Armenians' startup raised $38m to reduce bias in hiring with CodeSignal

PanARMENIAN.Net - CodeSignal, a coding assessment platform created by Armenians, announced Tuesday, December 8 that it had raised $25 million in Series B funding from investors, valuing it at $120 million. This round brings CodeSignal’s total funding to $37.5 million, Forbes reports.

Meant to eliminate bias in tech hiring, CodeSignal boasts customers such as Zoom, Uber, Instacart, Robinhood, Asana and Brex, among others. Forbes named Aram Shatakhtsyan, the 30-year-old chief technology officer, to its 30 Under 30: Enterprise Technology list last year.

Formerly called CodeFights, CodeSignal invites recruiters and hiring managers to “go beyond résumés,” using its suite of skills-based assessments to ensure all candidates are evaluated against the same objective standard, says CEO Tigran Sloyan, 32.

To eliminate bias, and save companies time, CodeSignal asks job applicants to write lines of code, which it then evaluates using proprietary AI technology. Employers can set their own qualification thresholds and customize tests for each team and job opening. To safeguard against cheating, the platform automatically detects instances of plagiarism and offers clients the option to use computer cameras and the screen-share function to monitor suspicious activity.