CodeSignal announced $25 million in Series B funding, led by Menlo Ventures. CodeSignal is a technical assessment platform dedicated to helping companies in tech recruiting.
Unbiased pre-employment screenings
CodeSignal is disrupting the traditional recruiting market, helping recruiters and hiring managers conduct unbiased pre-employment screenings for technical roles more efficiently and at scale. CodeSignal will use this round of funding to continue the rapid expansion of its go-to-market team. The new funding will also enable CodeSignal to partner with key players in the technical hiring industry to deliver a more holistic hiring solution.
Streamlining the process
Tigran Sloyan, CEO of CodeSignal: “The pandemic has further accelerated the digital transformation that has been happening over the past few decades leading to a sharp increase in demand for developer talent. On the other hand, the democratization of education is creating a world in which some of the best developers don’t have a traditional background anymore. In this new world, the standard method of using resumes as a way to qualify talent at the top of the funnel is failing everyone. Highly qualified candidates are suffering because they get locked behind their resumes, recruiters are suffering because they spend time with unqualified candidates and engineering managers feel the burden of spending countless hours on interviews that lead nowhere. We are committed to creating a product that is streamlining this process, offering a more fair and equitable technical hiring process across organizations of all sizes.”
Jean-Paul Sanday from Menlo Ventures: “Every company today has become a software company, increasing the demand for technical talent that is perceived to be in short supply. The silver lining of the pandemic is that companies have opened the aperture and are now willing to expand their reach to find the best people in the world to fill these roles, enabling a global applicant pool. CodeSignal has proven to be the leading comprehensive technical assessment platform to help facilitate data-driven, unbiased technical hiring like this at scale.”
Founded in 2015, CodeSignal aims to make talent accessible by empowering recruiters and employers to evaluate job candidates’ technical skills effectively at scale. Its assessment solution allows companies to automate skill-based screening and conduct live interviews in a more structured and consistent manner. Key customers include Brex, Databricks, Instacart, Robinhood, UpWork and Zoom. Visit codesignal.com to learn more.