Codility, a platform that helps tech recruiters and hiring managers asses candidates through online coding tests, today announced that it has raised a $22 million Series A round led by Oxx and Kennet Partners.
This marks the first time Codility has raised any funding, after ten years as a bootstrapped company. Clearly, though, despite having achieved double-digit annual recurring revenue in those ten years, the team nowbelieves that it has an opportunity to grow its market share in what is becoming a more competitive market for tech hiring platforms — and to do so, it needs outside funding.
So far, the company has brought on an impressive list of customers, including Microsoft, Tesla, Slack, Okta, Rakuten, American Express, and UnitedHealth Group. In total, the company says it had 1,500 customers in 2019 and helped them evaluate over 450,000 candidates, a number the company says has grown over 50 percent year-over-year.
What sets Codility apart from similar platforms is that it aims to provide coding tests that are closer to what engineers typically face in their day-to-day jobs instead of highly abstract whiteboarding sessions that evaluate their theory of algorithms knowledge.
The Codility platform:
- CodeCheck gives recruiters a powerful way to accurately screen the real-life technical skills of candidates across a broad range of roles and technologies.
- CodeLive provides a shared editor for live technical interviews. Candidates can demonstrate their skills while the interviewer can see how they work in real-time.
- CodeChallenges are online coding competitions used to ignite and convert passive job hunters into candidates.
- Codility can also improve onboard and upskill developers, closing skills gaps within existing or outsourced development teams.
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