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. Existing investors Khosla Ventures, Battery Ventures, Randstad and Chartline Capital Partners also participated in this round.
The company will use the new capital to accelerate its growth in the enterprise, expand and support its community of more than 3.4 million developers, and advance its data science research and development.
Led by Vivek Ravisankar, co-founder & CEO, HackerRank provides a technical hiring platform for businesses to evaluate software developers based on skill. Over 1,000 customers across all industries, including 5 out of the top 8 commercial bank institutions in the U.S. and 4 of the top 7 retail companies, use HackerRank’s automated skills assessments to evaluate and hire technical talent from around the world.
Speaking about the investment, Suken Vakil, General Partner at JMI Equity stated, “We see a massive opportunity in HackerRank. Over 10% of the world’s population of software developers and over a thousand companies use HackerRank. We look forward to helping the HackerRank team scale their efforts in transforming the way companies evaluate and hire the right developers.”
