US-based internet university company Coursera nets the funds from venture firms, as it signs up top US universities like Princeton and Stanford offering courses for free.

Coursera, an internet university company set up by two Stanford University computer science professors [Stanford’s Hoover tower is pictured], raised $16m from Kleiner Perkins Caufield & Byers and New Enterprise Associates last week. Coursera said universities including Princeton University, Stanford University, the University of Michigan and the University of Pennsylvania, would be offering web-based classes…

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