Karat, a Seattle, Washington-based interviewing-as-a-service platform that provides customers with a way to funnel candidates to Karat’s team of trained online interviewers, engineers themselves who screen applicants for skills and problem-solving abilities as part of the online assessment, raised $110 Million in Series C that values the Seattle startup at $1.1 billion.
The round is being led by Tiger Global, which also led the company’s $28 million Series B in 2019. Norwest Venture Partners, 8VC, Exor, Base Partners, and Sempervirens Fun, all previous backers also participated.
Karat plans to use the funding to continue building more technology and data science into its process both to train and guide the interviewers and to analyze the interviewing process to improve it in the future.
Company: Karat Inc.
Round: Series C
Funding Month: October 2021
Lead Investors: Tiger Global
Additional Investors: Norwest Venture Partners, 8VC, Exor, Base Partners and Sempervirens Fun
Company Website: https://karat.com/
Software Category: Interviewing-as-a-service platform
About the Company: Karat created Interviewing Cloud to solve the multi-decade global shortage of software engineers. The Interviewing Cloud is an always-on, scalable, and consistent human + tech solution for conducting predictive, fair, and enjoyable technical interviews 24/7. The company’s global network of Interview Engineers, unparalleled market intelligence, and purpose-built interviewing infrastructure opens the pipeline for engineering talent, limits pedigree bias, and provides access for underrepresented candidates. Roblox, American Express, Intuit, Compass, and Wayfair trust Karat to expand hiring capacity, unlock developer time, and raise engineering quality so they can innovate and grow.