TrueAbility said it raised a seed round of $750,000 in a deal led by Rackspace co-‐founder Pat Condon, and Rackspace co-founder and chairman Graham Weston. San Antonio-‐based TrueAbility is developing recruiting technology to evaluate job candidates.
TrueAbility Announces Seed Funding of $750,000 to Disrupt the Technical Recruiting Status Quo
Company Founders Collectively Hired Over 1,000 Technical Employees
San Antonio, January 14, 2013 – Recruiting technology startup TrueAbilityTM today announced a seed stage funding round of $750,000 led by Rackspace co-‐founder Pat Condon and Graham Weston, co-‐founder and Chairman of Rackspace (NYSE: RAX). The San Antonio-‐based company’s flagship product AbilityScreenTM, is a cloud-‐based technical assessment service used by companies to evaluate technical job candidates.
AbilityScreen allows hiring managers and recruiters to measure a technical candidate’s ability within the technologies, platforms, vendor certifications and industry standards that their company uses today, or plans to use. AbilityScreen tests candidate’s ability to solve real issues in a live server environment, in contrast to traditional phone screen questioning, written testing and in-‐house break-‐fixes.
An AbilityScreen puts a technical candidate in their natural environment, the environment they would be in at the job, to demonstrate what their current level of expertise is—from anywhere in the world. AbilityScreen can evaluate the candidate’s ability to think critically and leverage resources, and how well he or she will adapt to learning new things on the fly.
“The demand for qualified technical expertise in the enterprise has changed, but the way we screen and hire these candidates has not,” said Graham Weston, lead investor and Chairman of Rackspace. “TrueAbility can evolve this space much to the benefit of companies everywhere.”
Companies and Organizations Worldwide Spend Billions of Dollars A Year Struggling To Find Qualified Technical Talent
“We’ve built TrueAbility based on the team’s collective experience of 30 years in learning how to best recruit technical talent,” stated Luke Owen, CEO. “The
technical recruiting process today is archaic. We can help companies and organizations worldwide recruit the right talent, save money and architect the right technical talent strategy.” (Editor’s note: YouTube video with Luke Owen regarding the announcement may be viewed here: http://youtu.be/2HDPMQDtAJw )
TrueAbilityTM -‐ Hire Great Techs!
TrueAbility helps companies hire only the best technical talent by assessing a job candidate’s technical skills in a live server environment-‐-‐from anywhere in the world. TrueAbility shortens the recruiting process and delivers objective, easy-‐to-‐ use pre-‐hire data that helps businesses hire great techs.
Today, recruiters and hiring managers rely on resume key words and written tests to qualify a job candidate. Resumes are often embellished, and written tests do not accurately capture a candidate’s TRUE ability, only their theoretical knowledge of the technology. TrueAbility has built a platform to solve this problem by validating IT job candidate skills on a real server in the cloud-‐-‐allowing them to demonstrate their abilities in technologies relevant to the job they are applying for. Results can be used by companies to rank job applicants, reducing their cost per hire and accelerating the recruitment process. Visit www.TrueAbility.com to learn more.