Founded by Andrew Ng and Daphne Koller, Coursera is a for-profit educational technology company that offers massive open online courses (MOOCs). Coursera works with universities to make some of their courses available online. It started in 2012 with Stanford, Princeton, the University of Pennsylvania and the University of Michigan.
In January 2013, Coursera announced that the American Council on Education had approved five of its courses for college credit. Though all Coursera courses are “accessible for free,” in September 2013, Coursera announced that it had earned $1 million in revenue through verified certificates that authenticate successful course completion. As of December 2013, the company had raised $85 million in venture capital. As of September 2014, Coursera has 9.2 million users in 750 courses from 111 different institutions.