# Criteria

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/criteria

- Industry: Software
- Headquarters: West Hollywood, US
- Website: www.criteriacorp.com
- Total disclosed funding: $8M
- Latest round: Series A (Nov 2, 2015)
- Investors on record: 1

## About

Criteria Corp is a technology company specializing in web-based pre-employment testing software, aimed at optimizing hiring and talent management processes for businesses.Founded in 2006 in West Hollywood, US, Criteria Corp offers a suite of assessment tools for recruitment. The company was co-founded by David Sherman and Josh Millet, with Josh Millet serving as CEO. In May 2019, Sumeru Equity Partners invested USD 56 mn in a Secondary Buyout, acquiring a majority stake and resulting in Lee Equity's exit. Criteria Corp has raised a total of USD 56 mn across its funding rounds, with two deals noted.Criteria Corp specializes in web-based pre-employment testing software designed to enhance talent acquisition and management processes. Their core product offerings include a comprehensive suite of assessments that measure cognitive aptitude, personality traits, emotional intelligence, risk assessment, and skills evaluation. Additionally, they provide interviewing tools such as video interviewing and interview management systems, aimed at streamlining the hiring process and ensuring a positive candidate experience. The platform serves a broad client base of over 4,000 companies across North America, Europe, and Australia, facilitating a data-driven approach to recruitment.Criteria Corp operates on a subscription-based revenue model, where clients pay for access to their assessment and management tools. The company’s flagship offerings, including the On-Demand Assessment™ and TEAMscan, are typically integrated into clients' hiring workflows. Clients subscribe to pricing plans tailored to their specific needs, granting access to tools and assessments that aid in predicting candidate success and reducing turnover rates.Looking ahead, Criteria Corp is likely to launch new products aimed at enhancing their assessment offerings, although specific release dates are not detailed. The company may also target expansion into additional markets, particularly in Europe and Australia, by 2022. The recent investment from Sumeru Equity Partners will support these initiatives, allowing the company to enhance its product suite and expand its reach in the competitive recruitment technology landscape.

## Funding rounds

- Series A, Nov 2, 2015, $8M — Level Equity

## Investors

- Level Equity (https://capitalatlas.ai/funds/level-equity) — Series A