Gild Recieves $8 Million in Funding

February 27, 2013 – Gild, whose mission is to bring meritocracy to tech hiring through innovative recruiting technologies, has announced the completion of its Series A financing totaling $8 million. The investment is the largest Series A round in the tech hiring market, and was led by Steve Anderson of Baseline Ventures, with participation from SAP Ventures, Globespan Capital Partners, and Silicon Valley investor Mark Kvamme, an original investor in LinkedIn. Recruiting solutions by Gild – specifically Gild Source – are now used by over 65 enterprise companies, such as Box, Red Hat, Rackspace, Zynga and Square. “The amount of the round and the caliber of investors feels like real validation of our model and of the team we have assembled,” said Sheeroy Desai, co-founder and CEO of Gild. “The market is telling us that hiring and recruiting are ready for what we bring to the table: how to utilize Big Data to uncover and evaluate top developer candidates based on actual skills, rather than pedigree or personal connections.”