# BloomTech

> BloomTech is the online coding school formerly known as Lambda School. It teaches practical software skills, layers in projects and career coaching, and sells a faster route into tech than a four-year degree. Its most famous innovation was also its undoing: income share agreements promised to shift risk from students to the school, but federal regulators later found the company disguised loans and overstated placement results. Today BloomTech markets flexible, AI-infused training and a tuition-refund guarantee while carrying the lessons of that expensive experiment.

- **Founded:** 2017
- **Headquarters:** San Francisco, United States
- **Founders:** Austen Allred (Co-founder and CEO), Ben Nelson (Co-founder and former CTO)
- **Products:** Full Stack Web Development, Data Science, Backend Development, AI for Developer Productivity, Career support
- **Notable:** Graduated more than 4,000 learners into technology careers, according to BloomTech., Raised approximately $122 million across seed through Series C financing., Helped popularize income share agreements as a mainstream education-financing idea, though regulators later found BloomTech's implementation violated consumer-finance law.

## Products & services

- **Full Stack Web Development** — Flexible online training in front-end and back-end development, databases, APIs and AI-assisted workflows, supported by live and recorded instruction, projects and career coaching.
- **Data Science** — Online instruction in Python, SQL, statistics, machine learning and applied data work, historically offered with live teaching and career support.
- **Backend Development** — A nine-month Java and computer-science program jointly developed with Amazon from the Amazon Technical Academy curriculum.
- **AI for Developer Productivity** — A business-facing course intended to help software teams incorporate generative AI into developer workflows.
- **Career support** — Portfolio preparation, job sourcing, application help, interview practice and coaching beginning during study and extending into the graduate job search.

## Achievements

- Graduated more than 4,000 learners into technology careers, according to BloomTech.
- Raised approximately $122 million across seed through Series C financing.
- Helped popularize income share agreements as a mainstream education-financing idea, though regulators later found BloomTech's implementation violated consumer-finance law.
- Jointly developed a public backend-engineering program using Amazon Technical Academy curriculum.
- Built as an online-first school years before the pandemic normalized remote instruction.

## Latest updates

- **2024-04** — BloomTech introduced AI for Developer Productivity as a business-facing training offer for engineering teams.
- **2024-04** — The CFPB permanently banned BloomTech from consumer lending, restricted Austen Allred from student lending for ten years, ordered contract relief and imposed more than $164,000 in combined civil penalties.
- **2025-03** — The CFPB allocated approximately $58.1 million from its Civil Penalty Fund for consumers who entered BloomTech income share agreements and made eligible payments.
- **2026-09** — BloomTech's public site continues to advertise flexible full-stack web training, AI-integrated workflows, deferred tuition and a tuition-refund guarantee, while directing prospective learners to a waitlist.

## Links

- Website: https://www.bloomtech.com/
- LinkedIn: https://www.linkedin.com/school/bloominstituteoftechnology/
- Twitter/X: https://twitter.com/bloomtech
- GitHub: https://github.com/bloominstituteoftechnology
- YouTube: https://www.youtube.com/channel/UCbFQw9rCo9Po9G1r4xD_VSg
- Instagram: https://www.instagram.com/bloomtechofficial/
- Facebook: https://www.facebook.com/bloominstituteoftech

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Profile page: https://yespress.io/bloomtech
Published by YesPress — https://yespress.io
Last updated: 2026-09-28