As HackerRank co-founder and CEO Vivek Ravisankar told me, the company now has over 3.4 million developers in its community, which has grown organically since the company’s
“To be frank, we didn’t think we needed $30 million,” Ravisankar told me, but JMI looked like a good match for HackerRank and this round, which brings the company’s total funding to $58.2 million to date, gives it a long runway to expand its product portfolio.
Specifically, Ravisankar is focussing on three areas: doubling down on customer acquisition and HackerRank’s go-to-market strategy, investing more in its community, and using machine learning and data science to better match employer and job seekers.
It’s this last part that’s probably the most interesting. HackerRank sits on a trove of data about what skills job seekers possess and which ones employers are looking for. “It’s very hard for a lot of companies to quantify what makes a great developer,” Ravisankar explained — and the same goes for developers who don’t always know what they are looking for. So at this point, the HackerRank team is trying to figure out how it can best use its data to say whether a developer is a good fit for a job.
HackerRank currently has about 150 employees but this new round will allow it to hire a few more, too. Chances are, it’ll use its own platform to do so.