Proctor360 is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$198.00 minimum investment

Proctor360

Take Any Exam Anywhere

Small OPO
Richmond, VA
Education
Accepting International Investment
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Redefining The Way You Take Exams

Invest in Proctor360!

Learning and testing go hand in hand; knowledge is verified through testing and is a crucial part of education. In recent years the education field has been growing, especially online education which has gained tremendous traction due to its convenience. Similar to online education, remote (independent of location) testing, its counterpart has also been a growing market.


Online proctoring/invigilation is increasingly being used in education and workforce certification throughout the world. It offers students and professionals the option to take tests remotely in a comfortable environment of their choosing.


However, there are still many unanswered questions related to exam security, fairness, and content protection due to the lack of comprehensiveness and advance technologies. Current web based technologies just can't provide the required authentication and fairness due to weaknesses in remote test delivery. In a recent study 33% of students admitted to cheating on online exams. There are many companies and colleges that are apprehensive about moving to online testing due to its limitations.


For that reason, we developed Proctor360 - a service that introduces revolutionary tech to the remote testing market.



Our unique headset with a mounted 360° camera is able to get a full view of the testing space, it also includes a mic and speaker for communication. We see what the test taker sees, hear what they hear, and know what they touch; we are able to cover all bases with our system. This technology coupled with our trained proctors allows us to be the most comprehensive and fair option on the market.


The remote proctoring market hasn't changed for 10 years. By using the same single camera technology, test takers have adapted to exploit a system with a limited field of view. There is a need for new tech that can supplement this. Thus, the market potential for Proctor360 is huge. Remote testing is estimated to grow to a $10 Billion global industry by 2026 and we plan to play a role!

What is Proctor360?

We believe the Proctor 360 to be the first of its kind - The most comprehensive and secure remote testing option on the market. 


Proctor360 is a service that allows test takers to take any exam from the convenience of their home or office while preventing any chance of cheating or content theft.


Our patent pending headset uses a 360° camera to gain a complete view of the testing space.


The headset consists of the 360° camera, a mic to enable listening of the space, and a speaker to communicate with the tester. This coupled with a computer camera and lockout web browser allows us to get multiple angles of the testing environment.


We monitor:

  • The overhead 360° view of the testing space
  • A front view of the tester
  • Any noise in the area
  • A screen capture of the user computer

                                                  -All data is fed Live to our                                              proctors and is Recorded for future audit!


Our certified proctors are trained to thoroughly monitor the environment and lookout for cheating behavior.

Threats in unsecured online Proctored Testing

User Experience: Only a 4 Step Process

The Offering

Investment


$2 / share of Class B Common Stock│When you invest you are betting the company’s future equity value will exceed $1.3M.


For details on the bonus, please see the Offering Summary below.

Current Options & Why Proctor360 is a Better Solution

Our Products

We offer a range of options to our customers and are able to provide a variety of security services based on their needs. 

Any of the security levels can be used for Web Based, Paper Based, or Hybrid Exams.


Level 1-High Security uses the Proctor360 headset to monitor exams live, this allows the proctor to intervene if any cheating occurs and immediately end the exam.


Level 2-Medium Security uses the headset to record exams for later review, a proctor will watch the footage at a later time and verify no cheating has occurred.


Level 3 & 4-Low Security uses just the computer webcam. This option is available for testing that may not need high security. The live and auto proctoring options are available for low security as well.


All exams are recorded, this includes: the 360° view, front facing view, screen capture, and sound from the microphone for future audit if necessary.


We expect most of our customers to use High or Medium Security for their proctoring needs. The Low Security option is what's currently available on the market, we include this to be a single solution for all proctoring needs. We are able to offer more options to our customers and compete in the market.

Revenue Model



The cost of taking an exam ranges between $15 to $35, we expect an average revenue of $25 per exam. The cost varies depending on the length and security needed. Contracts with partners who offer a higher volume of users may be allowed volume discounts.


An average customer life span is between 1 to 4 years; this mainly includes college students. Professional certifications often expire after a period of time and require recertification, making these customers return to Proctor360 for as long as 10 years.


In our base year of commercialization, 2019, Proctor360 will have three streams of revenue flowing directly from remote proctoring. As the graph of our growth projections indicates, these categories of services, low security, medium security and high security, will shift over time as we gain customers and the industry transition of exams reserved for test centers are able to move to remote testing.


