Developer recruiting platform HackerRank raises $60 million


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HackerRank, a company that matches companies with software developers and helps manage the entire hiring process, has raised $60 million in a Series D funding round.

Founded in 2009, HackerRank partners with companies such as Twitter, VMware, Cisco and Amazon to help them search, screen, interview and rank the most suitable candidates for a job – this can be anything from software engineering and web development to cybersecurity and DevOps.

“It has never been more important to hire the right developer with the right skills,” HackerRank CEO Vivek Ravisankar said in a statement.

Aside from self-finding candidates, HackerRank is all about testing potential employees’ skills on real-world problems – this could involve building a real web application, fetching API data, or debugging a codebase. Indeed, the HackerRank platform includes a built-in IDE (integrated development environment) and pair programming tools so that the interviewer can go through exercises with each candidate to see how they solve problems.

HackerRank: Built-in IDE and Pair Programming Tools

In addition, HackerRank also features built-in ranking tools that allow recruiters to compare the results with the wider candidate pool and the HackerRank developer community.

HackerRank: Candidate Rank

For now, HackerRank had raised about $43 million, and with another $60 million in the bank, the Mountain View, California-based company said it will “accelerate its ability to drive tech recruiting” for the most in-demand tech positions.

“For more than a decade, HackerRank has been helping growing organizations take on the most in-demand technical positions in the market,” Ravisankar added. “This funding will help us expand our leadership position and support the most relevant skills in technology – as well as move beyond hiring the post-hire journey.”

The company’s Series D round was led by Susquehanna Growth Equity, with participation from JMI, Khosla Ventures, Randstad Innovation Fund and Recruit Holdings.

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