Certiverse, a certification platform that enables organizations to develop certification exams at a significantly lower cost, has raised $11 million in Series A funding led by Cherryrock Capital. The company, founded in 2023 by Ruben Garcia, Pablo Meyer, and Federico Lopez, aims to disrupt the traditional certification industry with its innovative approach.

Certification exams have long been a valuable tool for individuals to gain technical skills and boost their job prospects. However, developing these exams can be a costly and time-consuming process for organizations, with costs reaching up to $150,000. Certiverse's platform offers a more affordable solution, allowing clients to develop up to 10 exams in a year for less than $10,000 per exam.

The company has already gained traction with a range of clients, including the technology nonprofit The Linux Foundation and the software company HashiCorp. CEO Ruben Garcia, who previously co-founded Innovative Exams, a testing-service company that provided exam delivery services, brings extensive experience in the certification industry to Certiverse.

Garcia emphasized the significance of certification exams, stating that they can be "life-changing events for leaders and professionals." He also highlighted the inefficiencies of traditional methods, which can take up to a year to develop an exam. In contrast, Certiverse's platform streamlines the process, making it easier and more cost-effective for organizations to create and deliver certification exams.

The $11 million Series A funding will be used to add more automation to the platform, further simplifying the exam creation process. Garcia expressed his enthusiasm for the investment, stating that the company's goal is to "focus on scale and build out the platform to launch 1,000 new clients and partners on Certiverse."

The fundraising process was a swift and focused effort, with Garcia pitching to around 50 firms over 45 days. He credited his existing investors for introducing him to the Cherryrock team, which led the round. Other participants in the round included Chingona Ventures, Hyde Park Venture Partners, and Zeal Capital Partners. To date, Certiverse has raised a total of $16 million.

The investment is a significant vote of confidence in Certiverse's innovative approach to certification exams. As the company continues to scale and expand its platform, it is likely to have a profound impact on the certification industry, making it more accessible and affordable for organizations and individuals alike.

With its sights set on launching 1,000 new clients and partners, Certiverse is poised to revolutionize the way certification exams are developed and delivered. As the industry continues to evolve, Certiverse's platform is well-positioned to become a leading solution for organizations seeking to upskill their workforce and individuals looking to enhance their career prospects.