[Funding alert] Upskilling platform HackerRank raises $60mn in funding

Developer skills startup HackerRank has raised $60 million in Series D funding round from Susquehanna Growth Equity.

Many investors including JMI, Khosla Ventures, Randstad Innovation Fund, and Recruit Holdings also invested in this round.

The startup plans to use the funds for continued growth and accelerate HackerRank’s ability to drive technical hiring for the most in-demand roles and skills at companies across the globe.

In addition, the funds will be used to expand the depth of the services its global team provides, invest in technological innovation and partnerships, and grow its team.

As part of this investment, Martin Angert, Managing Director of Susquehanna Growth Equity, will join HackerRank’s board of directors.

“It’s never been more critical to hire the right developer with the right skill set. For more than a decade, HackerRank has helped growing organisations hire for the most in-demand technical roles on the market. This funding will help us expand our leadership position and support the most relevant skills in tech — and expand beyond hiring into the post-hire journey, as well”, said, Vivek Ravisankar, CEO of HackerRank.

Founded in 2012 by Vivek Ravisankar and Hari Karunanidhi, It provides recruiters with tools to assess coding skills as part of the assessment and interview process; and provides its platform for developers to practice their coding and interviewing skills.

The company said the funding will also be used to expand HackerRank’s developer skills platform to support screenings and interviews for technical skills in emerging areas such as machine learning, blockchain, and crypto.

“The technical hiring market is at a pivotal moment, as companies around the world struggle to scale recruitment efforts in one of the most competitive labor markets we have ever seen. Paired with the explosive growth of remote work, HackerRank has solidified itself as the gold standard for skills-based hiring in the developer community”, said,  Martin Angert, Managing Director at Susquehanna Growth Equity. The company counts more than 2,800 customers across all industries, including more than 25% of the Fortune 100, and has a community of 18 million developers on its platform.