We plan to scale and add two additional streams of revenue through our channel partners in 2020 and beyond.


2019 revenue source:

  • Direct Partners: High Security Exams
  • Direct Partners: Medium Security Exam
  • Direct Partners: Low Security Exam

2020 revenue source:

  • Channel Partners: High Security Exams
  • Channel Partners: Medium Security Exams

At present, 2019 is forecasted to generate a revenue of about 2 Mil with a Test Volume of 96,000 tests at an average revenue of $25/test.

Market Opportunity

The Global E-Learning market is a $91 Billion industry, this includes education as well as all forms of testing. The Global Computer based Testing Market is a $42 Billion industry, this includes remote testing as well as testing done in testing centers. With our secure and comprehensive system, we are able to tap into this $42 Billion market. Companies and universities still use testing centers because current remote testing options are not secure, Proctor360 solves this problem and is able to transition tests taken in test centers to being remote, making even high stakes testing available anywhere at any time. The driving force behind this is not only convenience and comfort but also an estimated 25% savings on overall cost when using remote testing.


The US alone has a $60 Million market for remote testing; the number of students taking online courses reported going up to 6 Million in just 2016.  We are able to tap into that by giving companies and universities a more secure option that prevents their students from cheating and puts everyone on an equal playing field by promoting fairness.


What is the expected growth of  Online Proctoring / Remote invigilation market?
Expected to reach $10 Billion by 2026


How does this Disrupt a Traditional Industry?

Proctor360 provides a Technological Breakthrough that Enables Secure, Fair and Affordable Remote Proctoring Services to your home, office or any other place of your choice. Based on our research, the Proctor360 is the first of its kind to provide a totally secure remote testing solution. After 10 years of the same technology, test takers are savvy enough to set up their environment to exploit single cameras with less than a 170° view. Proctor360 is able to supplement that gap by using its novel mounted 360° camera headset.


How big is the opportunity?

The market for eLearning is growing. The growth of online colleges and degrees available over the past 10 years is exponential. More employers are requiring certifications for the workplace. So, as eLearning grows and the workplace demands more certifications, so must its counter-part, testing.

Students and Professionals will no longer have to travel and take exams in uncomfortable environments, Proctor360 lets you test at home for greater professional development.

Marketing & Growth Plan



Our goal is to target partners that can benefit from using the Proctor360 system. Our partners are divided into two groups: Channel and Direct. 


Channel Partners are companies where our headset compliments software they have developed. This includes mainly professional certification exams where high security is needed and the tests have complex questions. Most of these exams are limited to testing centers but want to transition into remote testing due to savings on cost; up-till now there was concern due to a lack of security in remote testing but through Proctor360 the option is now available.


Direct Partners include schools and companies where we are able to use standard software to monitor testing. They service primarily online students who have to travel to testing centers regularly to take their exams. Now they can truly be remote with this technology.


Currently, we use targeted email blasts with a feedback system that lets us know who is interested in our service. We contact them to schedule a demo, here we show them how our service can benefit their organization.

To effectively show how our service is the most comprehensive and fair we plan to hire an outside firm to compare and test all forms of online proctoring on the market. We believe this would show customers how and where other companies fail to provide security and that we are able to do it better. This data will motivate schools to switch to a more secure option that can accommodate various levels of security and is the most fair for their students.


Eventually we plan to develop our own platform software, this will cut down cost as we will no longer be dependent on a third party provider. We also plan to integrate A.I. in our developed software to auto-recognize cheating behavior.


Online proctoring is a rapidly growing market and therefore causing mergers and acquisitions. Just in 2018 there were two mergers of proctor companies. (Ref: Business Wire, Crunchbase)



What We Have Accomplished So Far

The idea for this company was created in May 2018; in a short period of time we have accomplished a lot. The founders of the company have worked in the proctored testing field for many years; by running/working at testing centers for 8 years we were able to see the direction proctored testing is going as well as establish the required contacts. The connections made through the years have aided in expediting the process and allowed us to get in contact with big players.


So far we have designed a final version of the headset. We have gone through multiple iterations and currently have working prototypes. We have applied for a patent and the device is patent pending. The founders of the company currently own the patent and plan to transfer it over to Proctor360 Inc. We have tested our device with the software platform and show that they work together. We are pre-production but will be ready soon.


