With participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative
Eruditus, the parent company of Emeritus, closes funding round to deepen investment in AI products and accelerate growth of enterprise business after achieving profitability
MUMBAI, India, Oct. 18, 2024 /PRNewswire/ — Eruditus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today that it has raised a $150 million Series F fundraise led by TPG’s The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, with participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative. This highlights the company’s remarkable growth and impact through continuous innovation in high-quality career-oriented education across the globe. The raise comes on the heels of a banner year for Eruditus in which the company was named the #1 Global EdTech by Time and achieved profitability on a full-year basis.

The funding bolsters Eruditus’ global growth and will be used to invest in AI technology to further enrich the learner experience, expand the company’s rapidly growing business serving governments and enterprises and deepen its investments in the India and APAC regions. As the company continues to grow and scale, it eyes future acquisitions and investments, which have historically contributed to impressive topline growth and expansion in strategic markets. Avendus Capital was the exclusive financial advisor for the fundraise.
Eruditus’ mission to make high quality education accessible and affordable around the world has never been more critical. Business today is changing faster than ever—and the AI revolution means it’s set to change even faster. The company is accelerating its investments in technology to harness the power of generative AI to further enrich the learner experience and provide enhanced learning solutions. Eruditus has already launched proprietary AI-powered tutors for students and programs with partner schools. The need for training in the age of AI is driving unprecedented demand for the company’s enterprise solutions that grew revenue 45% last year.
Steve Ellis, a Managing Partner of The Rise Funds, said “Eruditus is expanding access to new education opportunities and giving professionals at all stages of their careers the skills they need to advance and succeed in today’s rapidly changing workplace. Eruditus’ mission aligns with a core investing theme for The Rise Funds, which focuses on backing strong businesses that are opening pathways to high quality education and driving greater lifetime earning potential for their students. We look forward to working with Eruditus to further enhance the platform and scale the business globally.” As part of The Rise Fund’s investment, TPG’s Simit Batra will join Eruditus’ board of directors.
Today, more than 80+ top tier university partners around the world work with Eruditus to create over 700 professional learning programs delivered to more than 1 million individuals in 80+ countries. The company’s industry-driven certification programs, professional certificates, and workforce leadership development initiatives are defined by personal engagement between faculty and students, course customization, mentoring and coaching, and career counseling. The results are evident in course completion rates of 85% for their professional learners.
“With this investment, we’re excited to continue to grow and innovate to meet market demand,” said Ashwin Damera, CEO, Eruditus and Emeritus. “In a rapidly evolving business environment, we have reimagined education by bringing programs from the world’s leading universities to learners around the globe. Education is the key to transformation, for individuals, companies, and society and we’re appreciative of the support of our investors who enable us to accelerate our growth.”
About EruditusEruditus, the parent company of Emeritus, is committed to teaching the skills of the future by making high-quality education accessible and affordable to individuals, organizations, and governments worldwide. It does this by collaborating with more than 80 top-tier universities across the United States, Europe, Latin America, Southeast Asia, India, and China. Eruditus’ short courses, degree programs, professional certificates, and senior executive programs help individuals learn new skills and transform their lives, companies, and organizations. Its unique model of state-of-the-art technology; curriculum innovation; and hands-on instruction from senior faculty, mentors, and coaches has educated more than 1 million individuals across 80+ countries. The Eruditus Group has more than 1,750 employees globally and offices in Mumbai, New Delhi, Shanghai, Singapore, Palo Alto, Mexico City, New York, Boston, London, and Dubai. The company is backed by TPG, the Chan Zuckerberg Initiative, Leeds Illuminate, Prosus Ventures, GSV Ventures, Peak XV, Bertelsmann, CPP Investments, Accel and SoftBank Vision Fund 2. For more information, please visit www.Emeritus.org.
About The Rise Funds The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations’ Sustainable Development Goals. The Rise Funds deliver capabilities and expertise across a wide variety of sectors and countries at scale, focusing on opportunities in climate and conservation, education, food and agriculture, financial inclusion, healthcare, and impact services.
With approximately $19 billion in assets across The Rise Funds, TPG Rise Climate, and the Evercare Health Fund, the TPG Rise platform is one of the world’s largest private markets impact investing platforms committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns.
For more information, visit therisefund.com.
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TOKYO, Oct. 18, 2024 /PRNewswire/ — The University of Electro-Communications (UEC) announces the release of the October 2024 issue of its Research and Innovation newsletter. This edition highlights cutting-edge research and innovation, featuring video profiles of faculty members Kohei Kimura (Innovation: Transformable and Multipurpose robotics) and Yuri Shinohara (Research: Advanced analysis of martensite microstructures). The newsletter also presents research by Yoshihiro Nakata on robotics and “food psychology,” and Hideo Isshiki on advancements in “Layer-by-Layer Copper Aluminum Oxide Films for Advanced P-Type Thin Film Transistors.”

