ProctorFree, a Charlotte, NC-based provider of technology solutions to the higher education and business markets in the form of automated exam proctoring for students taking online assessments, raised a funding round of undisclosed amount.
The round was led by Real Ventures with participation from Task Force X Capital and other individual investors.
The company intends to use the funds to enhance its technology, accelerate sales and marketing, and add key new hires.
Founded in 2012 by Mike Murphy and Velvet Nelson, ProctorFree provides an on-demand, automated online proctoring service that deters cheating in an online testing environment using biometric and machine learning technologies. .
Prior to this financing, the company was an NC IDEA Grant Fund winner and had received angel investments from several esteemed individuals located in the greater North Carolina region.