Coursera

Coursera Inc. (kərˈsɛrə) is a U.S.-based massive open online course provider founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Coursera works with universities and other organizations to offer online courses, certifications, and degrees in a variety of subjects. In 2023 more than 275+ universities and companies offer more than 4,000 courses through Coursera. 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. In 2014 Coursera received both the Webby Winner (Websites and Mobile Sites Education 2014) and the People's Voice Winner (Websites and Mobile Sites Education) awards. Coursera's revenues rose from $184 million in 2019 to$294 million in 2020. To date, Coursera has not made a profit. The company lost $66 million in 2020 as it ramped up marketing and advertising. For the first quarter of 2021, Coursera reported revenue of$88.4 million, up 64% from a year earlier, with a net loss of $18.7 million, or$13.4 million on a non-GAAP basis. Coursera said consumer revenue was $51.9 million, up 61$24.5 million, up 63%, and degree programs had revenue of $12 million, up 81For the third quarter of 2021, Coursera reported revenue of$109.9 million, up 33% from $82.7 million a year ago. Gross profit was$67.7 million or 61.6% of revenue. Net loss was $(32.5) million or (29.5)The startup raised an initial$16 million funding round backed by Kleiner Perkins Caufield & Byers and New Enterprise Associates. In 2013, GSV led the Series B investment, which totaled $63 million. In 2015, NEA led the Series C round of venture funding, which totaled more than$60 million.