Gild looks to revamp, secures $2.4 mn in funding

Gild looks to revamp, secures $2.4 mn in funding

Author | Shubhi Tandon | Friday, Aug 12,2011 9:13 AM

Gild looks to revamp, secures $2.4 mn in funding

Networking and skill developers’ platform, Gild, has received funding of $2.4 million led by Globespan Capital Partners. The website offers a platform for developers to build, share, compare and improve their skills profiles. Following the funding, Venky Ganesan, Managing Director, Globespan Capital Partners, will join Gild’s Board of Directors.

Speaking on the funding, Sheeroy Desai, CEO, Gild, said, “We are thrilled with Globespan’s support and look forward to their guidance and partnership as we continue to grow into the leading skills-based professional community.”

The funds would be used to develop the website further. Talking to exchange4media, Manjunath Ramesh, MD, Gild, explained, “We will use it to expand our website rapidly and focus on further development of our technology. We are looking to make the user experience richer.”

Commenting on the alliance, Venky Ganesan, MD, Globespan, said, “By mapping the world’s talent based on skills profiles, Gild is leading the way in the next frontier for talent and professional networking. We believe Gild will become the essential skills network for talent worldwide. We love the long term vision, the team, and the potential to build a huge business.”

In addition to the funding, the company unveiled a new visual interface and a series of major enhancements. Ramesh added, “Gild members can now build robust profiles of their skills and search for and compare their skills with other developers around the world. The new features, along with tighter integration with other social and professional networks, will make it easier for developers to promote their skills, compare themselves to others, and learn how they stack up against the rest of the world.”

Since its launch in September 2010, Gild claims to have grown to nearly half a million members across the world. Through scientific assessment and algorithms, Gild provides developers worldwide with a way to rank themselves by solving real world coding puzzles, earn certifications that test for the application of coding knowledge and experience, and utilise a smart recommendations engine. Gild claims that over 70 per cent of their members say that the achievements earned on the site helped improve their skills.

Ramesh added here, “With the enhancements and features, will be the essential utility where developers come to build, share, and compare their skills profiles, and in the process understand how they rank, how to promote themselves and how to stand out based on what they know, not who they know. A platform like helps IT companies identify developers with desired skill sets making it easier for them to recruit people. On the other hand, the Simply Hired feed, which tells you that has 4+ million job postings on the site and the search by the skills feature, allows you to utilise the skills you've honed on to find the right position.”

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