@HackerRank Widens Global #Recruiting Reach With More FundingComments Off

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HackerRank, a fast-growing Palo Alto, Calif., company that helps corporations find top technical talent, is widening its global reach by attracting a $7.5 million infusion from the venture-capital arm of a major Japanese human-resources company, Recruit Holdings.

HackerRank is best-known for its online coding contests, which attract thousands of engineers from around the world. Top-performing contestants are highly in demand for corporate jobs. HackerRank collects placement fees from companies such as Amazon, Bloomberg, JPMorgan Chase and Wal-Mart, in return for identifying these coding stars and opening the way for corporate recruiters to pursue them.

HackerRank

Vivek Ravisankar, HackerRank’s 27-year-old CEO and co-founder, said in a phone interview that he expects that Recruit’s support will pave the way for expansion into the Asia-Pacific market. Currently, all of HackerRank’s content is in English. But Ravisanker said he plans to build Japanese-language content as well.

In a statement, Chihiro Ueda, president of the Recruit HR Technology Fund, hailed HackerRank as “an efficient way for human-resources professionals to evaluate talent beyond traditional means.” That’s especially valuable, Ueda said, “as the demand for technology talent continues to outstrip supply.”

HackerRank consisted of a modest two dozen or so employees, most of them working in a bare-bones office park in Mountain View, Calif., when FORBES profiled the company in early 2013. Now, though, the company has about 130 people on its payroll and much snappier offices in Palo Alto. There’s also an an engineering team based in India, led by the company’s other co-founder, Harishankaran Karunanidhi,

More growth lies ahead, Ravisankar declared. He noted that HackerRank recently hired Scott Gilfoil, the former HR chief at Palantir Technologies, to help accelerate growth. HackerRank also has been broadening its product line, developing analytics products that help companies identify which types of questions are most effective in identifying engineers that will thrive in various job situations.

With the latest venture capital infusion, HackerRank has raised a total of $20 million of outside capital, Ravisankar said. He declined to disclose his company’s exact valuation in the new round, but didn’t dispute estimates that it might be approaching $100 million.

This article was written by George Anders from Forbes and was legally licensed through the NewsCred publisher network. Talent HQ is a premier information channel empowering professional development for recruiting and HR communities through regional events including Minnesota RecruitersWisconsin RecruitersFlorida Recruiters and California Recruiters.

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Talent HQ’s creator and editor is Recruiting & Diversity Leader, Jason Buss. Talent HQ is a premier online news and information channel for the Recruiting and Human Resources community.

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  • Posted on: Tuesday, July 14th, 2015