36Kr learned that “Showmebug” recently completed A round of financing of nearly 100 million yuan, which was jointly led by Sequoia China Seed Fund and Hillhouse Venture Capital. Guangpu Capital as the long-term exclusive financial adviser. This round of financing is mainly used for product and operation promotion.

“ShowmeBug” was founded in 2019. It is mainly based on the core technology of online real-time collaborative programming IDE and code analysis, and provides new technology interview platform and technical talent evaluation system for enterprises.

Before that, Showmebug had been selected into Qiji Ventures Venture Camp in April 2020 and received angel round investment from Qiji Ventures, CyberWorks Capital and Variable Capital. In March this year, we obtained tens of millions of pre-A round of financing from ZhenFund.

Companies such as 51job.com and Boss Zhipin have developed the online recruitment market in the form of information matching. As the epidemic has changed the ecology of online office field, the demand for talent recruitment is becoming more and more refined, and the recruitment service between enterprises and talents also needs a more professional matching method. TSA (Technology Sskill Assessment) is a subdivision track that has attracted the attention of venture capital circle recently. TSA took its lead abroad, with examples such as HackerRank, a tech recruitment platform with more than 5 million developers, and Codesignnal.

ShowmeBug also focuses on an interview platform and evaluation system for technical talent. Compared with other talent fields, the professional evaluation methods of technical talent group basically include technical interview, which is relatively easy to standardize. The core technology application scenario of ShowmeBug is exactly based on real-time collaboration technology, which provides a good experience of multi-person programming interview environment for technical talent interview.

At the same time, due to the rapid development of China’s economy and the needs of enterprises’ digital transformation, technical talents are still scarce in China and difficult to screen efficiently. A large enterprise needs to conduct 10,000 to 20,000 interviews and written tests a year, and it is common to pay more than 100,000 yuan for a technical talent recruitment cost. How to accurately evaluate and improve the efficiency of talent recruitment is the goal of ShowmeBug.

CEO Li Yafei and 36Kr introduced that since this year, both the product and market expansion of ShowmeBug have been greatly updated.

First, at the product level, the ShowmeBug platform, after several rapid iterations, has launched the Senior Interviewers’ architecture drawing capability this year. According to Li Yafei, in the online communication interview environment of many technical talents, in addition to programming, interviewers also need to explain code ideas to the interviewer, and architecture drawing is an important function at this time. The feature went live in April and has been popular with businesses.

Another important update is improved product coverage, enhanced data analysis capabilities, and improved ease of use. Currently, ShowmeBug can support more than 100,000 online interviews at a time, as well as thousands of online grading and analysis. In terms of programming environment, ShowmeBug has supported more than 30 programming languages, basically covering the whole category question bank.

From the perspective of user experience, ShowmeBug provides services in the form of SaaS and charges per session. HR and interviewers can register and use the website and other channels, and create test questions and invite interviews through the question bank with one button. During the interview, the whole process can be played back. ShowmeBug will analyze the coding process and results to some extent, and give corresponding scores for the reference of the interviewers.

In terms of market arrival, Li Yafei said that the current ShowmeBug maintained a 10-fold annual rapid growth, ShowmeBug has served nearly ten thousand enterprises, the interview has reached hundreds of thousands of times. In addition, user engagement has also increased. The frequency of a single user per month has also increased by about 10 times.

Looking at the industry, there are currently technical training platforms, such as Niuke.com, Leetcode, etc., that are entering the recruitment track of technical talents. In the future, general recruitment platforms will also enter the recruitment trend of technical talents.

“Online recruitment field competition is intense, but for this category segment in technology, it is easy to do 60 product but 90 points of the product remains high barriers, such as the editor of online collaboration, support various programming environment, and further introduce more intelligent technology is analyzed, all need a solid technology base, Those are the barriers to ShowMeBug.” Li Yafei said.

After this round of financing, ShowmeBug will continue to invest in technology research and development and market expansion to serve more enterprise customers. At the product level, ShowmeBug will also improve the question bank and build a more real programming environment to continuously improve the product experience.

At present, the team of ShowmeBug has about 50 people. Yafei Li, the founder, is one of the TOP10 influential people in Ruby’s Chinese technology circle. He once founded three technology companies and was one of the fastest growing R&D technology directors of Shengxin Technology.

Investor View

Liming Huang, partner at Hillhouse and principal of software and hard technology at Hillhouse Venture Capital, said: Chinese enterprises are rapidly moving toward digitalization and intelligence. Under this background, how to evaluate and recruit technical talents more accurately and efficiently can be regarded as an arms race among enterprises. Through the multi-dimensional programming inspection system, Showmebug meets the enterprise’s demand. Under the leadership of the founder Li Yafei, the team keeps iterating and innovating, polishing out a good product that is simple and easy to use, which has created a rapid increase in users and a good reputation in a short time. We believe that ShowmeBug will continue to dig deeper and create value according to the talent needs of enterprises.

Zheng Qingsheng, partner of Sequoia China, said: In the selection of technical personnel, we have seen a more accurate and effective way of professional investigation and evaluation for both enterprises and applicants in overseas markets. Chinese companies are on the road of rapid digital transformation and are in urgent need of new technology recruitment solutions to improve efficiency. Sequoia China believes that the future development space in this field is huge, and the company has a very strong product gene, technology accumulation and deep thinking for the industry, looking forward to the company to continue to create good performance.

This article was first published in 36 krypton by Yong Yi

We welcome attention, experience the product: https://www.showmebug.com