HackerRank Net Worth – How Profitable is the Start-Up?

HackerRank is a tech company that focuses on competitive programming challenges for businesses and consumers. 

HackerRank Net Worth

The net worth of HackerRank is around $20 million USD. The tech company was founded in 2011 by the two NIT Trichy alumni named Vivek Ravisankar and Hari Karunanidhi. The original name of the start-up was InterviewStreet Inc. HackerRank hit $19.6M Revenue with 2K customers in 2022. The company’s mission is to match every developer to the perfect job for them.

On their Youtube channel, they have more than 250 thousand subscribers. The channel was created on April 17, 2014 and has over 14 million views in total.

They also have a podcast called HackerRank Radio. According to them, the podcast is for engineering leaders and hiring managers who are interested to learn the latest technology and solutions to solve one of businesses’ toughest problems today: hiring the right developers. In each episode of the podcast, the HackerRank executives (CTOs, VPEs, and engineering leads) talk to global leaders in their respective industries about hiring and everything it entails. This starts from the interview process, to recruitment strategies, and building an amazing team. 

Company History

Vivek Ravisankar and Hari Karunanidhi are two National Institute of Technology, Tiruchirappalli (NIT Trichy) graduates. The school is a public technical and research university close to Tiruchirappalli in Tamil Nadu, India. 

In August 2009, the pair co-founded Interviewstreet.com. In September 2012, the start-up became HackerRank. HackerRank is a Y Combinator-backed company. If you don’t know, Y Combinator is a start-up accelerator and has launched successful start-ups such as AirBnB , DoorDash, DropBox, InstaCart, Quora, Stripe, Cruise, and Reddit. Y Combinator was founded in 2005 by Paul Graham, Jessica Livingston, Robert Tappan Morris, and Trevor Blackwell. HackerRank was the first Indian company accepted into Y Combinator. That’s an amazing feat, if you ask me! 

They aim to accelerate the world’s innovation by transforming the developer hiring process to be based on skill vs pedigree. They work with companies who are just getting started all the way to Fortune 100 companies like Amazon, Apple, Salesforce, Walmart, etc. 

In October 2014, the company moved to an office space in Mountain View, Santa Clara County, California. The space is able to hold twice as many people as they had at the time. At this time, their revenue also doubled in just three to six months. 

In July 2015, the company received $7.5 million funding from Recruit Holdings’ HR technology fund. HackerRank announced that they had raised $30 million in Series C funding, led by JMI Equity, in February 2018.

In December 2019, HackerRank acquired Mimir which is a cloud-based service that provides tools for teaching computer science courses. Mimir is also used by Google and some universities. 

For the coding challenges which encourages competition among users of HackerRank, when a developer solves a programming challenge, their submission is scored on the accuracy of their output. Programmers are then ranked on the HackerRank leaderboard. They can earn badges based on their achievements.

HackerRank also has an active developer community with 5 million members and counting, where people all over the world can practice coding, prepare for interviews, and even get hired.

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