Authess, a Boston startup co-founded by an MIT professor that develops educational assessment tools, is currently raising $1.5 million in capital, according to a Form D filing with the U.S. Securities and Exchange Commission. So far, the company has raised $830,000 of those funds.
The venture makes digital assessment tools that organizations can use to determine what their students and employees actually know. Its tools are meant to evaluate users’ profound, real-world competencies, rather than their test-taking abilities.
Authess was co-founded by Paul Crockett, a Pearson vet; Chris Kaiser, a biology professor and former provost at MIT; and Sundar Subramaniam, an MIT Sloan alumnus.
Previously, the startup completed the LearnLaunch Accelerator program in 2015 and it raised $675,000 in seed in November of that year.
Featured image via Federico Feroldi, CC BY-SA 2.0.
