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U.S. software provider Articulate raises $1.5 bln in funding

July 1 (Reuters) - Software provider Articulate Global LLC said on Thursday it had raised $1.5 billion in funding, at a valuation of $3.75 billion.

The Series A funding round was led by New York-based equity firm General Atlantic and also saw participation from Blackstone Growth and ICONIQ Growth.

The proceeds will be used to expand footprint globally, New York-based Articulate said.

The company, which provides online training tools and e-learning authoring apps, has more than 106,000 customers, including organizations such as L’Oréal SA, CVS Health Corporation and Nestle S.A (Reporting by Tiyashi Datta in Bengaluru; Editing by Shinjini Ganguli)

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