CodeSignal Snaps Up $25M Series B
Summary
CodeSignal closed a $25 million Series B as the San Francisco assessment platform looks to disrupt the recruiting market. The company’s platform evaluates and measures a candidate’s qualifications, letting recruiters compare several scores and strengths at once, and move beyond relying on a traditional resume. While the pandemic has changed hiring, it also has shown companies engineering talent is everywhere and has removed geographical limitations due to the fact everyone is working from home, said co-founder and CEO Tigran Sloyan. That helped CodeSignal realize 3.5 times year-to-year growth, as the company has more than doubled its customer base in the last 18 months, Sloyan said. Despite the competition, Sloyan said, CodeSignal’s B2B model helps it differentiate itself from others and the company may even move beyond just assessments and create additional tools to try to empower learning by showing engineers what coding skills they are lacking.
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