Co-founder of Defy Partners, Neil Sequeira, and founder of Highwinds and Omicron, Steve Miller, join Honorlock Board
Martech News – Honorlock, an online proctoring service that is transforming how educational institutions protect academic integrity in online assessments, announced that it raised $11.5 million in Series A funding led by Neil Sequeira from Defy Partners. The funding will be used to accelerate Honorlock’s growth, technology and expansion into new markets. The company also is announcing three new appointments to its board, Steve Miller, founder of Highwinds and Omnicron, Neil Sequeira, co-founder of Defy, and Thomas Whytas, former CFO of METI.
Honorlock’s hybrid proctoring model combines AI and machine learning with live proctors to thwart cheating while delivering a non-threatening online testing environment for honest test-takers. The company experienced triple-digit growth in 2019, including proctoring exams for three of the 10 largest universities in the US.
“We are excited to be partnering with Honorlock at a time when their high quality, remote ed-tech solutions are critically important. With online proctoring growing to a $19b market, we know the opportunity ahead for Honorlock is bright,” said Sequeira. “We look forward to providing additional resources and working closely with Michael and the Honorlock leadership team to continue their tremendous growth and expansion.”
Honorlock is a cloud-based proctoring system that integrates with a school’s learning management system and is designed around usability and ease of use. Clients include top-ranked University of Florida, the University of North Alabama and Florida International University.
“We are energized by the growth we’ve experienced this past year and have ambitious plans to accelerate it,” said Michael Hemlepp, CEO of Honorlock. “With the influx of capital and the power and expertise of both our board of directors and tech advisory board, we are uniquely positioned to deliver extreme value to our clients.”