What is Karat?
Karat operates at the intersection of human expertise and automated assessment, providing a comprehensive platform that conducts technical interviews on behalf of hiring organizations. The company addresses the persistent bottleneck in engineering recruitment by offering remote hiring software and standardized interview tools that ensure consistency and objectivity. By outsourcing the initial technical vetting process, Karat enables companies to focus on high-level candidate engagement while maintaining rigorous standards for engineering excellence. This infrastructure-as-a-service model for hiring has become an essential component for firms navigating the complexities of remote and global talent acquisition.
How much funding has Karat raised?
Karat has raised a total of $151.6M across 4 funding rounds:
Angel/Seed
$2.3M
Series A
$11.3M
Series B
$28M
Series C
$110M
Angel/Seed (2015): $2.3M with participation from 8VC
Series A (2017): $11.3M led by Norwest Venture Partners
Series B (2019): $28M, investors not publicly disclosed
Series C (2021): $110M featuring 8VC, Tiger Global Management, Norwest Venture Partners, and Base Partners
Key Investors in Karat
8VC
8VC is a leading technology investment firm that backs visionary teams and industry-transforming companies, managing significant capital with a focus on smart enterprise platforms.
Tiger Global Management
Tiger Global Management is a prominent investment firm deploying capital across both public and private markets with a global reach.
Base Partners
Base Partners is a growth equity firm that invests globally in leading technology companies, acting as a strategic partner to help firms scale and capture new markets.
What's next for Karat?
With the infusion of capital from its latest financing round, Karat is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise recruitment sector. The company is expected to focus on deepening its integration with existing applicant tracking systems and enhancing its data-driven insights to further reduce time-to-hire metrics. As the competition for top-tier engineering talent remains fierce, Karat's ability to provide a scalable, reliable, and unbiased interview experience will likely serve as a primary driver for its continued growth and market penetration in the coming fiscal periods.
See full Karat company page
