Eduworks
AI-powered competency and talent management software solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | $2.0m | Seed | |
| Total Funding | 000k | ||
Founded in 2001, Eduworks Corporation develops data-driven software for training, education, and talent management. The company specializes in applying artificial intelligence, machine learning, and data science to analyze text and manage skills, thereby improving learning processes and organizational efficiency. The executive team includes Elliot Robson as CEO and Ronald (Fritz) Ray as CTO.
Eduworks' core offerings revolve around competency-based technologies that assist in managing, developing, and delivering effective training. One of its key products is the Competencies and Skills System (CASS), which provides services to implement competency-based education and workforce development programs by allowing organizations to define, manage, and access competency frameworks and records. Another significant platform is the Common Architecture for Distributed Readiness and Evaluation (CADRE), which integrates training development with competency frameworks to ensure training aligns with job requirements. These technologies enable clients to create and view user competency profiles, align resources with skills, and track learning progress.
The company's business model focuses on providing these specialized software solutions to a diverse client base that includes government, corporate, and academic organizations. It has secured numerous contracts with federal agencies like the Department of Defense, DARPA, and the Department of Homeland Security for research and development projects. Revenue is also generated through venture capital funding, with the company having raised $5.5M in a later-stage VC round in July 2023, and grants, such as a $6 million cooperative agreement from the National Science Foundation for its AI-powered competency modeling platform.
Keywords: competency management, talent analytics, AI in education, machine learning, data-driven training, workforce development, learning management software, skills management, competency frameworks, talent management, corporate training solutions, government contract, defense training, instructional design, text analysis, data science