US-based skills assessment technology provider HackerRank secured $30m yesterday in a series C round that included Randstad Innovation Fund, the strategic investment arm of human resources firm Randstad.
Growth equity firm JMI Equity led the round, which also featured venture capital firms Khosla Ventures and Battery Ventures and VC fund Chartline Capital Partners. JMI Equity general partner Suken Vakil has joined HackerRank’s board of directors.
HackerRank has created an automated testing platform that allows businesses to assess the talent and ability of software developers before they hire them.
Vivek Ravisankar, HackerRank’s co-founder and CEO, said: “The need for developers is only going to increase as every company becomes a software company.
“To hire the talent they need to drive innovation, companies cannot afford to continue to use antiquated resumes in the first step of their hiring process.
“HackerRank is playing an important role in reshaping the future of technical hiring – one where developers can showcase their skills and employers can evaluate them in an unbiased way.”
The company has now raised $58.2m altogether, it said. That figure includes a $7.5m investment from another human resources provider, Recruit Holdings, in 2015 through its HR Technology Fund.
Khosla Ventures and Battery Ventures had previously led a $9.2m round for HackerRank in 2014 that included private investors Peeyush Ranjan, Greg Badros and Dan Rubinstein.
The series C funding will go to advancing the company’s data science technology, allowing it to more effectively match developers with specific positions, and will also support more generalised expansion.