HackerRank Generates US$30 mn in a Series C Round

Published By : 14 Feb 2018 | Published By : QYRESEARCH

HackerRank, a coding and recruitment platform, has raised US$30 mn in a Series C funding round led by JMI Equity, a US-based company. It also witnessed participation from its existing investors, Battery Ventures, Khosla Ventures, Chartline Capital Partners, and Randstad. HackerRank will be utilizing this new capital to support its rise in the enterprise ecosystem, expand its community, and increase the research and development activities in data science. Vivek Ravisankar, the CEO of HackerRank, stated that the company is going to invest actively in these three areas and it will double down on its enterprise market. The company also want to boost advancements in the community of developers and increase its data science competences. HackerRank is a hiring platform for technical professionals that aids businesses in evaluating software developers on the basis of their skill.

More than 1,000 consumers across a number of industries are using the platform to assess and hire skilled professionals from technical background from around the world. BlackRock, VMware, Atlassian, and Capital One are some of the prominent clients of this company. Currently, the company is looking to strengthen its data science competence to get insights into the skills of developers and match them to the correct job opportunities. With these analytics, HackerRank will be enabled to identify right candidates and match them with appropriate job openings. Suken Vakil, the general partner at JMI Equity stated that they are seeing a massive opportunity in HackerRank. More than 10% of the software developer population in the world and more than a thousand enterprises use HackerRank. He has been roped in the board of directors at HackerRank.

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