Deals

Examity Raises $21M in Funding
Date: 
Thursday, March 2, 2017
Location: 
Natich
Categories: 
Consumer
EdTech
SaaS
Deal Type: 
Funding

Examity, the worldwide leader in proctoring and identity verification for online tests, today announced that it has secured a $21 million investment from University Ventures, an investment firm that backs entrepreneurs and institutions reimagining the future of higher education, and Inherent Group, an impact investment firm that supports companies addressing societal challenges. Examity will use the funds to expand its industry-leading online proctoring platform, which makes testing more efficient, secure, and convenient for higher education institutions and other organizations.

The number of students taking college courses online has skyrocketed in the past decade, reaching nearly 6 million in 2016 in the United States alone. With more than a quarter of all U.S. students taking at least one course online, colleges and universities have driven demand for technology solutions that can ensure the quality and integrity of online programs. Market leader Examity partners with a diverse cross-section of public and private institutions, including Texas A&M, the University of Wisconsin, and Yale University, to implement sophisticated remote proctoring solutions that can be customized to meet the needs of individual institutions and programs... READ MORE