NewsHackerRank Raises $30 Million in Funding

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HackerRank, the online development community known for its coding challenges, has raised an addition $30 million in venture capital, bringing its total funding to $58.2 million. This round’s investors included JMI Equity, Khosla Ventures, Battery Ventures, Randstad Innovation Fund and Chartline Capital Partners.

The company plans to use the money to expand its business and add more data science capabilities. JMI Equity general partner Suken Vakil, who will be joining HackerRank’s board, said, “We see a massive opportunity in HackerRank. Over 10 percent of the world’s population of software developers and over a thousand companies use HackerRank. We look forward to helping the HackerRank team scale their efforts in transforming the way companies evaluate and hire the right developers.”

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