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Coursera backs co-founder Andrew Ng's new AI education firm with $100 million investment
['Greg Bensinger', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
The startup, LearnVector, is backed by a $100 million investment from Coursera.
Coursera is the lead investor in LearnVector, and Ng declined to identify other possible investors or LearnVector's total funding needs.
Coursera's investment gives it one-third of LearnVector, suggesting a value of about $300 million for the company.
LearnVector will use AI to develop individualized courses for white-collar workers that can track progress and become more advanced over time as pupils grow more proficient, said Ng.
Coursera, in a statement reviewed by Reuters, said it will partner with LearnVector to sell and develop their courses together.