Summit Partners announced that it has closed on a growth funding round in CoderPad, a leading platform for assessing technical skills. The new growth funding will help fuel hiring and continued expansion for the already-profitable company as CoderPad scales to meet increasing demand for remote technical interview solutions.
Built by engineers, for engineers, CoderPad is on a mission to fix the technical interviewing process. The company offers a collaborative programming environment that helps hiring organizations efficiently and accurately assess technical skills of candidates. CoderPad launched in 2013. The company has been profitable since its start and has grown revenues 50% over the past year. The company serves over 1,700 customers, from startup organizations to some of the world’s largest and most sophisticated technology employers, including Dropbox, Lyft, Spotify and Quora. Customers have conducted more than 2.5 million technical interviews on the CoderPad platform.
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“The traditional whiteboard-focused technical hiring process is becoming obsolete, and this trend has only accelerated as a result of the COVID pandemic,” said Amanda Richardson, CEO of CoderPad. “At the same time, we’re seeing more incredible technical talent entering the labor market than we’ve seen in a long time. CoderPad’s platform is designed specifically to help organizations hire better candidates faster in a real-world setting, allowing the best technical candidates to demonstrate the depth of their skills and employers to efficiently identify and assess talent that can add value quickly.”
CoderPad creates a realistic software development environment that is designed to allow the interviewer to collaborate, in real time, with the code being written by a candidate and view the results when the code is executed. With built-in video conferencing, the interview session is recorded for review by other hiring managers. CoderPad supports more than 30 programming languages for use during the interview process.
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