MOOC platform Coursera raises $43 million in funding


In an announcement Wednesday, Coursera said it plans on creating a suite of mobile apps, opening the platform up to third party applications, expanding its university partnerships and growing its Signature Track offerings.

Signature Track  is the batch of Coursera courses that offer a certificate upon completion. These certificates require students to pay a fee, and that could prove to be the elusive key to profitability for the company and its investors.

Coursera also plans on expanding its international reach, “through localization, translation, and distribution partnerships,” according to the announcement.

“We created Coursera in response to real and pressing demands for quality, accessible education around the world,” Coursera co-founder Andrew Ng said. “And today we are proud to be part of a growing movement that is making a tangible impact on this global challenge.”

We feel we are still in the very early experimental stages of exploring what online learning technologies can do to improve education.

As for those who criticize the movement, Koller said she feels online learning technology is still in its early, experimental stages.

“At Coursera we can already see how educational institutions around the world are beginning to open their arms to new ways of doing things,” she said. “Whether we call it ‘MOOCs’ or something else, there is no denying that technology is transforming the education space.”

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