Certification platform Confirmation A series of $ 11 million has increased, led by Cherryrock Capital, said this week.
The company was founded by Ruben Garcia, Tyler Meadlin, Pablo Meyer and Federico Lopez in 2019, allowing organizations to develop certification exams for its founders, say much less cost than traditional methods.
Certifications are an old method for acquiring technical skills to enhance employment prospects, as well as to achieve sovereignty in a particular subject.
The company says it works with a series of companies from the Linux Foundation technology at the Hashicorp software company.
Garcia CEO is not young in the certification industry. Previously he founded (and sold) innovative exams, a service-service company that also provided exam delivery services.
Being certified may be “life -changing events for leaders and professionals,” he said, but added that it could cost a company up to $ 150,000 to develop certification and exam programs.
“Our customers have developed up to 10 in a year on our platform for less than $ 10,000 per exam,” he continued.
He added that it usually takes about a year to create an exam using old -fashioned providers (such as Pearson Vue and Prometric).
“Our business model is aligned with the interests of our customers and we are creating the majority of revenue as soon as their exams start and their professionals are getting,” Garcia continued.
He used the word “focused” to describe his efforts to raise funds. Certiverse started raising funds in early January, placing about 50 businesses over 45 days.
“I stayed focused on the result,” Garcia said. “Find the right investors, fast, who believe in the vision and can help us escalate from here.”
He met with Cherryrock’s team through one of his existing investors. Chingona Ventures, Hyde Park Venture Partners and Zeal Capital Partners also participated in the round. Certiverse has increased just over $ 16 million in total to date, the company has told us.
Garcia said fresh capital would be used to add more automation to the platform, making it easier to create exams.
“Our goal is to focus on the scale and build the platform to start 1,000 new customers and partners at Certiverse,” he said.
This story was informed to reflect the year the company was founded.
