As more and more companies look to reskill their employees to keep pace with rapid technological change and a tight labor market, Coursera is helping to show the way. Disruptor50
Headquarters: Mountain View, CaliforniaIndustry: Higher education, online learningAs an increasing number of companies and governments look to reskilling their employees as a way to keep pace with rapid technological change and a tight labor market, Coursera is helping to show the way.
In July it began offering the first completely online master's degree from the University of Pennsylvania's School of Engineering and Applied Science. The Master of Computer and Information Technology degree will cost $26,300, roughly one-third of what the on-campus degree would cost. The company was started by former Stanford University computer science professors Daphne Koller and Andrew Ng who are now co-chairs. Both had spent enough time in higher education to realize that change was overdue and that online learning was a good path forward. Although users still have access to free courses, Coursera has been more active in promoting its paid options.
Kleiner Perkins Caufield & Byers and New Enterprise Associates have been behind Coursera from the beginning and, together with other investors, have poured $210 million into the company. Late last year, CEO Jeff Maggioncalda told Forbes that he will likely take Coursera public in the next two years.
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