Though not officially posted at the time of writing of this profile, Literably is indicated as (in May 2022) having been in receipt of a $1M SBIR Phase II award from US DoEd. The firm is described as a diagnostic digital reading assessment platform structured around the replication of teacher-administered assessments online - thereby enabling those educators to know every reader - with the Literably platform providing the User with a timely, accurate and actionable picture of each student's reading capabilities and challenges. Schools are described as using Literably capabilities as a means to address the four primary challenges with conventional teacher-administered reading assessments: (1) efficiency, (2) consistency, (3) data access and (4) instructional next steps -- using what is described as a blend of normed human grading and speech recognition to score two reading assessments online for schools and districts: Oral Reading Fluency (ORF) and Foundational Skills (FS). Currently serving over 200,000 students at over 500 schools in 34 states, research led by a professor at the Stanford Graduate School of Education has shown that Literably ORF can predict student performance on the Smarter Balanced assessment.