Stakeholders Across the Education Ecosystem Rely
on Authentica Solutions to enable faster, more secure, and
higher quality Intelligence Provisioning and they are just getting
started.
ATLANTA , June 27,
2024 /PRNewswire/ -- Authentica Solutions™, a leader
in data integration and intelligence management solutions for the
education sector, today announced the successful completion of a
$6.2 Million Series Seed funding
round led by Owl Ventures, the largest EdTech focused venture
capital firm globally. The company's Education Intelligence
Platform, Authentica seed™, empowers stakeholders across the
education ecosystem by providing the flexibility, security, and
clear data ownership needed to support their evolving technology
investments that drive learning outcomes.
![Authentica Solutions Horizontal Logo https://authenticasolutions.com Authentica seed, phoenix, medicaid, special education, data integration, modern data estate, edtech, education Authentica Solutions Horizontal Logo https://authenticasolutions.com Authentica seed, phoenix, medicaid, special education, data integration, modern data estate, edtech, education](https://mma.prnewswire.com/media/2449477/Authentica_Full_Color_Horizontal_FINAL_01_00_Logo.jpg)
The infusion of capital will further Authentica Solutions'
mission to accelerate from data management to intelligence
management, while making substantial advances toward solving
interoperability in the education sector. Authentica's mission is
to empower institutions to unlock the full potential of their data
investments to achieve actionable decisions. Authentica
accomplishes this by enabling exceptional integration, automated
data quality improvement, and top-tier data management and
provisioning within a secure single source of intelligence.
"We are thrilled to partner with Owl Ventures as we continue our
journey to transform data interoperability in education," said
Russell Long, co-founder and CEO of
Authentica Solutions. "We believe the experience and expertise from
the Owl team will further empower our customer-centric culture and
help us expand our solutions designed to transform how the
education ecosystem manages their intelligence."
The education community is very dynamic and has dramatically
changed since COVID with a focus on serving K-12 school districts,
higher education at all levels, departments/ministries of
education, edtech software providers (enterprise and web based),
systems integrators, and key strategic partners. The importance of
having explicit clarity in the development of an exceptional
ecosystem focused on academic growth, coupled with solutions that
empower true data ownership for our customers is clear.
"A foundational principle behind the design of the Authentica
seed™ platform is to ensure educational institutions have complete
control and ownership over their data," noted Long. "We can deliver
these capabilities by bringing proven, enterprise-level cloud
technologies from the commercial world to propel learning
intelligence."
"Authentica has such a deep background, backed by an amazing
team. Working to solve insanely complex challenges in education,"
noted Long, "The market is ready for an enterprise cloud solution
that can satisfy the never-ending demand for interoperability and
quality of data to deliver actionable analytics and the responsible
use of artificial intelligence (AI)."
Owl Ventures, known for its extensive portfolio of leading
EdTech companies and with over $2
billion in assets under management, recognized the
transformative potential of Authentica Solutions' team and
experience. "We are excited to partner with Authentica Solutions
and support their innovative approach to data management in
education," said Amit Patel,
managing director of Owl Ventures. "Their commitment to delivering
exceptional value aligns perfectly with our mission to invest in
companies that are shaping the future of education."
"With this investment we are poised to accelerate advancements
in our platform, driving greater efficiency and insights for
educators, administrators, and students," added Gene Garcia, co-founder and CTO of Authentica
Solutions. "Our goal is to create a seamless and secure data
ecosystem that supports the diverse needs of the education
community and its partners."
As Authentica Solutions expands its impact, the company remains
dedicated to its core values of servant leadership, high
accountability, and ethical principles. The new funding will enable
the team to scale operations, invest in research and development,
and broaden their reach to more institutions and EdTech partners
seeking innovative data solutions.
Looking to the future, Authentica Solutions is also innovating
in advanced research with a project currently in stealth mode:
Authentica reach™. Authentica reach™ will be an enterprise platform
built directly upon the Authentica seed™ platform, empowering K12
institutions with advanced intelligence, accessibility, and an
AI-driven system to support all individuals involved with students
with diverse needs.
Authentica Solutions is excited to continue the journey with
EduLab Capital Partners who also participated beyond their initial
November 2023 investment as part of
the Series Seed closing. "We're thrilled to deepen our
relationship with Authentica and assist leadership with
international expansion through our own platform in Asia," said Liam
Pisano, Managing Partner at EduLab Capital
Partners.
Long and Garcia also commented, "We also recognize an early
investor and contributor, the late Steve
Liffick. His contributions and vision for serving the
education space globally will continue to live forward through
those of us he influenced directly."
About Authentica Solutions
Authentica Solutions is a leading provider of intelligence
management, data integration and the EduLake™, a Modern Data
Estate, for the Education sector. Founded by Russell Long and Gene
Garcia, Authentica Solutions has a proven track record of
innovation and impact across the global education landscape. The
company's flagship product, Authentica seed™, is an Education
Intelligence Platform that empowers institutions to unlock the full
potential of their data through exceptional integration, automated
quality improvement, AI, and top-tier data management. Authentica
Solutions drives change through Authentica seed™, Medicaid solution
engineering services, and Authentica phoenix™ Special Education
software. Authentica seed™ is currently offered in United States and Canada with planned expansion into
Asia, Australia, and UK in the near future.
Authentica serves K12 school districts, Higher Education
Universities and Colleges, Departments and Ministries of Education,
Education Software Providers (EdTech), System Integrators, and
Strategic Partners. For more information, visit [Authentica
Solutions](https://authenticasolutions.com).
About Owl Ventures
Owl Ventures is the largest venture capital firm in the world
focused on the education technology market. With over $2 billion in assets under management, Owl
Ventures invests in the world's leading education technology
companies across the education spectrum encompassing early
childhood, K-12, higher education, and career mobility/professional
learning. The firm has deep domain expertise and leverages a global
network of Limited Partners, investors, and strategic partners to
help entrepreneurs scale their businesses into transformative
category-leading companies. [Owl Ventures] (https:owlvc.com)
About EduLab Capital Partners
EduLab Capital Partners is a seed stage venture capital firm
focused exclusively on the education market, investing in business
models that transcend the traditional education landscape. The
Company's Boston- and Tokyo-based team provides foundational support
to entrepreneurs to help expand their customer base, make key
early-stage hires, and raise additional capital for profitable and
sustainable growth. EduLab's education market savvy and artificial
intelligence expertise provide unique leverage points for its
investments, while the Company's network of global partnerships and
distribution channels provide its portfolio companies with the
depth and reach to quickly accelerate product integration and
impact. For more information, visit EduLab Capital
Partners.
For media inquiries, please contact:
Russell Long
CEO/Founder
Authentica Solutions
214.450.5338
media@authenticasolutions.com
Malvika Bhagwat
Partner and Head of Outcomes; Portfolio Services
Owl Ventures
malvika@owlvc.com
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SOURCE Authentica Solutions