Today HireVue, makers of a video based job interview and hiring management platform, announced that it raised a $17 million Series C round led by Investor Growth Capital along with an expansion of its debt facility for a total of $22 million in new funding. The company raised a total of $6 million during its B and C rounds, bringing its total raised to $28 million.
HireVue’s platform isn’t just for interviewing candidates over a webcam — you could do that with any video conferencing software. It lets interviewers prepare a set of questions that prospective employees can answer on their own time, but makes sure they only get one shot at recording the answers, much the same way you would only have one chance to answer a question in a face-to-face interview. This makes it possible to avoid dealing with scheduling an interview, since answers can be recorded and viewed at different times. HireVue also provides hiring management solutions to deal with application reviews and decision making. The product is already in use by companies like Nike and Starbucks.
CEO David Bradford says HireVue will invest the money to expand research and development, customer support, sales and marketing. In other words, pretty much every aspect of the business. And like most companies announcement a big new round of funding, Bradford says HireVue will be expanding internationally.
It may not be the sexiest sector, but human resources technology (or “human capital management” (HCM) technology, if you’re feeling trendy) is hot right now. Workday, the HCM software-as-a-service company co-founded by PeopleSoft founder David Duffield, just filed for an IPO last month. Established enterprise vendors have been gobbling up new comers: since December SAP acquired SuccessFactors for $3.4 billion, Salesforce.com acquired Rypple and Oracle acquired Teleo for $1.9 billion.
And HireVue made its own acquisition recently, purchasing CodeEval for an undisclosed sum. CodeEval gives HirVue the ability to add programming challenges to the application process when hiring developers.