HackerRank raises $30M to match developers with jobs

TechCrunch | 2/13/2018 | Frederic Lardinois
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HackerRank, the skills-based recruiting platform and online coding challenge community, today announced that it has raised a $30 million Series C funding round led by JMI Equity, a fund that specializes in helping software companies scale. Exiting investors Khosla Ventures, Battery Ventures, Randstad and Chartline Capital Partners also participated in this round.

As HackerRank co-founder and CEO Vivek Ravisankar told me, the company now has over 3.4 million developers in its community, which has grown organically since the company’s launch in 2012. What’s maybe just as important, though, is that the service has also brought on a wide variety of companies to its HackerRank for Work program that are looking to use the services platform (and community) to recruit developers. According to Ravisankar, these customers include five of the top eight commercial banks, for example, as well as auto manufacturers, retailers and others. Ever company is now a software company, after all, and they are all looking for talent. With these customers, HackerRank was actually cash flow-positive for a part of 2017 and expects to return to that in the near future.

Course - Year - HackerRank - Core - Programming

Over the course of the last year, HackerRank also expanded beyond core programming skills and adding support for other technical roles, including DevOps positions,...
(Excerpt) Read more at: TechCrunch
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