US-based technological education provider Singularity University has closed a $32m series B round co-led by aerospace technology manufacturer Boeing and investment fund WestRiver Group.
Online education provider TAL Education Group also took part in the round, as did enterprise loans and services provider PeopleFund, Silicon Valley Bank and Mukita.
Founded in 2008, Singularity University offers seminars and membership schemes that inform participants on technological advances that could fundamentally change society.
The company also supports 59 impact-focused startups and non-profit organisations that together have jointly raised some $290m in funding.
The series B capital will be used to add content and courses to Singularity’s learning initiatives, while launching global membership initiatives and digital media partnerships to aid its mission.
Bethany Tate Cornell, vice-president of leadership, learning and organisational capability at Boeing, will join Singularity’s board of directors in connection with the investment.
The company’s co-founder, Peter Diamandis, will be replaced as chairman of the board by WestRiver’s chief executive, Erik Anderson. Diamandis will remain on the company’s board with the new title of executive founder.
Rob Nail, associate founder and chief executive of Singularity University, said: “Exponential technologies can be humanity’s most powerful tools for solving the greatest challenges we face. But they will also cause tremendous disruption to our lives, industry and society.
“This investment fuels SU’s mission to educate, inspire and empower leaders to successfully navigate disruption by applying these powerful technologies in ways that positively impact the world.”
The company has not disclosed firm details of previous funding but its earlier investors include Corigin Ventures and angel investor Klee Irwin.