Coursera was founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. The founders began offering their Stanford courses online in fall 2011, and the positive response led them to leave Stanford and launch Coursera as a dedicated platform.
The first universities to offer content on Coursera were Princeton, Stanford, the University of Michigan, and the University of Pennsylvania. This initial partnership with prestigious institutions established Coursera's credibility and academic rigor in the online education space.
The company grew rapidly, adding more university partners and expanding its course offerings. In 2014, Coursera received both the Webby Winner and People's Voice Winner awards in the Websites and Mobile Sites Education category, recognizing its excellence in educational technology.
Coursera filed for its initial public offering in March 2021. The nine-year-old company reported roughly $293 million in revenue for the fiscal year ended December 31, 2020, representing a 59% growth rate from 2019. However, net losses widened to $66.8 million in 2020, with the company spending $107 million on marketing that year.
The company continued expanding its partnerships and course offerings, working with universities and organizations globally to provide courses, certifications, and degree programs. Coursera also developed professional certificate programs in partnership with major technology companies like Google, IBM, and Facebook.
In February 2021, Coursera announced its B Corporation certification, demonstrating its commitment to social and environmental performance, accountability, and transparency.
The most significant recent development came in December 2025 when Coursera agreed to acquire Udemy for approximately $930 million in equity. This acquisition combines Coursera's university partnership model with Udemy's marketplace approach, creating a comprehensive online learning platform.