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online learning startup coursera raises $64m at an $800m valuation

online learning startup coursera raises $64m at an $800m valuation News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



online learning startup coursera raises $64m at an $800m valuation

as the cost of in-class education continue to rise, and the cost for computing continues to fall, we’re seeing a flourishing of startups that target the market for online learning. as one mark of the trend, one of the leaders in this space, coursera, is today announcing $64 million in a series d round of funding.coursera’s ceo rick levin (who notably joined the company after a period as president of one of the more prestigious institutions of the old educational guard, yale university) told me that the company plans to use to accelerate its business in three areas: developing new technology in areas like artificial intelligence to improve and personalise the learning experience; to expand its range of full online degrees (versus short courses and one-off classes); and to continue building out one of its newer areas, targeting non-profits and businesses and their own corporate development and training needs.levin told me that coursera is not disclosing its valuation in this round, but i have confirmed with sources close to the company that it is around $800 million — a significant uptick from coursera’s previous round, which valued it around $500 million.another sign of some heat in the market is the size of this round. i’ve known about it for a couple of days while planning this story, but late last night i received a hurried note telling me it actually went up as coursera added a new investor at the last minute.the full list of investors is an impressive one. it in...