Recruit Bets on Merit-Based Tech Hiring Platform HackerRank with $7.5M Strategic Investment
Funds will be used to launch new services that accurately determine a candidate’s true coding skills, no matter their location or background
HackerRank , the technical talent platform used by programmers to hone their coding skills and by companies to recruit tech talent, announces that it has received a $7.5 million strategic investment from Recruit Holding’s HR Technology Fund to rapidly accelerate its disruption of the tech hiring landscape.
A recent survey published by UBM found that 73 percent of companies with fewer than 1,000 employees and 88 percent of organizations with more than 1,000 employees agreed that they can’t find the tech hires needed to power innovation. Given this huge unmet need, tech hiring is ripe for innovation.
As part of Recruit ’s commitment to invest in innovative human resource companies, Recruit reviewed several companies disrupting the technical hiring space. With over one million coders on its platform and over 1,000 customers, HackerRank was the only one that consistently attracted the best tech talent and blue-chip companies like Adobe, Amazon, Walmart, Bloomberg, and JPMorgan Chase.
“This strategic investment from Recruit is a great vote of confidence in HackerRank’s vision of making the world flat - where tech hiring is based on meritocracy and companies can hire the best tech talent from any corner of the world,” says Vivek Ravisankar, CEO and Co-Founder of HackerRank.
“Every company today is a technology company and with this investment, we are looking forward to dramatically accelerating our adoption in enterprises.” “ HackerRank is a great resource for HR managers,” said Recruit HR Technology Fund president Chihiro Ueda. “As the demand for technology talent continues to outstrip supply, HackerRank offers an efficient way for HR professionals to evaluate talent beyond traditional means. They have built their reputation on being the go to community for tech talent analysis.”
HackerRank is a technical talent platform used by programmers to hone their coding skills and by companies to recruit tech talent. Co-founded in 2012 by Vivek Ravisankar and Harishankaran Karunanidhi, HackerRank is a Y Combinator graduate with over 1M developers and over 1,000 customers. Learn more at HackerRank.com
Maggie Philbin VSC for HackerRank
About Recruit Holdings
Founded in 1960, Recruit Holdings is a leading information services and human resources company in Japan. Through a wide range of services, Recruit is focused on variety of areas, including employment, education, housing, marriage, travel, restaurants, beauty, cars, hobbies, and lifestyles. Recruit has more than 28,000 employees and operates in Asia and North America. Its holdings include Indeed, the world’s largest job site. For more information visit http://www.recruit-rgf.com/
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