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History:: Coursera Was Founded in 2012 by Stanford University Computer Science Professors Andrew NG and

Coursera was founded in 2012 by Stanford professors Andrew Ng and Daphne Koller. It has since raised over $500 million in venture funding in several rounds between 2012-2020. Coursera now partners with over 200 universities and offers courses, specializations, degrees and workforce training products. It has over 70 million learners worldwide and partners with thousands of businesses for workforce training.

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80 views4 pages

History:: Coursera Was Founded in 2012 by Stanford University Computer Science Professors Andrew NG and

Coursera was founded in 2012 by Stanford professors Andrew Ng and Daphne Koller. It has since raised over $500 million in venture funding in several rounds between 2012-2020. Coursera now partners with over 200 universities and offers courses, specializations, degrees and workforce training products. It has over 70 million learners worldwide and partners with thousands of businesses for workforce training.

Uploaded by

chum chum
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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History:

Coursera was founded in 2012 by Stanford University computer science professors Andrew Ng and
Daphne Koller. Ng and Koller started offering their Stanford courses online in fall 2011, and soon after
left Stanford to launch Coursera. Princeton, Stanford, the University of Michigan and the University of
Pennsylvania were the first universities to offer content on the platform. Offerings have since expanded
to include Specializations – collections of courses that build skills in a specific subject – as well as
degrees and a workforce development product for businesses and government organizations.

The startup raised an initial $16 million funding round backed by Kleiner Perkins Caufield & Byers and
New Enterprise Associates. In 2013, the World Bank Group led the Series B investment, which totaled
$63 million. In 2015, EDB Investments led the Series C round of venture funding, which totaled more
than $60 million. In 2017, the company raised $64 million from its existing investors in Series D round of
funding. In 2019, the company raised $103 million in Series E round of funding from the SEEK Group,
Future Fund and NEA. The company reached valuation of $1 billion+ in 2019. In July 2020, the company
announced it had raised $130 million in Series F funding and updating its valuation to $2.5 billion.

Coursera was founded by Daphne Koller and Andrew Ng with a vision of providing life-transforming
learning experiences to anyone, anywhere. It is now a leading online learning platform for higher
education, where 71 million learners from around the world come to learn skills of the future. More
than 200 of the world’s top universities and industry educators partner with Coursera to offer courses,
Specializations, certificates, and degree programs. Thousands of companies trust the company’s
enterprise platform Coursera for Business to transform their talent. Coursera for Government equips
government employees and citizens with in-demand skills to build a competitive workforce. Coursera for
Campus empowers any university to offer high-quality, job-relevant online education to students,
alumni, faculty, and staff. Coursera is backed by leading investors that include Kleiner Perkins, New
Enterprise Associates, Learn Capital, and SEEK Group.

History of funding of coursera:

2011(Fall): Coursera started offering their Stanford courses online, but it still
wasn’t an official company at the time.

2012: Coursera is officially founded by Andrew Ng and Daphne Koller (The


startup raised an initial $16million funding round)

2013: The world bank led the Series B investment, which totaled at around
$63million.

2015: EDB investments led the series C round of venture funding which
totaled more than $60million

2017: The company raised $64million from its existing invertors in series D
round of funding.

2019: The company raised $103million from series E round of funding. The
company crossed the $1billion+ valuation.

2020: In July the company announced that it had raised $130million in series
F funding and updated its valuation to $2.5B

Business model of coursera:

2013: It[coursera] announced that it had earned $1million in revenue through


the sale of verified certificates that authenticate successful course completion.
Coursera first rolled out a series of fee-based course options, which included
verified credentials for completion, in 2013.

2015: As of October 2015, the company had raised a total of $146.1 million
in venture capital.
2016: In January 2016, Coursera rolled out fees to earn grades and
assessment for "the vast majority of courses that are part of Specializations."
The company offers Financial Aid to people who demonstrate a need.
In July 2016, the company launched an enterprise product called Coursera for
Business. TechCrunch notes that the company, "opened itself to additional
revenues from the lucrative corporate e-learning market, which some reports
suggest was worth $12 billion in the US alone." Coursera for Business
customers include L’Oréal, Boston Consulting Group, and Axis Bank.
In October 2016, Coursera launched a monthly subscription model for
Specializations along with a 1 week free trial. The company has said
subscription costs will vary, "depending on the topic area."

2017: In January 2017, the company launched Coursera for Governments &
Nonprofits. Coursera has announced partnerships with the Institute for
Veterans & Military Families (IVMF) in the United States and entities in
Egypt, Mongolia, Singapore, Malaysia, Pakistan, and Kazakhstan.
In June 2017, Jeff Maggioncalda became the CEO of Coursera.

2018: In March 2018, Coursera launched six fully online degree courses
including the bachelor's and master's qualifications in various domains.

People of Coursera:

Andrew Ng: Andrew Yan-Tak Ng (born 1976) is a British-born American


businessman, computer scientist, investor, and writer. He is focusing on
machine learning and AI. As a businessman and investor, Ng co-founded and
led Google Brain and was a former Vice President and Chief Scientist at
Baidu, building the company's Artificial Intelligence Group into a team of
several thousand people. Ng is an adjunct professor at Stanford University
(formerly associate professor and Director of its AI Lab). Also a pioneer in
online education, Ng co-founded Coursera and deeplearning.ai.
Daphne Koller: Daphne Koller (born August 27, 1968) is an Israeli-American
computer scientist. She has been a Professor in the Department of Computer
Science at Stanford University. She is one of the founders of Coursera, an
online education platform. Her general research area, like Andrew, is
artificial intelligence.

Jeff Maggioncalda: Jeff Maggioncalda is the Chief Executive Officer of


Coursera. Maggioncalda graduated from Stanford with a MBA in 1996. He
then worked for Financial Engines and was instrumental in the company
going public in 2010. He was recruited in 2017 to replace Rick Levin as
CEO of Coursera.

Rick Levin: Richard Charles Levin (born April 7, 1947) is an American


economist and academic administrator. From 1993 to 2013, he was the 22nd
President of Yale University. From March 2014 to June 2017, he was
Chief Executive Officer of Coursera.

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