Zero Cheating
Early Stage
A patent-pending solution to stop all cheating in online exams
Overview
Raised: $716,800
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/10/2023
Close Date
10/13/2023
Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,607
# of Investors
74
Momentum
Funded
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Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Zero Cheating, with a valuation of $5 million, is raising funds on Wefunder. The company has created a fully-automated online proctoring service. The aim of the Zero Cheating service is to stop cheating during online exams with its wide-angle webcam and 360-degree motion sensor to detect the presence of another person in the room. Zero Cheating also aims to solve the problem of privacy and discrimination issues during online exams and enhance service and support for all test-takers. Neil Parsont founded Zero Cheating in November 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for software and prototype development, further research and development, marketing and sales, and contingency capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-65,274 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,550 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/10/2023
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