Karat, the world’s largest interviewing company, has acquired the software engineer platform Triplebyte’s technical assessment product and its team. According to the company’s statement, the acquisition adds a unique top-of-funnel, skills-based assessment to Karat’s suite of Interviewing Cloud offerings, helping organizations identify and hire the best tech talent faster, more accurately, and fairly.
With this acquisition, Karat gains an adaptive assessment technology that dynamically adjusts to the skill level of each candidate, collecting more information from each question asked. This enables recruiting and engineering leaders to unlock high-volume applicant pools, reduce the bias found in resume screens and keyword searches, and confidently advance the suitable candidates to interviews.
Co-founded by Mohit Bhende and Jeffrey Spector, Karat aims to unlock opportunities for both hiring companies and candidates. It helps connect the best people to the right organizations so that they can grow, thrive, and change the world. The company operates as a deeply integrated, strategic partner for CTOs and CHROs, and makes technical interviewing a customer-centric experience for candidates.
Sharing about the company, Co-founder & CEO of Karat, Mohit Bhende, said:
Karat is the only technical hiring solution that takes candidates seamlessly from job application to job offer. With more high-quality tech talent on the market than ever before, now is the time for companies to invest in hiring software engineers – and it starts by strengthening your interview process and candidate experience.
The platform pioneered the Interviewing Cloud, a human+tech solution for conducting interviews on behalf of companies worldwide, 24/7. Karat’s Interviewing Cloud delivers better results than code tests or formal interviews and unlocks opportunities for companies and candidates. Its clients include Walmart, Roblox, and Indeed, which use its purpose-built interviewing Cloud to conduct hundreds of daily interviews. The startup’s mission is to make every interview predictive, fair and enjoyable for candidates.
Karat’s strategic acquisition focuses on Triplebyte’s assessment product and content library. Triplebyte’s sourcing business, Magnet, and its candidate talent network will wind down, effective March 31, and Karat will anonymize the underlying data for analytics purposes.
Chief Executive Officer of Triplebyte, Ammon Bartram, added:
Our goal at Triplebyte was to make real-world engineering skills the essential requirement for getting a job in tech. By combining our adaptive assessment technology with the Interviewing Cloud, Karat is creating a unique solution that eliminates pedigree bias, delights candidates and delivers an unprecedented amount of hiring signals.
In 2019, Triplebyte had raised $35 billion in its Series B funding round, co-led by Ali Rowghani from YC Continuity and Brian Singerman from Founders Fund. Existing investors, Caffeinated Capital and Initialized Capital, also participated in this round.