Ropes, an AI-based platform transforming how engineering talent is evaluated, announced it has raised $3.1 million in seed funding. The seed funding round, led by GSV Ventures with participation from Box Group, will advance the company’s goal of bridging the gap between technical assessment and real-world performance.
In the skills-based hiring market, accurately measuring technical abilities is the biggest obstacle to efficient hiring. And traditional asynchronous tests miss nuanced signals that human interviewers can detect, while live interviews are biased and cost hundreds of dollars per hour. With the rise of AI-based tools, candidate cheating is rampant across all mediums.
Ropes has created a new way to vet technical talent in the AI era. And Ropes delivers asynchronous assessments that are custom-tailored to each role, providing real-world simulations unique to customer domains and tech stacks. Instead of just measuring if candidates pass predetermined test cases, Ropes evaluates how candidates approach problems from start to finish. This evaluation reveals the nuanced technical abilities previously only visible during intensive live interviews.
KEY QUOTES:
“The hiring process is fundamentally broken in the AI era. Companies waste countless hours on tests and interviews consisting of puzzles easily solvable with the aid of AI. We’ve built Ropes to simulate the exact work of today’s engineer, analyzing not just if they get the right answer, but how they approach complex problems from start to finish.”
– Ken Schumacher, founder and CEO of Ropes
“We invested in Ropes AI because they’re building AI to capture the most important aspects of the future workforce value chain: project based measurement of an individual’s skills and abilities. GSV sees this as the holy grail when coupled with the ability to identify areas for further skilling that optimize human performance across both individual employees and employers.”
– Deborah Quazzo, Managing Partner at GSV Ventures