We have talked to various companies and colleges who work in the testing field and do online testing. They see the value in our service and are interested in using it once we have scaled.


Our executive board and advisory board has been established, it includes people extremely experienced in testing and business.


Currently, we are in the negotiation process with ProV to license the headset for their testing needs.


The next step for Proctor360 is to scale up and hire people who can help in growing the business.

The Relationships we've Developed

The Team Behind Proctor360

Our team consists of experienced individuals who have worked in the proctoring industry for years and/or have developed businesses in the past. With over 50 years of combined experience, we are able to make the decisions necessary to effectively impact the market.  We see the advantages and the opportune timing of Proctor360 being introduced as a modern solution to remote testing.

By building a strong coalition of certified proctors, promoting the security of 360° surveillance, and relying on the deep and broad experience of each member of our team, we are confident that we can disrupt the testing industry with our technology.


Invest in Our Company Today!

Offering Summary


Company

:

Proctor360 Inc.

Corporate Address

:

1311 High Point Ave., Richmond, VA 23230

Offering Minimum

:

$10,000.00

Offering Maximum

:

$107,000.00

Minimum Investment Amount

(per investor)

:

$198.00











Terms


Offering Type

:

Equity

Security Name

:

Class B Common Stock

Minimum Number of Shares Offered

:

5,000

Maximum Number of Shares Offered*

:

53,500

Price per Share

:

$2.00

Pre-Money Valuation

:

$1,260,000.00










*Maximum subject to adjustment for bonus shares. See 10% Bonus below


The 10% Bonus for StartEngine Shareholders

Proctor360 Inc. will offer 10% additional bonus shares for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.

StartEngine shareholders who invested $1,000 or more in that StartEngine Reg A offering will receive a 10% bonus on this offering within a 24-hour window of this offering’s launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 100 shares of Class B Common Stock at $2.00 / share, you will receive 110 Class B Common Stock, meaning you'll own 110 shares for $200. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.


Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Any expense labeled “Travel and Entertainment”; Vendor payments; Any expense labeled “Administrative Expenses” not strictly for administrative purposes; Inter company debt or back payments

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Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Let us put it a different way...

11 hours ago

Watch this brief video about the market, our product, and our offering:


Proctor360 Hailed As "Top Online Proctoring Service" Ahead Of Product Launch

6 days ago


Learning Light, a leader in eLearning strategy, featured Proctor360 in an article this week covering cutting edge companies in the Online Proctoring segment, and they've singled us out as a "game-changer" in the market!  Learning Light consults for organizations to implement best-practice eLearning systems, and they recognize the value of our product and technology to the marketplace.  As we approach the soft launch of our product, they've taken the extraordinary step of including Proctor360 in their list of Top Online Proctoring Services worldwide.

Here are the highlights:

  • "The global computer based assessment market is worth an estimated $42 billion. It is forecast to grow very strongly due to the increasing internationalisation of education, increasing MOOC usage, and the demand for certification and regular re-certification from an increasing number of professionals."

     

  • "We see remote invigilation – live, online identification and monitoring of the candidate taking an exam – as the next step for computer based assessment. Both in terms of technology and convenience, we believe this $42 billion market is ready to be tapped by remote invigilation."

     

  • "New technology that uses a lightweight headset with a 360 degree camera has been developed by Proctor360, and this could be a game-changer for the market. The headset can be mailed out to learners for their examinations, then returned for refurbishment and mailing out to the next student. "

What does this mean to our investors?

It means you're not alone in recognizing the potential value of our product to the market.  Industry experts see our technology as a major leap forward, and we see recognition like this as a real validation of the investment you make in Proctor360.


Scott Crumpler Joins Tech Startup Proctor360 As Advisor

8 days ago


Scott Crumpler has joined the remote testing tech company Proctor360 as an advisor as they begin seeking investment for their 360° online test proctoring technology.  Scott’s twenty year career as a marketing professional has spanned multiple roles helping companies to develop successful strategies at various stages.  As Proctor360 prepares to launch their patent pending hardware for secure online testing, Scott Crumpler will advise them on funding strategy and initial market penetration.

“I’ve maintained a successful career, because I choose very carefully the companies I work with at the startup stage,” commented Scott, who last year shepherded Jinglz Inc. through their top-performing Equity Crowdfunding campaign on StartEngine as their Senior Marketing & Business Intelligence Strategist.  “Proctor360 has developed technology for the online learning & testing market that will dramatically improve security and proctoring in remote testing environments.  In a landscape where required professional certifications are becoming more and more prevalent, Proctor360 is introducing a product that reduces the cost of secure testing while also improving the validity of online test results.  That’s huge.”

