Gradescope has paid an undisclosed amount to acquire schoolwork analysis software developer Turnitin, which had raised more than $5m from investors including Bloomberg.
Bloomberg Beta, the corporate venturing arm of media group Bloomberg, has exited Gradescope, a US-based schoolwork assessment software developer, through an acquisition of undisclosed size by plagiarism detection service Turnitin.
Founded in 2014, Gradescope offers an artificial intelligence-powered software platform that helps teachers and other educational instructors grade the work of their students.
The technology accepts paper, digital and coding-based assignments, automatically digitising written answers to award marks for the correct answer.
Gradescope will continue to offer its services under…
