# Authess

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/authess

- Industry: Software
- Headquarters: Boston, US
- Website: www.authess.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Mar 7, 2017)
- Investors on record: 2

## About

Authess, Inc. is a technology company focused on providing innovative assessment solutions for the education sector, enhancing the learning experience through advanced digital tools and analytics for educators and students.Founded in 2015 in Boston, US, Authess, Inc. specializes in assessment technologies aimed at improving education outcomes. The company has secured funding through several rounds, with the latest being a Venture Debt round amounting to USD 0.14 mn. In March 2020, Authess was acquired by Elsevier Limited, marking a pivotal moment in its business trajectory. The total amount raised by Authess is USD 0.52 mn.Authess, Inc. offers advanced digital assessment tools designed to facilitate learning and enhance educational outcomes. Their solutions enable educators to create customized assessments that align with learning goals, analyze student performance through data analytics, and deliver immediate feedback. These offerings serve a broad audience that includes educational institutions seeking to improve their assessment methods and overall learning experience.Authess, Inc. generates revenue through the sale of its assessment solutions to educational institutions, often structured as multi-year licensing agreements. This model allows schools to integrate Authess tools into their curriculum, driving a steady revenue stream as they procure licenses for various assessment products. The pricing is tailored based on user needs and educational scope, creating flexible solutions for diverse educational environments.Authess, Inc. plans to leverage its recent acquisition by Elsevier to enhance its product lineup, with new assessment solutions expected to launch in the next year. The company is also strategizing to expand its presence in the North American and European educational markets, aiming for significant growth by 2022. The recent Venture Debt funding will support the development of new products and facilitate market entry initiatives as part of its growth strategy.

## Funding rounds

- Seed, Mar 7, 2017, $2.2M — EduLab Capital Partners
- Seed, Feb 1, 2015, $0M — LearnLaunch Accelerator

## Investors

- LearnLaunch Accelerator (https://capitalatlas.ai/funds/learnlaunch-accelerator) — Seed
- EduLab Capital Partners (https://capitalatlas.ai/funds/edulab-capital-partners) — Seed