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.
INTERVIEWS
TOP VIDEOS
SECURITY
SOFTWARE
AMD intros Kria KR260 Robotics Starter Kit for Intelligent Factory of the future
AMD announced the Kria KR260 Robotics Starter Kit, the latest addition to the Kria portfol...
West Midlands Police deploys Exterro’s Cloud-based Digital Forensics Platform
The provider of Legal GRC software, Exterro Inc. announced that the West Midlands Police a...
Kyndryl and NetApp together to help customers transform business
Kyndryl and NetApp announced a global alliance to help customers transform their businesse...
START - UP
PERIPHERALS
INDUSTRY EVENTS
Industry leaders layout the collaborative 5G Opportunities and capabilities for country’s digital transformation
Leading telecommunications experts and industry leaders connected and brainstormed ideas f...
VeeamON 2022 kicked off with insightful sessions on data protection
Veeam Software has kicked off its annual user conference, VeeamON 2022, delivering a rich,...
DoT, Rajasthan LSA conducts webinar on awareness for mobile tower myths and tower frauds
Department of Telecommunications (DoT), Jaipur License Service Area (LSA) organized an awa...
Microsoft Future Ready Industry week stresses on key trends driving digital transformation in the ITES sector
Microsoft’s Future Ready Industry week, ITES edition brought together industry lumin...
E- COMMERCE
