California based online learning platform - Coursera files for US IPO
In the US, Coursera Inc has filed for a stock market listing revealing a surge in revenue due to the disruption caused by the COVID-19 pandemic.
The company said in a filing that the revenue of the company rose 59% to $293.5 million for the year ended Dec. 31, 2020.
As per the company website, the company offers courses like machine learning, cloud computing and language learning, with its platform used by more than 3,700 colleges and universities.
It launched “Coursera for Campus” in response to the pandemic to help educational institutions offer courses to stuck-at-home students.
The online learning platforms benefit from the retrenched employees as they took online courses for new opportunities.
Mountain View, California-based Coursera was founded in 2012 and its investors include venture capital firm GSV Capital and Kleiner Perkins. The company has already raised $130 million in funding in July, bringing its cash balance to more than $300 million.
Coursera’s net loss widened to $66.8 million for the year ended Dec. 31, from a $46.7 million loss a year earlier.
Morgan Stanley, Goldman Sachs and Citigroup are among the underwriters for the education technology company’s offering.
Adobe to deliver personalized digital customer experiences globally for TeamViewer
At Adobe Summit EMEA 2023, Adobe announced that TeamViewer has selected Ado...
Salesforce rolls out Marketing GPT and Commerce GPT to personalize campaigns and shopping experience
At Connections, Salesforce introduced its latest generative AI product offerings, Marketin...
Blackstone portfolio company R Systems takes over Velotio
R Systems announced that it has signed definitive agreements to acquire Velotio, an India-...
Kingston showcases New Non-Binary DDR5 Memory and XS1000 External SSD in COMPUTEX 2023
Kingston Technology has announced it will make a grand return to COMPUTEX Taipei event aft...
Genesys creating an exceptional Customer Experience leveraging the skillful orchestration of Employee Experience
To recognise its strategic partners advancing the industry, Genesys, organised the APAC Pa...
TDC Captures the Beauty of our Natural World at Vivid Sydney 2023
Sydney, Australia, May 2023 – It would be easy for a company like TDC – T...
MediaTek organizes its 12th Chapter of Technology Diaries
MediaTek has hosted its 12th Chapter of Technology Diaries themed ‘The Vision to Go...