CourseKey Raises $5 Million to Digitize the College Classroom
A San Diego-based startup CourseKey, which is attendance and assessment tools provider for higher-ed institutions, has raised $5 million from venture capitalists in Series A round. CourseKey provides GPS enabled tools to track students attendance in order to help faculty members by ensuring that the students are near the classrooms or not, using GPS and Wi-Fi recognition. Now, it has expanded its services by delivering chat channels for students to communicate with one another in the classrooms, polls and quizzes tools, digital books etc. All the data saved in these tools is shared with college officials through a dashboard so that they can check which student is engaged or not. “If we can offer the institution real-time data, then they can see who is dropping off and intervene before it’s too late,” Sophinos- Founder & CEO, CourseKey said. Currently, the company has more than 100,000 paying user and the platform is being used in more than 80 U.S. institutions so far. With this raised funding, startup plans to expand its resources and services.