Media Contact:
| ETS: | Kristen Mitchell, ETS |
|---|---|
| Email: | kmitchell002@ets.org |
Princeton, NJ and Los Angeles, CA (January 29, 2026) — ETS Capital, the investment arm of ETS, today announced an investment in Memorang, the AI stack for education. Memorang accelerates AI transformation for education and credentialing organizations with an agentic platform to build standards-aligned content, assessments, and apps at scale.
This strategic investment in Memorang strengthens ETS’s commitment to innovation in education. It also builds on PSI’s established partnership with Memorang to deliver innovative AI solutions for credentialing programs.
“Our investment in Memorang reflects ETS Capital’s focus on backing category-defining companies that are transforming education through technology,” said Emal Dusst, Managing Director & Head of ETS Capital. “Memorang’s AI infrastructure is setting a new standard for how credentialing and learning products are built, delivering speed, scalability, and security without compromising integrity. This is about accelerating innovation and shaping the future of assessments globally.”
Memorang has been a pioneer in applied AI to assessments, with more than a hundred products launched across ETS and PSI programs and client projects. This funding will enable Memorang to accelerate R&D while scaling operations to meet growing demand.
“Partnering with ETS brings unmatched measurement expertise and global reach to our AI platform,” said Dr. Yermie Cohen, Founder & CEO of Memorang. “Together, we aim to bring a new AI operating system to credentialing programs to accelerate human capital for public benefit.”
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About ETS Capital
ETS Capital is the ETS-backed global investment and M&A platform focused on equity investments, growth partnerships, and mergers and acquisitions across education, workforce, and skills. The platform deploys long-term capital and works closely with founders and management teams to support innovation and responsible global scale. ETS Capital’s investment in Memorang reflects its focus on next-generation learning technologies that apply science and AI to improve educational and professional outcomes. The portfolio includes leading companies such as upGrad, Leverage Edu, ApplyBoard, OpenClassrooms, and Suraasa, among others. www.ets.capital
About Memorang
Memorang is the AI stack for education, enabling organizations to build standards-aligned content, assessments, and learning applications at scale. Trusted by leading credentialing programs and educational institutions worldwide, Memorang's agentic platform accelerates AI transformation across test preparation, professional certification, continuing education, and skills development.