HackerRank provides a skills-based recruiting platform that offers coding assessments for employers and practice and interview-preparation tools for developers. The company emphasizes developer training and privacy, allowing developers to control whether they share their practice results. HackerRank says it is a “hardcore recruiting platform,” not an edtech company, and has leaned into remote hiring trends that expanded during the COVID-19 pandemic. It reports 2,800 customers—including portions of the Fortune 100—and 18 million developers on the platform, with roughly 50% of developers in India, 30% in the Americas and 20% in EMEA. HackerRank is based in Mountain View and was conceived by founders Vivek Ravisankar and Hari Karunanidhi while they were in India. The company recently raised funding and reported a valuation of around $500 million according to its CEO. HackerRank operates a skills-based recruiting platform and an online coding challenge community used to evaluate and match developer talent. The company runs HackerRank for Work, which customers including five of the top eight commercial banks, auto manufacturers, retailers and others use to recruit technical staff. Since launching in 2012, the community has grown organically to over 3.4 million developers and the company has about 150 employees. Over the last year HackerRank expanded beyond core programming skills to support roles such as DevOps and database specialists. The company was cash flow-positive for part of 2017 and expects to return to that state in the near future. Management plans to invest in customer acquisition, the community, and machine learning/data science to improve employer–candidate matching and expand the product portfolio. HackerRank operates a hiring platform focused on technical assessments and candidate screening and has launched DbRank, a screening tool for database programmers, business analysts and data scientists. DbRank evaluates candidates by having them run real-time database queries and automatically scoring their performance, initially covering Oracle, IBM DB2, MySQL and MSSQL, with NoSQL support likely to follow. The company received a $7.5M strategic investment from Recruit Holdings’ HR Technology Fund, bringing total funding to $19.9M. Recruit, a major information‑services and HR player with over 28,000 employees and holdings that include Indeed, is expected to help HackerRank expand in the Asia‑Pacific region. Since its Series B last year HackerRank has grown headcount from 40 to 125 and recently hired Scott Gilfoil as head of HR and talent. In the coming months the company plans to expand its India operations beyond its Bangalore office to Mumbai, Delhi and other cities. HackerRank operates a code-challenge community alongside a white-label recruiting platform focused on technical hiring. Its core offerings include sponsored coding challenges and a real-time whiteboard with a built-in code editor for technical phone interviews. The company has doubled its revenue every quarter for the last three quarters, monthly active users are growing 20–25% month-over-month, and about half a million developers are active on the site. Most recent growth has come from the white-label recruiting product rather than its original public challenges. HackerRank plans to grow its sales team rapidly to capitalize on momentum and to expand its product into additional domains such as networking and database administration. Customers using the service include Amazon, Yahoo, Microsoft, VMware, Skype and Square, and the company has begun making inroads with non-tech firms as well.

Total raised

$107M

Funding rounds

4

Latest round

Series D

Latest activity

Mar 2022