Proctor360 CEO, Ganga Bathula, is uniquely suited to lead a company into this marketplace, as he currently operates two traditional certification testing centers in the Washington D.C. area and has also been developing enterprise-level ERP software solutions for over fifteen years.  “Over the next five or six years, the online testing industry is expected to grow to ten billion dollars.  With Scott Crumpler’s help, we’ll fund the launch of our 360° monitoring technology for at-home online testing, and we’ll be the first to market with this kind of product.”

Proctor360 Soft Launch

13 days ago

In the past few weeks we have been preparing for our soft launch on Feb 28th. It will be hosted at the Mason Enterprise Center, conference Rm. A in Fairfax, VA from 12:00-2:00 EST. If anyone is in the area, we welcome you to join. You may also attend via WebEx link: https://tinyurl.com/Proctor360SoftLaunch

During the soft launch we will be speaking about the current limitations in testing and show colleges and companies how they can use our system to deliver their exams. This is a great way for us to reach a large audience and bring on partners to work with us.

Proctor360 Pitch Demo Completed Successfully!

25 days ago

If you missed our demo you can watch the video (about 6 minutes) here. Encourage your friends/families to support us with our investment campaign!



Proctor360 Pitch at Demo Day : Tomorrow 10.40 AM to 11.10 AM EST (7.40 AM to 8.10 AM PST)

27 days ago

We are happy to announce that we'll be participating in StartEngine's first Demo Day of 2019, this Friday, January 25th! We'd love for you to join and learn more about our company.Come support us at 10:40 AM EST/7.40 AM PST, and follow us on StartEngine for further updates!
Be part of an innovation in technology where college students and the workforce can take their exams directly from home. Proctor360 uses a patented headset with a mounted 360° camera to make this possible. Now students can take Computer based, Paper based and even Hybrid exams directly from home. 

Click to Join Demo Day and Ask Any Question.

We’re proud to be a part of this revolutionary technology and provide a secure online solution for home/office exam delivery through the Proctor360 system. We invite you to learn more about our campaign here. You’ll find information on our business, growth plan, financials, investor benefits, and much more.

We need your support to make this possible.


Demo Day Update

27 days ago

This Friday (Jan 25th) we are participating in StartEngine’s January Demo Day. We will be presenting about problems in current testing and how Proctor360 is the most comprehensive solution. We encourage anyone who has invested or is interested in investing to participate. Tell your friends and family so they have an opportunity to be a part of Proctor360!


Join us at: https://startengineinfo.typeform.com/to/AExx3A at 10:40 AM EST/7:40 AM PST for our pitch.

Demo Day

30 days ago

This Friday (Jan 25th) we are participating in StartEngine’s January Demo Day. We will be presenting about problems in current testing and how Proctor360 is the most comprehensive solution. We encourage anyone who has invested or is interested in investing to participate. Tell your friends and family so they have an opportunity to be a part of Proctor360.

We will post about a specific time when we get closer to the 25th.

Proctor360 2nd Update

about 1 month ago

Hope everyone had a good week, we definitely did! In the past week we have ramped up our marketing efforts to drive more people to this page and invest in Proctor360. We are using Constant Contacts, LinkedIn and Facebook for much of our marketing. We’ve gained a substantial amount of traffic to our company page on all platforms.


Throughout the week we have continued to make sales calls, give demos and stir up interest for our service and tech. Today we are having a board meeting where we will discuss approval for use by the NCCA-ICE accreditation organization, this would authorize us to work with various companies restricted to just testing centers. This is going to give a lot of students a better option!

In just a few days...

about 2 months ago

Thank you to everyone who has invested! Within a few days we have neared our minimum goal. We are continuing to work with our team to bring on new investors.

Currently, we are planning our soft launch at the end of January, we will exhibit our company live in Fairfax, VA and over social media platforms so everyone can view its application and potential. Using targeted campaigns, we are inviting potential customers and interested parties to this event.

Once again, thanks for checking out our page and considering our offering. We encourage everyone to share this page and let their friends and family know, so they can own a part of Proctor360 and help change proctored testing for the better.

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