expands in to VR and AR for training, VRFocus will bring you the latest details.