AstrumU, Inc.

AstrumU, Inc. is a technology company that offers a skills verification platform aimed at aligning educational outcomes with market demands, thereby addressing the global talent shortage in a structured manner. Founded in Kirkland, US in 2017 by Adam Wray, AstrumU, Inc. specializes in providing a skills verification platform.

The company has successfully conducted 4 deals, with the most recent funding round being Series A on July 28, 2020, where it raised USD 7. 65 mn led by Kingdom Capital, along with participation from City Light Capital and KCRise Fund. Adam Wray, the CEO and founder, has a history of entrepreneurial ventures, contributing to the development of innovative solutions in education and workforce analytics. AstrumU's primary product offering centers around its skills verification platform, designed to transform fragmented data into a unified skills profile that provides comprehensive visibility into the capabilities of a workforce.

This technology facilitates the alignment of skills acquired through education with those demanded in the job market, addressing the critical talent shortage projected for 2030, where over 85 million jobs globally may remain unfilled due to a lack of skilled workers. The platform integrates seamlessly with existing HR and educational data systems, allowing organizations to leverage an extensive dataset that includes over 209 million learner records and 3 million verified individuals. AstrumU serves a diverse clientele, including educational institutions and enterprise-level organizations across various geographical markets, notably in North America and Europe, where the demand for personalized skills development and workforce analytics is growing rapidly. AstrumU generates revenue through a subscription-based model for its skills verification platform, which includes middleware solutions that integrate with existing HRIS, HCM, or ATS systems.

Clients typically engage with the company to enhance their current data management processes, benefiting from tools that measure skills at an individual level and provide real-time insights. These transactions often involve annual contracts with educational institutions and enterprises looking to improve their talent acquisition and retention strategies. While specific pricing details for individual services are not disclosed, the company offers tailored solutions that include skills measurement tools and automated data transfer services, allowing clients to optimize their workforce planning and development processes, ultimately enhancing their return on investment in human capital. AstrumU plans to leverage the recent Series A funding of USD 7.

65 mn raised on July 28, 2020, to develop new products and enhance its skills verification platform. The company is focused on expanding its operations into new markets in Europe and Asia by the end of 2023, aiming to address the rising demand for workforce analytics in these regions. The funding will be utilized to support product development initiatives and strengthen market presence, thereby facilitating partnerships with educational institutions and enterprises looking for innovative workforce solutions.