The issue further details the successful 6th ASEAN-UEC Workshop on Informatics and Engineering 2024 and President Tano’s visit to VGISC (Vietnam), reflecting UEC’s commitment to fostering international collaboration.
For more information and to access the full newsletter, please visit the links below:
Video Profiles
Kohei Kimura (Innovation)
Transformable and Multipurpose robotics
The research led by Kohei Kimura at the Department of Informatics, Graduate School of Informatics and Engineering, focuses on developing robots with “transformable” and “multipurpose” capabilities. The aim is to create adaptable robots that can change their shape to suit different environments and perform various tasks using a single robotic form.
http://www.ru.uec.ac.jp/randi/video/innovation/
Yuri Shinohara (Research)
Advanced analysis of martensite microstructures based on crystallography and kinematics
Yuri Shinohara focuses her research on metallography and crystallography, particularly the study of martensitic transformation in metallic materials. This non-diffusive crystal structure change is significant for its broad industrial applications. A key example of martensitic transformation is observed in iron, where austenite converts to martensite upon cooling and reverts upon heating. This transformation underlies applications in shape memory alloys (SMAs), such as nickel-titanium (Ni-Ti) alloys, which revert to their original shape upon heating after deformation. Additionally, martensite formation is critical in strengthening materials like martensitic stainless steels used for high-strength fasteners.
http://www.ru.uec.ac.jp/randi/video/research/
Research and Innovation publications
Yoshihiro Nakata’s pneumatically-driven edible robot
Food Psychology: Moving food sensation
Now, Yoshihiro Nakata from The University of Electro-Communications, Tokyo, and colleagues have developed a moving, edible robot based on gelatin and sugar [1]. Introducing the concept of human–edible robot interaction, they demonstrated that the robot enables controlled experiments probing the human psychology of animated food consumption.
http://www.ru.uec.ac.jp/randi/research-highlights/innovation/
Publication : Yoshihiro Nakata, Midori Ban, Ren Yamaki, Kazuya Horibe, Hideyuki Takahashi, Hiroshi Ishiguro, Exploring the eating experience of a pneumatically-driven edible robot: Perception, taste, and texture, PLoS ONE 19(2), e0296697.
URL:https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0296697DOI: 10.1371/journal.pone.0296697
Hideo Isshiki’s thin film transistor
Layer-by-layer copper aluminum oxide films for advanced p-type thin film transistors
Most field-effect transistors are of the so-called n-type, meaning that the relevant charge carriers are electrons, which are negatively charged. Transistors in which positively charged ‘holes’ — local electron deficiencies — conduct the current are known as p-type. Generally, electrons are more mobile than holes, which is one of the reasons n-type TFTs are more commonly used. Yet, p-type TFTs are also valuable for complementary MOS(CMOS) system contributing to low power consumption, which is why Isshiki and colleagues aimed to develop a p-type TFT that can be relatively easily manufactured and has good device characteristics.
Publication : Mehdi Ali, Daiki Yamashita, Hideo Isshiki, Growth of CuAlO2 on SiO2 under a layer-by-layer approach conducted by digitally processed DC sputtering and its transistor characteristics, Jpn. J. Appl. Phys. 63, 035502 (2024).
URL : https://doi.org/10.35848/1347-4065/ad2aa5DOI : 10.35848/1347-4065/ad2aa5
NEWS
6th ASEAN-UEC Workshop on Informatics and Engineering 2024
The UEC ASEAN Research and Education Center held the 6th ASEAN-UEC Workshop on Informatics and Engineering on September 8, 2024, at the Academy of Cryptography Techniques (ACT) in collaboration with the ECTI Association (Thailand) and the Radio and Electronics Association of Vietnam (REV). The annual workshop, launched in 2019, offers ASEAN and UEC students the chance to present at international conferences.
http://www.ru.uec.ac.jp/randi/news/202410_1.html
President Tano’s Visit to VGISC (Vietnam)
On Friday, September 6, 2024, UEC President Tano, accompanied by Dr. Oya, Board Member for International and Public Relations Strategy, and other UEC representatives, visited the Vietnam Government Information Security Commission (VGISC).
http://www.ru.uec.ac.jp/randi/news/202410_2.html
Further informationInternational Affairs SectionEmail: [email protected]: 81-(0)-42-443-6723The University of Electro-Communications1-5-1 Chofugaoka, Chofu, Tokyo 182-8585Website: http://www.uec.ac.jp/
About the University of Electro-Communications
The University of Electro-Communications (UEC) in Tokyo is a small, luminous university at the forefront of pure and applied sciences, engineering, and technology research. Its roots trace back to 1918, with a mission to train maritime communication engineers. UEC was officially established as a national university in 1949 and continues to lead innovation in wireless communications, laser science, robotics, informatics, and material science.
With approximately 4,000 students and 350 faculty members, UEC remains a hub for cutting-edge research and collaboration.
 

