funding

HackerEarth raises $4.5 million in series A funding from DHI and others

HackerEarth

HackerEarth, platform for innovation and talent management, has raised $4.5 million (INR 30 crores) in series A fund with DHI Group, Inc., owner of Dice, being a key investor with participation from BEENEXT, BEENOS, Digital Garage, and BizReach.

HackerEarth’s current investor, Prime Venture Partners, also participated in this round.

With this round, HackerEarth has raised a total of $5 million in equity investment (INR 33 crore) to date. With this fresh infusion of capital, it aims to aggressively grow in the space of Innovation Management. It will also use the funds to strengthen the product team and expand the business internationally.

HackerEarth has grown by 5X in the last one year while adding more than 300 customers. HackerEarth recently announced its partnership with Dice, the leading career site for technology professionals in the U.S. and a service of DHI Group, Inc., and Webstaff in Japan, to sellits two main products, Sprint and Recruit.

HackerEarth, founded by Sachin Gupta and Vivek Prakash in late 2012, has worked with more than 1000 organizations globally. Its two main products for businesses are Sprint and Recruit.

Sprint was launched in 2015 as an Innovation Management tool that enables organizations to drive transformation by involving their employees, partners, customers and the open developer community. Sprint is also gaining active acceptance among non-IT firms and is leveling the playing field for non-technology companies. Some of the world’s foremost companies, including Honeywell, Pitney Bowes, Wipro, Walmart Labs and Intuit have worked with HackerEarth across major industry verticals like financial services, retail, healthcare, and manufacturing. HackerEarth has also worked with state governments, local administration, and NGOs to find solutions to everyday problems.

HackerEarth Recruit allows companies to conduct tests to screen technical candidates. The product allows recruiters to seamlessly create programming tests and remotely evaluate candidates. More than 500 companies have used Recruit for technical assessment like Amazon, DBS, UBS and L&T Infotech. HackerEarth has assessed more than 1 million candidates till now on the Recruit platform.

Sachin Gupta, CEO and Co-founder, HackerEarth, said, “With HackerEarth Sprint, we have rapidly grown in the space of innovation management, primarily helping companies drive innovation through hackathons. We see good potential in this space and want to invest to grow this business. This is in-line with our ongoing efforts to build a large developer community across the globe and help companies do better talent management.”

“The employment market for tech professionals remains tight and DHI, together with HackerEarth, are delivering an effective service for professionals and employers to gain an advantage over competitors,” said Michael Durney, President and CEO of DHI Group, Inc.

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