The PennZone

  • Home
  • Business
  • Health
  • Financial
  • Education
  • Legal
  • Entertainment
  • Non-profit
  • Construction

EdTech Startup Builds on Early Traction in Remote Proctoring with New Crowdfunding Round
The PennZone/10145577

Trending...
  • IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
  • Suzanne Harp named Managing Director in Texas, USA
  • Penn Mutual Earns 2025 Great Place To Work Certification™
Proctor360 was named a Top EdTech Startup of 2020 Proctor360's Patent Pending 360 Total View Headset Proctor360 Invest In Future Of EdTech Proctor360 Co-founder & CEO - Ganga Bathula Proctor360 Co-founder & CTO - Kranthi Bathula
Proctor360 Announces New Offering on Netcapital Funding Portal

RICHMOND, Va. - PennZone -- In 2019, Proctor360 founders Ganga and Kranthi Bathula raised a little over 80 thousand dollars with Regulation Crowdfunding to turn their radical concept for remote exam monitoring into a reality.  Now, just a bit over two years later, they're taking the company they've grown to the next level with a new offering on the Netcapital funding portal.

Proctor360 is an EdTech company that develops technology and services for remote proctoring, which involves the monitoring of online exam sessions to prevent cheating.  While that submarket within E-Learning was already growing prior to COVID-19, since the pandemic the demand has increased significantly (and is projected to reach $1.34 billion by 2027).  Schools, colleges, professional certification organizations, and training programs around the world have adopted remote proctoring services in order to move their exams online.

More on The PennZone
  • Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
  • Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
  • VIP Vacations Honored as One of the Top 25 Group Accounts for Classic Vacations for 2024
  • DICK'S Sporting Goods Announces DICK'S Deal Days, a Four-Day Summer Savings Event
  • AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)

CEO Ganga Bathula commented, "Since that first seed round, we completed production of Version 1 of our patent pending 360-degree testing headset and developed our own software solution for remote exam monitoring.  When the pandemic forced the closure of testing centers nationwide, we saw an opportunity to expand our cloud-based software into a SaaS proctoring solution that allows testing centers to proctor exams remotely.  These milestones enabled us to acquire our first customers and start generating revenue."

The company now offers a flexible array of remote proctoring services and they've acquired several customers that include online schools, traditional college test centers, professional certification organizations, and a Fortune 100 company whose employee certification tests include content that is governed by national security laws.  That last one is by virtue of how they've leveraged their existing software in the cloud and created a siloed version that meets the requirements for Export-Controlled Information.

More on The PennZone
  • Construcción del Corredor Norte–Sur (NSC) de Singapur
  • New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
  • Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
  • Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
  • DimHum Launches Revolutionary CrowdShipping Service

According to the founders, this new investment offering is all about accelerating growth.  "We've managed to achieve a great deal with very little investor backing so far," said CTO and Co-founder, Kranthi Bathula.  "It's always been important to us that we remain lean and efficient.  Now that we've reached the market and developed real traction, it's time to build out our sales operations and increase our headset production so that we can grow faster and capture market share."

The time could be right for investors to identify early stage companies in the E-Learning market.  According to analysis by Global Market Insights, E-Learning is projected to reach a total market value of $1 trillion by 2027.  For companies that develop unique and scalable solutions in EdTech, there is a lot of opportunity for the foreseeable future.

The Regulation Crowdfunding offering for Proctor360 Inc. is active now on the Netcapital funding portal at https://netcapital.com/companies/proctor360-inc.

Contact
Scott Crumpler
***@proctor360.com


Source: Proctor360 Inc.

Show All News | Report Violation

0 Comments
1000 characters max.

Latest on The PennZone
  • AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
  • The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
  • $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
  • Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
  • Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
  • BeyondTrucks CEO Wins Gold Stevie® Award for Best Entrepreneur in Transportation
  • Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
  • Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
  • C8C.AI Launches Audio Compliance Engine to Streamline Ethical AI Audio Data at Scale
  • Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
  • Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
  • Winners Announced for Asia Pacific Business Awards 2024-2025
  • Medwave Recognized Among Top 10 Medical Billing Companies in USA by MedicoLeads
  • Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
  • Why HVAC Cleaning Is So Important In Philadelphia
  • Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
  • NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
  • Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
  • Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
  • Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits

Popular on PennZone

  • AI in Healthcare Just Crossed a Tipping Point. Investors Are Watching These Names - 176
  • Handel's Ice Cream Celebrates Grand opening Event in Rialto, California - 103
  • Real Estate CEO Launches Explosive New Book After $275,784 Wire Fraud Incident
  • Western Carolina Emergency Network Accepts 2025 ReadyCommunities Partnership/CCROA National Service Award for Collaboration to Augment Local Response
  • JMC Princess Announces Release of Empowering New Single "PRETTY" – A Summer Anthem for Young Girls Everywhere
  • Kaplan Morrell Applauds Passage of Landmark Workers' Compensation Reform in Colorado
  • Levitt Pavilion Los Angeles Summer Concert Series 2025
  • Conexwest Unveils 20ft Ground-Level Mobile Office Container with Integrated Restroom
  • Rediscovered Christopher Lee Recording 'Elenore' Re-Released to Mark 10th Anniversary of His Passing
  • The World's No.1 Superstar™ Silences His Own Husband with Legally Binding NDA — "Call Him Mr. Sidow Sobrino" Now Law

Similar on PennZone

  • Digital Watchdog Launches New myDW Cloud Services
  • AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
  • Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
  • Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
  • $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
  • $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
  • Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
  • Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
  • Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
  • AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
Copyright © The PennZone | Theme: OMag by LilyTurf Themes
  • Contribute
  • Privacy Policy
  • Terms of Service
  • Contact Us