Bloom Institute of Technology

Bloom Institute of Technology

Austen Allred, a Y Combinator alumnus, founded BloomTech in 2017 after co-founding GrassWire and authoring the growth-hacking textbook Secret Sauce. The bootcamp, initially named Lambda School, rebranded to Bloom Institute of Technology and now offers programs in full-stack web development, backend development, and data science. BloomTech teaches AI-integrated curricula across software engineering and data science, with tuition ranging from $13,500 (upfront) to over $19,000 (deferred). The model relies on an income-share-like structure: $0 upfront under deferred tuition, with repayment only after graduates land jobs. The firm claims a median salary increase of $37,000+ for placed 2022 graduates. It reports graduates working at companies including Google, Amazon, and Apple. BloomTech employs over 50 staff across offices in San Francisco, Mountain View, Cambridge, Burlingame, New York, and Manchester. The leadership team includes COO Zoran (ex-Uber and Facebook) and General Counsel John (former Naval officer). In 2021, the bootcamp reported a 90% job placement rate for job-seeking graduates (per the firm, 2021). The company has not disclosed any recent operational events beyond ongoing program updates. BloomTech operates as a for-profit education company, not a family office or asset manager. Its structural differentiator is the tuition refund guarantee — a financial risk-transfer mechanism that aligns the school's incentives with student outcomes, a rare posture among coding bootcamps.