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PARMA, Italy, Oct. 18, 2024 /PRNewswire/ — Chiesi Group, a research-oriented international biopharmaceutical group, is proud to announce the official launch of The Impulse, an innovation platform designed to accelerate bold ideas and meaningful partnerships in healthcare. The Impulse aims to tackle some of the biggest challenges facing patients, planet, and people today by addressing not only healthcare symptoms but also the root causes of these challenges, such as climate change and access to care.

Empowering innovation through collaboration
The Impulse is stepping in to fill the growing demand for innovative solutions that meet the real needs of patients. By creating a collaborative space for researchers, start-ups, and innovators to work together, The Impulse is driving forward-thinking healthcare solutions—from digital health advancements to sustainable patient care models—that have the potential to transform how we think about and deliver healthcare.
“We stand at a pivotal moment for the pharmaceutical industry. This is the time to further rethink traditional models and embrace bolder, patient-centric innovation. That’s why Chiesi has created The Impulse, aiming to empower those who are driven by a passion to improve the lives of others through innovation,” said Fabrizio Conicella, Vice-President Center of Open Innovation & Competence. “We know that some of the most groundbreaking ideas come from collaboration. By providing the resources, network, and support, we aim to accelerate ideas that will have a tangible impact on patients and the world around us, perfectly in line with our Company vision.”
A commitment to patients and the planet
The launch of The Impulse is particularly timely, as the healthcare industry faces increasing pressure to rethink traditional care models. With climate change and environmental sustainability now central to global health discussions, The Impulse is committed to fostering solutions that not only improve patient outcomes but also contribute to a healthier planet.
The Impulse has already begun to attract interest from key players in the life sciences, digital health, and environmental sustainability sectors, including the Karolinska Institutet, NOME and EIT-HEALTH, with many more partnerships in the pipeline.
For more information on The Impulse and how to get involved, visit https://www.chiesi.com/en/about-us/the-impulse/.

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