Verificient Technologies is a NYC based Platform as a Service (PaaS) firm specializing in scalable continuous identity verification solutions through machine learning and biometrics. We work with institutions and corporations in a variety of industries and verticals who are looking for automated solutions for verifying the identity of end users.
Verificient Technologies is a New York City-based Platform as a Service (PaaS) firm specializing in scalable continuous identity verification solutions through machine learning and biometrics. We work with institutions and corporations in a variety of industries and verticals who are looking for automated solutions for verifying the identity of end users.
Tim Dutta, CEO: Worked in senior leadership roles in Strategy, Product Developent, Applications Development, Business Development, and Marketing and Sales at top management consulting firms and technology startups, and an advisor to many other companies - KPMG, Andersen Consulting, Cross Connect, Global Synergies Group, BookAlive, Creative Frontier, Techtalks.tv, and SCG.
Rajnish Kumar, CTO: Got his PhD, from Georgia tech in Computer Distributed Systems, and Scaling Technologies. Worked for GTech Venture Labs, Oracle and founder of Techtalks.tv and Verificient Technologies.
Rahul Siddharth, CMO: Worked for the top Branding and Advertising agencies for 17 years, One Source, Bernard Hodes group, Marcom CD, Baynard Advertising, Zoecon, Grey Entertainment, and SCG.
Leading Industry Advisors:
Sree Sreenivasan, CDO of MET and EdTech Avangelist
Dr. Gang Hua, PhD, #1 Facial Verification Algorithm
John Langford, PhD, Senior Research Scientist at Microsoft - Machine Learning Specialist
Alina Beygelzimer, IBM Watson Research - Machine Learning Specialist
Aron Dutta, Serial Entrepreneur, took two companies from startup to IPO
Domain Experts and Mentors:
Jon Zietlin, VP and Business Head for Kaplan Nursing Program
Amjed Safferini, VP of Strategy and Product Development at Kaplan Test Prep
Seppy Basil, SVP and General Manger of K-12, Kaplan Test prep
Rochelle Rothstein, Executive VP, Innovation and Learning at Kaplan Test Prep and Admissions
John Lock, CEO & President at Kaplan Higher Education Campuses
The Problem / Addressable Marketplace:
There are 500 million test taken in Higher Education today. Only 60 million of those tests are being proctored today in physical testing centers. Further, institutions are constantly being challenged with, and struggling to verify the identity of their online test takers, ensuring there is no deceit or misconduct during a test, and very importantly, ensure the test bank of questions are not compromised by students who cheat.
In order to keep up with the contant growth of online education and open resources, institutions are looking for solutions that provide an automated and scaleable method to allow students to take proctored online tests "Anywhere and Anytime". Once a solution like this is found, and the security needs of verifying who took the course, who deserves the credit and who cheated are met, then there will be a level of integrity for programs to grow even quicker and scale very fast.
The only solutions today are expensive test centers and online proctoring. And the test centers are only limited to major cities, while there are other issues with online proctoring. Unfortunately, today online proctoring is done with human proctors watching people through webcams and controlling their desktops. This is intrusive, error prone and not scalable.
Institutions are looking for a solution, that can address these challenges. It's a $5 billion dollar addressable market in Higher Education globally alone, just waiting for solution.
Why our solution?
What we do is completely different. We've got a patent-pending technology that delivers the world’s only proctor-less identity verification system for online test taking.
How do we make money?
As a PaaS company, we charge our customers, in two ways:
-In our transactional model, we charge $15 per test. It’s perfect for MOOCs and Certification Programs.
-In our relationship model for institutions, we charge $240 per student annually, for up to 20 tests.
That breaks down to $12 per test in the Relationship Model, that’s 50% lower than any other option in the marketplace.
We can do this, because we have the only solution in the world that is automated and scaleable.
This is how we do it:
Our secret sauce is our patent pending technology first developed for the TSA to detect facial patterns and anomalies. Our CTO Rajnish Kumar was behind these algorithms, and has been refining them for this application over the last four years. We collect and analyze student impressions in real-time.
Verificient uses patent-pending (patent was just allowed and in the process of being granted), technology to achieve scale and automation.
“A system and method for remote test administration and monitoring”, US 2011/0279228 A1 from the United States Patent!Office.