What is CodeSignal?
Founded in 2015, CodeSignal has pioneered an objective, skills-based assessment platform designed to serve as a standard for technical hiring. By enabling companies to #GoBeyondResumes, CodeSignal offers automated and live technical interviewing solutions that identify top talent based on verifiable skills rather than traditional resume screening. This approach is critical in today's competitive landscape where identifying qualified candidates efficiently and equitably is paramount for organizational success and innovation.
How much funding has CodeSignal raised?
CodeSignal has raised a total of $87.4M across 4 funding rounds:
Angel/Seed
$2.4M
Series A
$10M
Series B
$25M
Series C
$50M
Angel/Seed (2015): $2.4M with participation from Tom Fallows, Felicis Ventures, Sutter Hill Ventures, Auren Hoffman, Raffi Krikorian, and Adam D’Angelo
Series A (2017): $10M led by SV Angel, e.ventures, A Capital, Felicis Ventures, and Granatus Ventures
Series B (2020): $25M supported by Human Capital, Menlo Ventures, CM Ventures, TripHammer Ventures, and Capital One Ventures
Series C (2021): $50M featuring Menlo Ventures, ACapital Ventures, Index Ventures, and Headline
Key Investors in CodeSignal
Menlo Ventures
Menlo Ventures is a venture capital firm that invests in early and growth-stage technology companies, focusing on enterprise software, consumer internet, and frontier tech. They partner with founders through multiple stages of scale.
Index Ventures
Index Ventures is a venture firm that partners with founders to build enduring companies from seed to IPO, with a focus on disruptive technology and bold ideas. They have a global presence with offices in San Francisco and London.
Felicis Ventures
Felicis Ventures is a venture capital firm that invests in early and growth-stage technology companies across various sectors, including SaaS and AI. They are known for supporting founders through scaleup and exit.
What's next for CodeSignal?
The recent major strategic investment signals CodeSignal's strong market position and its potential for further expansion and innovation in the HR technology sector. With a clear trajectory from its initial seed funding to substantial enterprise-level capital, the company is well-positioned to enhance its platform capabilities, broaden its market reach, and continue to set the standard for technical hiring assessments. Future developments are likely to focus on leveraging AI for more sophisticated candidate evaluation and providing deeper insights into workforce skills.
See full CodeSignal company page
