Pluralsight offers a library of over 5,000 online courses for software developers and IT pros to gain new skills, ranging from learning popular open-source languages and big data tools on Amazon Web Services to mastering the latest in cybersecurity and designing mobile games.
The explosive growth of technology platforms like AWS has driven Pluralsight's expansion, enabling the 12-year-old company to reel in a recent round of $30 million at a valuation exceeding $1 billion, CEO Aaron Skonnard told CNBC.com in an exclusive interview.
Pluralsight, based near Salt Lake City, is using the cash as part of its push beyond individual subscriptions and into big businesses, where a host of new web and infrastructure technologies as well as cyberthreats are forcing developers into a constant state of learning.
"We're covering every technology that we believe companies need to master," said Skonnard. He said Pluralsight has a team that's "at different conferences around the industry every week hunting for the very best experts in the tech space."
Pluralsight last raised money in 2014, a $135 million round led by Insight Venture Partners at a valuation of close to $1 billion. The latest funding was from Insight and another existing investor Iconiq Capital.
The new capital will allow the company to pay off some debt from acquisitions while maintaining a healthy amount of cash on its balance sheet as it hires more enterprise salespeople, Skonnard said. Annual revenue is $100 million to $200 million, and the company is driving toward an initial public offering, he said.