Photo - Essential Technologies LLC
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Essential Technologies LLC

Aero

Kazakhstan, Astana city
Market: Education, training, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 03.04.2020
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Idea

"Aero" - fully automated online proctoring solution for educational institutions.

Current Status

Running a pilot with a client. Negotiating deals with 5 more educational institutions. Cold calling and contacting 60 universities across the country.

Market

The online proctoring market is expected to reach $10 billion by 2026.

Problem or Opportunity

Online education is a growing trend in the market. Online education is estimated to reach $325 Billion by 2025; almost half of which is professional education after college. The biggest challenge with online education is an online examination. Cheating during online exams is ubiquitous and completely discredits any attempt to adequately assess students' knowledge and hinders the development of online education.

Solution (product or service)

Aero is a fully-automated online proctoring solution that uses AI and Face recognition to prevent any type of cheating during an exam, including, taking the exam by a third person, looking away from the screen, leaving exam scene, and many more.

Competitors

ProctorU, Mettl, Examity.

Advantages or differentiators

API for integration, a fully automated system, flexibility in use.

Business model

0.5$ per student per exam hour.

Money will be spent on

Product development. Additional hiring. Increasing sales force.

Offer for investor

$70000 for 15% equity or/and in convertible/SAFE note.

Team or Management

Incubation/Acceleration programs accomplishment

Astana Business Campus Incubation program. Astana Hub acceleration program.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video