Coursera Opens Engineering Office in Toronto to Fuel Product Innovation
TORONTO--(BUSINESS WIRE)--May 22, 2019--
Coursera, the world’s leading online learning platform, today announced a new engineering office in Toronto, Ontario. The new office will be staffed with engineers to accelerate innovation for the company’s enterprise and partner products, and to support other business initiatives over time.
In recent years, Toronto’s tech industry has seen rapid expansion, resulting in its recent ranking as the city with the highest growth in tech-related jobs in Canada and the U.S. This flourishing talent pool along with Toronto’s world-class universities and research centers make the city an optimal destination for Coursera as the company looks to expand its global reach and product portfolio.
“I’m thrilled that Coursera, a global leader in online learning, has chosen to open a new office in Toronto,” said Toronto Mayor John Tory. “Toronto’s technology and innovation sector is growing at a rapid speed that has started to attract international brands. I am confident that our highly skilled, diverse workforce will continue to attract innovative companies like Coursera to further grow our economy and create new opportunities within the Toronto Region.”
Coursera will recruit from Toronto’s rich pool of high-quality engineering talent to initially help drive innovation for its enterprise platform, Coursera for Business, which currently enables more than 1,800 companies to access the top-quality learning content they need to help their employees gain the most in-demand skills. The team will continue to broaden its engineering efforts to support other parts of the business.
“Rapid product innovation is fundamental to how we are creating new possibilities for learners, educators, and employers in a rapidly changing world -- and we need the best engineering talent to do so,” said Richard Wong, Vice President of Engineering at Coursera. “Toronto is an emerging technology hub, and having a presence in the region positions Coursera to continue our growth, innovate among a vibrant tech community, and draw from an incredibly deep and impressive talent pool.”
Over the last several years, Coursera has been establishing roots in Canada with strong partnerships with local universities and more than 75 enterprise customers in the region. The company worked closely with Toronto Global, a team of experienced business advisors that assist global businesses with expanding into the Toronto Region, to understand the local market and ensure a smooth transition.
“Toronto Global was pleased to assist Coursera in the process of selecting the Toronto Region for its new engineering office,” said Mark Cohon, Chair of the Board of Directors for Toronto Global. “We are thrilled that Coursera will call Toronto home, create jobs for our talented workforce, and contribute to our reputation as a technology hub and a global center for innovation.”
Since 2012, Coursera has grown to serve more than 40 million global learners and 190 university and industry partners. In April, the company secured $103 million in a Series E round of funding, which provided the company with additional resources and flexibility to expand into new regions and continue to strengthen and diversify its product offerings.
Coursera was founded by Daphne Koller and Andrew Ng with a vision of providing life-transforming learning experiences to anyone, anywhere. It is now the world’s largest online learning platform for higher education. 190 of the world’s top universities and industry educators partner with Coursera to offer courses, Specializations, and degrees that empower over 40 million learners around the world to achieve their career goals. Over 1,800 companies trust the company’s enterprise platform Coursera for Business to transform their talent. Coursera is backed by investors that include Kleiner Perkins, New Enterprise Associates, GSV Capital, Learn Capital, and SEEK Group.
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KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: EDUCATION UNIVERSITY OTHER EDUCATION
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PUB: 05/22/2019 12:20 PM/DISC: 05/22/2019 12:20 PM