Codesignal’s coding tests help Facebook and Robinhood find engineers. Check out the 14-slide pitch it used to raise $50 million in funding backed by Index Ventures.
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- The engineer-recruitment platform Codesignal just raised $50 million in a Series C funding round.
- The firm was backed by VC investors Index Ventures and Menlo Ventures.
- Insider got an exclusive look at the pitch deck Codesignal used to bring investors on board.
Codesignal, the online assessment platform for technical talent, just raised $50 million in a Series C funding round backed by Index Ventures and the early Uber investor Menlo Ventures.
The firm, founded in 2015 in San Francisco, is working to disrupt the $200 billion global recruitment industry and help tech companies assess engineering talent. The company counts a number of leading tech firms among its clientele, including Facebook, Zoom, Instacart, and Robinhood.
Codesignal’s patented “skills-based assessment platform” gamifies the engineering experience. It allows employers to set up varying levels of computer-programming challenges for their potential hires and, consequently, get a better sense of candidates’ strengths and weaknesses.
“As the demand for technical talent intensifies, hiring teams need better ways to identify qualified candidates while at the same time creating a great candidate experience,” said Tigran Sloyan, Codesignal’s CEO and cofounder.
Sloyan added that the new funding would go toward developing the startup’s product.
Insider got an exclusive look at the pitch deck Codesignal used to bring investors on board. Check it out below.