Bloom Institute of Technology

The online coding school that invests in you.

bloomtech.com

HQ: San Francisco, CA, USA; Remote

11-50

Education

Company research

Public company, workplace, funding, and market signals

Updated Jul 29, 2026

Overview

Bloom Institute of Technology (BloomTech), formerly Lambda School, is a San Francisco-based edtech company founded in 2017 that offers remote online coding bootcamps and AI-forward tech training, paired with intensive career support and outcome-based tuition financing.

Primary product

Online coding bootcamps and career-training programs for software, backend, data science, and AI-related roles

Founded

2017

Headquarters

548 Market St #69148, San Francisco, CA 94104-5401, United States

Team size

200-300

Industry

E-learning

Sub-industry

Online coding bootcamp / vocational tech education

Offices

548 Market St #69148, San Francisco, CA 94104-5401, United States

921 Crescent Ct, San Ramon, California, United States

4304 Avalon Way, Stratford, 06614, United States

Business model

B2C online bootcamps

Deferred tuition / income share agreements

Installment tuition

Tuition refund guarantee

B2B corporate upskilling

Employer hiring-partner services

Funding

Stage

Later-stage VC / Series D

Total raised

$149M

Latest round

Series D · Feb 2024

Latest amount

$14.6M

Unattributed - III

Feb 2024

$14.6M

Series D

Feb 2024

$14.6M

Unattributed VC

Dec 2022 · Soma Capital

Series C

Aug 2020 · Gigafund

$74M

Series B

Jan 2019 · Bedrock Capital

$30M

Series A

Oct 2018 · GV

$14M

Seed

Jan 2018 · Y Combinator and Tandem Capital

$4M

People & investors

Leadership

Austen Allred

Co-Founder & CEO

Zoran Martinovic

Chief Operating Officer

John Yow

General Counsel

Founders

Ben Nelson

Co-founder

Investors

Work & culture

Mission-driven and student-obsessed, with an outcomes-focused culture centered on direct paths to higher income, hands-on projects, and career support from day one. Public materials emphasize transparency around tuition, financing, and job-search help.

Compensation

Public salary estimates suggest roughly $99.6k for web developers, $109.6k for technical project managers, and a median software-engineer total compensation around $159k on third-party sites; BloomTech does not appear to publish official salary bands.

Benefits

Modern Health coaching and therapy support

Parental leave

Wellness stipend

Full health coverage

Unlimited PTO

Continued education

Product & market

Pricing

Tiered tuition model with upfront tuition, installment plans, deferred tuition / ISA-style financing, a 110% tuition refund guarantee for eligible learners, and a B2B employer membership option for hiring partners.

Differentiators

—Low-upfront-cost / outcome-aligned tuition options
—110% tuition refund guarantee for eligible learners
—Career support from day one through job placement
—Remote delivery and flexible pacing
—Hands-on labs and portfolio building
—Hiring-partner network and job-search tooling
—AI integrated into curriculum and workflows
—B2B upskilling offering for engineering teams

Technology

Python

Java

JavaScript

HTML

CSS

SQL

Node.js

React

Redux

DynamoDB

Machine learning

Deep learning

LLMs

Prompt engineering

Vector databases

Multi-agent systems

Git

GitHub

Cloudflare

Google Tag Manager

Customers

Career-changers and aspiring software engineers

Learners seeking backend, full-stack, and data science training

Employers and hiring partners seeking nontraditional tech talent

Enterprise engineering teams buying AI upskilling programs

Competitors

App Academy

Flatiron School

General Assembly

Learning Tree International

New Horizons

Codecademy

Coursera

Pluralsight

Resilient Coders

Scale & contact

Estimated revenue

~$18M-$22M estimated annual revenue

Estimated monthly visits

35.1K

support@bloomtech.com (800) 883-1943

Signals & risks

Layoff

Dec 2022

TechCrunch reported BloomTech cut about half its staff, roughly 88 employees, across content, product, data, and engineering teams.

Source

Other

Apr 2024

The CFPB ordered BloomTech to stop consumer lending activities, fined the company and Austen Allred, and said BloomTech misrepresented ISA costs and job-placement outcomes.

Source

Other

Jul 2025

BloomTech settled an insurance-coverage dispute tied to CFPB and state probes over alleged student-misleading claims.

Source

Latest news

Coding academy ends insurance case over CFPB, state probes

Bloomberg Law · Jul 2025

BloomTech settled an insurance-coverage dispute tied to CFPB and state investigations into alleged student-misleading claims.

AIG, Berkshire Units Sued by Coding School in Coverage Dispute

Bloomberg Law · Jan 2025

BloomTech sued several insurers seeking defense and indemnity coverage for investigations and claims tied to its lending and marketing practices.

CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs

Consumer Financial Protection Bureau · Apr 2024

The CFPB ordered BloomTech and Austen Allred to stop consumer lending activities, fix or rescind certain ISA terms, and pay civil penalties over deceptive lending and job-placement claims.

Consumer Financial Protection Bureau fines BloomTech for false claims

TechCrunch · Apr 2024

The CFPB said BloomTech misrepresented ISA costs and job-placement results, and imposed a consumer-lending ban plus penalties on BloomTech and Austen Allred.

Introducing BloomTech’s Latest B2B Offering: "AI for Developer Productivity"

BloomTech blog · Apr 2024

BloomTech launched a 10-week B2B program to upskill engineering teams on Python, LLMs, prompt engineering, retrieval-augmented generation, vector databases, and multi-agent systems.

Jobs and careers at Bloom Institute of Technology

13 jobs at Bloom Institute of Technology

HR People & Culture Specialists | Poppy & Peonies

Remote

1w ago

Remote

Full-time