Gild operates a service that helps companies find and hire software engineers. The company serves a diversified customer base across tech, retail, financial services, and travel, and now has more than 250 customers worldwide. Gild reported 400% revenue growth from 2012 to 2013 and employs more than 60 staff. The company plans to use new funding to fuel recent growth, expand its product reach and offerings, and grow headcount. The Series B brings its total funding to around $27 million. CEO Sheeroy Desai cited broadening demand for tech talent beyond Silicon Valley as a driver of growth. Gild provides talent-acquisition tools that leverage patent-pending technology to evaluate developers' work so clients can identify and target qualified candidates. The company aims to bring meritocracy to the hiring process by surfacing who is demonstrably skilled. It was co-founded in 2011 by CEO Sheeroy Desai and CTO Luca Bonmassar and is based in San Francisco. Gild intends to use new capital to expand its technology and accelerate product innovation. The article does not disclose operating metrics or revenue. The product-focused raise is intended to help scale and advance Gild's talent-acquisition offering. Gild's core product, Gild Source, sifts through open-source code repositories and links developers to public profiles such as LinkedIn, Facebook, Quora, and Stack Overflow to score them on abilities, productivity, and feedback. The company sells its findings as a searchable database to tech employers on a monthly subscription starting at $700 per month. Reported clients include Facebook, Box, Red Hat, and Akamai. Gild has about 20 full-time employees at its San Francisco headquarters and says it will use the new funding to grow its team and build out its technology. The company pivoted from an earlier gamified job platform launched nearly two years prior. Earlier it had raised roughly $2.4 million in seed funding from backers including Globespan. Gild combines social gaming elements with career advancement tools to let developers submit resumes, compete in coding challenges, and earn badges and certifications to demonstrate proficiency. The company pivoted to focus on developers after observing strong engineer interest, according to founder Sheeroy Desai. Employers post opportunities as competitions (e.g., programming puzzles and coding tests) that candidates complete, receive scores, and are ranked to improve hiring matches. Members can engage in multiple competitions, take certification tests, and build profiles that compare their skills with other developers worldwide. The site reports nearly a half million members and is used by enterprise customers including Oracle, Sapient, Harrah’s, Salesforce.com, eBay, and VistaPrint. Financially, Gild has raised new funding of $2.4 million led by Globespan Capital Partners.

Total raised

$26M

Funding rounds

4

Latest round

Series B

Latest activity

Jun 2014