CodeSignal, a San Francisco, CA-based technical assessment platform to make data-driven hiring decisions in tech recruiting, raised $50M in Series C funding.
The round, which brought total funding to $87.5M, was led by Index Ventures, with additional participation from Menlo Ventures, Headline, and A Capital.
Founded in 2015 by Tigran Sloyan, CEO, CodeSignal is an assessment company which has created job simulation technology to enable hiring teams to assess skills and hire talent for roles, at scale. Its assessments provide a measure of a candidate’s qualifications, enabling recruiters to compare several scores and strengths at once before hiring decisions are made. The platform allows companies to set their own threshold for qualifications and customize assessments with comprehensive testing options for each team and job opening and safeguards against cheating. The platform is used by innovative tech firms including Brex, Databricks, Facebook, Instacart, Robinhood, Upwork, and Zoom.
The company intends to use the funds to accelerate product and go-to-market functions and launch its new Integrated Development Environment (IDE) that enables relevant assessment experiences. With IDE, candidates will now be able to interact with code, files, a terminal, and a preview of their application in a configurable environment. Employers can now assess all of an applicant’s skills at the same time through a single coding task.
FinSMEs
16/09/2021