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Coursera Raises $103 Million Series E

Coursera has announced it has raised $103 million in Series E funding led by education focused company Seek Group, with participation from existing investors NEA and Future Fund. A TechCrunch article says the company is now valued at 'well over' $1 billion, citing a source close to Coursera.

Coursera says its user base has grown from 26 million to 40 million since it last raised funding in 2017. It now has 3,200 courses and 310 specializations available on its platform. Coursera has partnered with top learning institutions like the University of Michigan, Johns Hopkins, and Columbia University to offer courses to its users.


The company not only meets individual needs but also has an enterprise solution users by more than 1,800 companies to educate their employees. Coursera is backed by other notable VCs like GSV Capital, Learn Capital, New Enterprise Associates, and Kleiner Perkins.



Tesla reportedly nabs key Volvo designer Ian Kettle to style its EVs

Volvo

EV manufacturer Tesla has now made a key hire for its vehicle design, This time nabbing notable Volvo designer Ian Kettle as per reports from Auto Express and Electrek which noted of the designer who led the exterior work for its compact XC40 SUV now having a role at Tesla's Los Angeles Design Studio.

Kettle has been at Volvo for 6 years with the Royal College of Art and Coventry University student handling multiple works as a Senior Exterior Designer for the Swedish automaker.

As per reports, Kettle will now report to Tesla design director and former Mazda designer Franz von Holzhausen while he takes on currently unspecified work at the California based EV manufacturer.

He would now count as a plus to Tesla's other exterior car designers WooTak Kim who notably led interior design for Porsche's all electric Mission E vehicles and former Mazda designer Julien Bilodeau who like Kim came to Tesla a few years ago.

The XC40 for which Kettle led the design has been praised by various critics for its unique design, driving, safety, technology and compatibility with the car also expected to be Volvo's first all-electric vehicle with later versions to be produced.

Ride-hailing giant Uber also notably makes use of the Volvo XC40 for its self-driving efforts having a penned a deal reportedly valued at over $1.9 Billion to purchase tens of thousands of the vehicles for use in its autonomous driving developments.



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Private equity giant Hellman & Friedman buys into home security startup SimpliSafe at a reported $1 Billion Valuation

image credit : SimpliSafe

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