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Degreed sells software that helps big companies track and improve their employees' skills and learning.
Degreed is a software company that helps big organizations figure out what their employees know, what they need to learn, and how to close the gap. Instead of forcing workers through a single corporate training system, Degreed pulls learning from all over the place — online courses, articles, videos, internal company courses, even skills people pick up on the job — and puts it in one place. Employees use it to build a profile of their skills and find ways to grow; managers use it to see what skills their teams actually have.
The company makes money by selling subscriptions to businesses, not to individual people. A big employer pays Degreed a recurring fee, usually based on how many employees use the platform, and in return gets the software plus the data and reporting that come with it. This is a classic "enterprise software" business: the customer is the company's HR and learning department, and the product is sticky because once a company's skills data and learning records live inside Degreed, ripping it out is painful. Degreed competes in a crowded "learning and skills" software market. Rivals include big HR software suites that bolt on learning tools, and a growing pile of startups chasing the same "skills-first" idea — the notion that what you can actually do matters more than a job title or a diploma. Degreed has raised outside venture money to build out its platform and has made acquisitions to add capabilities, which is common for private software companies trying to grow fast before their bigger rivals do.
The honest picture is a young, venture-backed company selling into a real need — companies genuinely struggle to know what skills they have and which ones they'll need next. But it is also a crowded, fast-moving market, and Degreed has to prove it can keep customers paying year after year and stand out against much larger software players. Its core bet is that "skills" become the shared language for hiring, training, and career moves inside big companies — and that whoever owns that map becomes hard to replace.
Saved answer · last researched 15 Nov 2026