CodeSignal Fuels Up With $50 Million Series C

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; CodeSignal&comma; a technical assessment platform dedicated to helping companies&comma; including Facebook&comma; Roblox&comma; Zoom&comma; Robinhood&comma; and others&comma; make data-driven hiring decisions in tech recruiting&comma; has announced &dollar;50 million in Series C funding&period; This round&comma; which brings CodeSignal&&num;8217&semi;s total funding to &dollar;87&period;5M&comma; was led by Index Ventures&comma; with additional participation from Menlo Ventures&comma; Headline&comma; and A Capital&period;<&sol;p>&NewLine;<p>The company also announced the launch of CodeSignal&&num;8217&semi;s new advanced Integrated Development Environment &lpar;IDE&rpar; that unlocks highly relevant assessment experiences&period;<&sol;p>&NewLine;<p>CodeSignal&&num;8217&semi;s Assessments provide an objective measure of a candidate&&num;8217&semi;s qualifications&comma; enabling recruiters to compare several scores and strengths at once before hiring decisions are made&period; 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&period; By standardizing the technical assessment process&comma; CodeSignal is changing traditional hiring practices and focusing on the applicant who can do the job and do it right&period;<&sol;p>&NewLine;<p>Job assessments&comma; whether at the top of the funnel or in later stage interviews&comma; that feel like a simulation of the job provide the best indicator of skill and also create a better candidate experience&comma; even for those who don&&num;8217&semi;t ultimately get the job&period; Until today&comma; it has been hard to achieve a true flight simulation of the coding environment&comma; limiting hiring managers ability to assess skills&comma; and candidate&&num;8217&semi;s ability to demonstrate them&period;<&sol;p>&NewLine;<p>With Codesignal&&num;8217&semi;s newly launched advanced IDE&comma; candidates will now be able to interact with code&comma; files&comma; a terminal&comma; and a preview of their application in a persistent&comma; fully configurable environment&period; This means candidates will have a similar experience to coding on a local machine&comma; and the assessment provides a more powerful and familiar environment for them to solve tasks just as they would actually do on the job&comma; showcasing their full range of skills&period;<&sol;p>&NewLine;<p>Likewise&comma; employers can now assess all of an applicant&&num;8217&semi;s skills at the same time through a single coding task&period; This innovation is essential for hiring full-stack developers&comma; a highly sought-after specialty&comma; and it revolutionizes the online IDE-based assessment experience to create the most realistic simulation of software engineering jobs that&&num;8217&semi;s available on the market&period;<&sol;p>&NewLine;<p>&&num;8220&semi;From the very early days&comma; our investments have always focused on building a platform that can help technical recruiters and hiring managers &num;GoBeyondResumes to make unbiased data-driven recruiting decisions&period; As the demand for technical talent intensifies&comma; hiring teams need better ways to identify qualified candidates while at the same time creating a great candidate experience&comma;&&num;8221&semi; said Tigran Sloyan&comma; CEO and co-founder of CodeSignal&period; &&num;8220&semi;This funding will help accelerate our product and go-to-market functions to continue helping companies make data-driven hiring decisions&comma; while creating a phenomenal candidate experience along the way&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;CodeSignal has seen astounding growth this year&comma; which speaks volumes to the need for companies to re-imagine their hiring practices to attract and hire the best candidates&comma;&&num;8221&semi; said Nina Achadjian&comma; Partner at Index Ventures&period; &&num;8220&semi;Today&&num;8217&semi;s job seekers have options and they are looking for companies that value fair and unbiased business practices&period; There is an amazing opportunity in front of us to change hiring culture and CodeSignal is the company making that happen&period;&&num;8221&semi;<&sol;p>&NewLine;