HackerRank

HackerRank

Tech recruitment platform for coding skills

About HackerRank

Simplify's Rating
Why HackerRank is rated
A-
Rated A on Competitive Edge
Rated A+ on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Education

Company Size

1,001-5,000

Company Stage

Series D

Total Funding

$114.5M

Headquarters

Mountain View, California

Founded

2012

Overview

HackerRank operates a platform designed for the tech recruitment market, catering to both job seekers and companies. Developers can use the platform to practice coding, prepare for interviews, and enhance their skills. Companies benefit from tools that allow them to create skills-based coding tests, which help assess candidates on practical problems they would face in their roles. This method enables companies to make informed hiring decisions based on actual skills rather than traditional metrics. With over 3,000 clients, including a quarter of the Fortune 100, HackerRank focuses on skills assessment to meet the growing demand for tech talent across various industries. The goal is to help companies build effective tech teams by providing a fair and data-driven hiring process.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for remote hiring solutions boosts HackerRank's virtual assessment tools.
  • Partnerships with coding bootcamps expand HackerRank's certification and assessment services.
  • Shift towards skills-based hiring in non-tech industries opens new markets for HackerRank.

What critics are saying

  • Increased competition from CEE tech hubs may divert clients and talent.
  • Recent layoffs could indicate financial instability affecting client trust.
  • AI-powered plagiarism detection may face privacy and accuracy challenges.

What makes HackerRank unique

  • HackerRank offers unbiased assessments focusing on skills, not demographics.
  • The platform integrates AI to enhance candidate matching and assessment accuracy.
  • HackerRank provides specialized assessments for cybersecurity roles, addressing industry needs.

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Funding

Total Funding

$114.5M

Below

Industry Average

Funded Over

6 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$60M
HackerRank
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Work with an intelligent & talented team

Flexible work hours & vacation time

Competitive salary

Insurance for employee & family

Health & wellness benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Newswire
Mar 14th, 2024
HackerRank Launches Two New Solutions to Help Companies Become GenAI Ready

CUPERTINO, Calif., March 14, 2024 (Newswire.com) - HackerRank, the developer skills company, today announced the introduction of two groundbreaking solutions, SkillUp and Engage.

Compsmag
Aug 27th, 2023
HackerRank's Bold Move: 53 Employees Laid Off Amid Economic Uncertainty

In 2020, HackerRank raised $60 million in funding, led by Susquehanna Growth Equity, bringing their total funding to over $115 million.

The Recursive
Aug 18th, 2023
Tech Talent On The Rise: 4 Reasons To Establish Your Dev Team In The Cee Region

Central and Eastern Europe (CEE) has been experiencing a significant transformation in the tech landscape, with an inflow of multinational companies and innovative startups establishing their presence in the region. And notably — the CEE tech talent emerges as one of the driving forces behind this growth.With over 2.3 million ICT specialists in the CEE region, the sector represents nearly 3% of the workforce. Poland — the region’s most populous and developed ecosystem — represents almost a quarter of that workforce, employing over 500,000 people in the ICT industry.Over the past two decades, CEE has started to gain global attention, attracting many multinational corporations, including Amazon, IBM, Oracle, SAP, Microsoft, Cisco, Google, and Intel, with more seeking to open offices there, including Open AI’s interest to open European headquarters in Poland.“I don’t know what Poland does as a culture and a system to create such incredible engineering and research talent and also such rigor, which has been, I think, very important to OpenAI’s success, but it’s quite remarkable the impact that it’s had,” stated the CEO of OpenAI, Sam Altman, during a visit in Poland earlier this year.In this article, The Recursive explores why the CEE region is becoming an attractive destination for companies to base their development teams, capitalizing on the region’s combination of innovation hub, emerging tech ecosystem, and dynamic startup scene.4 Reasons CEE tech talent attracts businesses — from startups to global giants1. Thriving tech ecosystem and strategic locationAt the heart of the CEE region lies a thriving tech ecosystem. As the region evolves into an innovation hub that fosters knowledge sharing, industry collaboration, and global partnerships, it provides an ideal base for both international and local companies.According to the Central and Eastern European Startups 2022 report, the region is among Europe’s most efficient value creators (jobs created per Euro of venture capital invested). It is also one of the fastest-growing regions for VC funding, growing 7.6x since 2017.Located at the crossroads of Europe, the CEE region also offers a strategic geographic advantage

HackerRank
Jun 13th, 2023
What is C++? A Comprehensive Guide

Now that HackerRank has introduced C++, let’s delve into its defining characteristics.

PR Newswire
Jun 7th, 2023
Hackerrank Launches Groundbreaking Ai-Powered Plagiarism Detection System, Setting A New Standard For Fairness In Developer Hiring

MOUNTAIN VIEW, Calif., June 7, 2023 /PRNewswire/ -- HackerRank, the developer skills company, today announced the launch of its advanced plagiarism detection system, fueled by the power of artificial intelligence. By leveraging dozens of signals, including the use of external tools and certain typing patterns like copy and paste, HackerRank's AI-powered solution safeguards assessment integrity while providing developers with a fair and level playing field to showcase their skills.HackerRank's plagiarism detection system tracks a wide array of signals across three key categories: coding behavior features, attempt submission features, and question features. Through comprehensive analysis, the system calculates the likelihood of certain out-of-bounds activity with 93% accuracy."The launch of HackerRank's AI-powered plagiarism detection system marks a significant milestone in our commitment to improving technical assessments and fostering a level playing field for developers worldwide," said Vivek Ravisankar, CEO at HackerRank. "By leveraging the power of AI, our cutting-edge plagiarism detection system revolutionizes how developers are evaluated, protecting the integrity of the process and establishing an environment where every developer has an equal opportunity to excel. At HackerRank, we're excited to fully embrace AI and help customers leverage its potential on their own terms."HackerRank's algorithm operates solely on coding behavior, without reference to background information such as gender, race, age, school, location, or experience. This helps ensure a fair assessment process based on the merit of an individual's skills

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