Yet Analytics, Inc.

Yet Analytics provides a comprehensive Learning Record Store (LRS) designed to facilitate complex learning environments via Experience API (xAPI) standards. Their flagship product, SQL LRS, enhances training analytics across diverse sectors. Yet Analytics, Inc. was founded in 2014 in Baltimore, US, specializing in the development of learning analytics solutions.

The company raised USD 1 million in Seed funding on January 10, 2017, from investors including Grotech Ventures, TCP Venture Capital, and Baltimore Angels. Kristy Rogers serves as the CEO, while Shelly Blake-Plock is the founder of the company. Yet Analytics specializes in providing a robust Learning Record Store (LRS) that supports complex learning ecosystems through the implementation of Experience API (xAPI) standards. Their flagship product, SQL LRS, offers a scalable and secure platform for tracking and analyzing learning experiences across various environments, including immersive training and Learning Management Systems (LMS).

This solution enables organizations to operationalize learning data effectively, enhancing their training and educational programs. The company targets sectors such as government, education, and industry, serving a diverse client base that requires advanced capabilities in learning analytics, learning engineering, and data standards implementation, primarily in North America, Europe, and Asia. Yet Analytics generates revenue through a tiered subscription model, offering clients varying levels of support licenses tailored to their xAPI implementation needs. This model allows organizations to select the service level they require, enhancing access to SQL LRS and associated tools.

They engage in B2B transactions, partnering with educational institutions, corporations, and government agencies to deliver customized learning solutions. Revenue is linked to product adoption, with clients subscribing to different service tiers that include additional features and support, ensuring their diverse needs are met effectively. In January 2017, Yet Analytics, Inc. raised USD 1 million in Seed funding, which will be utilized to develop new products and expand their market presence.

The company is focusing on designing enhancements for their SQL LRS and plans to enter new geographic regions, including Europe and Asia, by the end of 2023. This strategic funding will support the execution of their expansion plans and the introduction of innovative features to their offerings.