Is CodeSignal profitable in 2026?

No official profitability data is public. Third-party estimates put 2024 revenue near $53.8M (Latka, Dec 2024) while ZoomInfo estimates it lower at ~$18M as of June 2026. No new funding round since the September 2021 Series C suggests cautious, not aggressive, scaling.

Could AI replace CodeSignal's core product?

The core premise of testing candidates' unaided coding ability is being eroded by frontier AI models like Copilot and Claude. CodeSignal responded by launching AI Co-Pilot assessment modes on May 28, 2025 and an agentic assessment-authoring tool (Cosmo agent) in March-April 2026, effectively automating parts of its own service.

Who is CodeSignal's biggest competitor?

HackerRank, which claims 25M+ developers and ~172,800 daily submissions and shipped AI Interviewer, Proctor Mode, and ASTRA at its 2025 AI Day, and Karat, a $1.1B-valued rival that launched its NextGen AI interview product in December 2025.

CodeSignal is privately held and venture-backed, founded in 2015 by Tigran Sloyan, Aram Shatakhtsyan, Felix Desroches, and Sophia Baik. No parent company or acquisition has been reported; its last disclosed priced round was a $50M Series C led by Index Ventures on September 16, 2021.

Has CodeSignal raised new funding recently?

No new priced funding round has been publicly disclosed since the $50M Series C led by Index Ventures on September 16, 2021, roughly 59 months before a June 2026 tracking check by Crustdata, which flagged the absence of a new raise.

How many companies use CodeSignal's assessments?

CodeSignal states its assessments were used by 3,000+ companies as of August 20, 2025, per its own announcement covered by SiliconAngle, when it launched a standalone Cosmo mobile learning app with 60+ learning paths.

Job boards and HR platforms · United States

CodeSignal

codesignal.com ↗

CodeSignal builds technical skills tests and AI interview tools that companies use to screen job candidates.

Losing its protection

Assessed 22 July 2026 · Evidence as of 22 July 2026

The structural protection is eroding.

On the recordSince 22 July 2026 · Checkable from 2026 · Every call on the record Checkpoint: Ruling in Mobley v. Workday on vendor liability for AI hiring tools

The call

CodeSignal has real customers and revenue but hasn't raised in five years while HackerRank and Karat outpace it on AI features and funding.

CodeSignal makes software that tests whether job candidates can actually code. It has built a real business with thousands of enterprise customers over ten years, but it is getting harder to stay ahead because HackerRank and Karat (bigger competitors) are shipping AI-powered features just as fast, and regular AI tools like ChatGPT and Claude can now solve or help solve coding tests in real time, which weakens the whole reason to test coding skills in the first place. The one thing that could turn this around is if CodeSignal launches new AI tools that customers actually pay extra for and keep using, or if a legal ruling makes hiring platforms liable for what candidates do with AI, which would force companies to invest more in better assessment.

Why

AI pressure: Frontier coding models (Claude, GitHub Copilot). Candidates now solve coding tests with AI help, and CodeSignal's own Cosmo agent auto-writes assessments, undercutting the skill it tests for. Could AI do the core job? Yes, likely.

Bigger players: HackerRank and Karat. HackerRank (25M+ developers, new AI Interviewer) and Karat ($1.1B valuation, $110M raised) ship matching AI features faster and at larger scale. Could a giant copy it? Yes, easily.

What protects it. A decade of enterprise integrations and outcome data across 3,000+ customers that would take real time to rebuild elsewhere.

What would change this call

CodeSignal announces a new priced funding round or discloses a valuation change within 12 months. Shows whether investors still back its growth story after 5 years without new funding.
A marquee logo (Netflix, Meta, Capital One, Ramp, or Databricks) is reported switching to HackerRank or Karat. Would confirm named rivals are actively taking CodeSignal's customers.
Court ruling in Mobley v. Workday on direct vendor liability for AI hiring tools. Could expose CodeSignal to legal risk over its own AI-driven assessment products.

Key numbers

~$54M estimated ARR in 2024 (2024-12-18)
No priced funding round since Sept 2021 (2026-06-19)
Growth score 16/100, only 1 open role (2026-06-19)

Named risks

Core coding-test premise being commoditized as candidates and vendors both use frontier AI. Severity: high
No new priced funding round since Sept 2021, over 4.5 years, amid modest growth signals. Severity: medium
Mobley v. Workday litigation may extend direct liability to AI hiring-tool vendors. Severity: medium
Well-funded rivals HackerRank and Karat shipping matching AI features on quarterly cadence. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
HackerRank	contesting	Shipped AI Interviewer, Proctor Mode, ASTRA at AI Day 2025, claims 25M+ developers
Karat	contesting	Launched NextGen human-led AI interview product Dec 2025, valued $1.1B since 2021
Karat	gaining on	Three acquisitions 2023-2025 including Byteboard (Jan 2025) expanding capabilities

Questions people ask

Is CodeSignal profitable in 2026?: No official profitability data is public. Third-party estimates put 2024 revenue near $53.8M (Latka, Dec 2024) while ZoomInfo estimates it lower at ~$18M as of June 2026. No new funding round since the September 2021 Series C suggests cautious, not aggressive, scaling.
Could AI replace CodeSignal's core product?: The core premise of testing candidates' unaided coding ability is being eroded by frontier AI models like Copilot and Claude. CodeSignal responded by launching AI Co-Pilot assessment modes on May 28, 2025 and an agentic assessment-authoring tool (Cosmo agent) in March-April 2026, effectively automating parts of its own service.
Who is CodeSignal's biggest competitor?: HackerRank, which claims 25M+ developers and ~172,800 daily submissions and shipped AI Interviewer, Proctor Mode, and ASTRA at its 2025 AI Day, and Karat, a $1.1B-valued rival that launched its NextGen AI interview product in December 2025.
Who owns CodeSignal?: CodeSignal is privately held and venture-backed, founded in 2015 by Tigran Sloyan, Aram Shatakhtsyan, Felix Desroches, and Sophia Baik. No parent company or acquisition has been reported; its last disclosed priced round was a $50M Series C led by Index Ventures on September 16, 2021.
Has CodeSignal raised new funding recently?: No new priced funding round has been publicly disclosed since the $50M Series C led by Index Ventures on September 16, 2021, roughly 59 months before a June 2026 tracking check by Crustdata, which flagged the absence of a new raise.
How many companies use CodeSignal's assessments?: CodeSignal states its assessments were used by 3,000+ companies as of August 20, 2025, per its own announcement covered by SiliconAngle, when it launched a standalone Cosmo mobile learning app with 60+ learning paths.

Timeline

2026-04-28Expanded agentic capabilities let hiring teams build expert-level assessments in minutes
2026-03Rolled out Agentic Coding Assessments for entry-level engineers plus Cosmo hiring-team agent
2025-08-20Launched standalone Cosmo mobile learning app on iOS, then Android on 2025-08-27
2025-07-31Announced free generative-AI training program with AWS for 30,000+ students
2025-05-28Launched AI-Assisted Coding Assessments with Full AI Co-Pilot and Guided Support modes
2024-02Launched CodeSignal Learn with AI tutor Cosmo
2021-09-16Closed $50M Series C led by Index Ventures
2020-12-08Closed $25M Series B led by Menlo Ventures
2015Founded as CodeFights by Tigran Sloyan and co-founders

Revision history

22 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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