HackerRank, a platform used by hackers to hone their skills and companies to streamline their recruiting process has raised $9.2 Mn Series B funding round led by Khosla Ventures and Battery Ventures.
A group of angel investors also participated in this round including Peeyush Ranjan (VP of Engineering at Motorola Mobility at Google), Greg Badros (former Sr. Director of Engineering at Google and former VP of Engineering & Products at Facebook), and Dan Rubinstein (Director of Product Management at Facebook).
HackerRank is a free platform to solve programming challenges for fun, education, prizes and jobs. HackerRankX, is a technical interviewing platform created by the HackerRank that streamlines the process from phone interview to on-site interview saving on average, 80 developer hours for every hire made.
“We’re improving the overall skill level of hackers across the world while helping companies hire the right programmers, in an efficient way that is fair to both sides,” said Vivek Ravisankar, founder of HackerRank. “As talent increase, products across industries ship faster. Essentially we are speeding up the world. This is like building a time machine.”
The platform has witnessed a tremendous growth in the last year – doubling revenue each quarter since Q4 of 2013 with over 50,000 hackers coming on the platform each month.
“There is a massive opportunity here as the free market for tech talent catches up to demand. It will all come down to executing it right, and so far HackerRank is on the right path moving fast. This is one of the many reasons we are leading the B round as well,” said Vinod Khosla of Khosla Ventures.
Formerly known as Interviewstreet, HackerRank had previously raised $200k in seed and later $3 Mn in Series A, its investors include Khosla Ventures, Start Fund, SV Angel and ZenShin Capital. HackerRank was launched at TechCrunch Disrupt in 2012 and is backed by Y Combinator.
