Gradescope Raises .6M to Apply Artificial Intelligence to Grading Exams

Gradescope, which has graded millions of exam questions, has made the grade itself. The company has raised a $2.6 million round of funding from Freestyle Capital, Bloomberg Beta, Reach Capital and the House Fund. Existing investor K9 Ventures also participated. Dave Samuel from Freestyle will be joining Manu Kumar from K9 Ventures on Gradescope’s board. The company, started as a side project at the University of California Berkeley in 2012, makes a software that helps science and engineering professors and teaching assistants grade exam questions on handwritten tests. Gradescope plans to use the funding to expand its team and develop new product features. The tool works by allowing users to create rubrics for each exam question, allowing them to flag common mistakes with a click and standardizing the grading process.…


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