HR Startup Karat Acquires $28 Million in Financing
Karat, a startup conducting technical interviews on behalf of clients, raised $28 million in a Series B funding round led by Tiger Global Management, with participation from existing investors Norwest Venture Partners and 8VC.
According to the company, its interview engineers are experienced software developers who conduct live first-round technical interviews on behalf of clients. They are equipped with Karat’s interviewing infrastructure and data-informed best practices from the company’s structured-interview dataset.
Karat plans to invest the funding in R&D to leverage its structured-interview intelligence to improve its technical interviews for hiring software engineers.