California-based talent evaluation platform HackerRank has raised another $30 million in series C funding. HackerRank is a platform that empowers companies to evaluate technical talent based on skills. The funding round was led by JMI Equity, a growth equity firm that invests in leading software technology companies.
After this fund-raising event, Suken Vakil will be joining the board of HackerRank. Existing investors like Khosla Ventures, Randstand Innovation, Battery Ventures also participated in this event. This takes the total funding of HackerRank to $58.2 million.
The new funds will allow HackerRank to expand and support its community, which already has more than 3.4 million developers, and it will also be used in research and development. The new influx of money will propel the developers to do the right jobs, which will bring the organization one step closer to their vision.
Commenting on this occasion, HackerRank’s co-founder and CEO Vivek Ravisankar said, “The need for developers is only going to increase as every company becomes a software company. To hire the talent, they need to drive innovation, companies can’t afford to continue to use antiquated resumes in the first step of their hiring process. The need for developers is only going to increase as every company becomes a software company. To hire the talent, they need to drive innovation, companies can’t afford to continue to use antiquated resumes in the first step of their hiring process.”
Suken Vakil stated, “We see a massive opportunity in HackerRank. Over 10 percent of the world’s population of software developers and over a thousand companies use HackerRank and we look forward to helping the HackerRank team scale their efforts in transforming the way companies evaluate and hire the right developers.”
Advancements in research and development will make the platform stronger, and help identify candidates with relevant job openings more accurately.
