HackerRank
HackerRank runs a platform for coding tests and technical interviews used by hiring teams.
On the record
Checkpoint: Next funding round or disclosed valuation change since the 2022 raise
The call
HackerRank still has thousands of paying customers, but its valuation has sat still for four years while AI chips away at what a coding test even proves.
HackerRank is a software platform that lets companies give coding tests to job candidates and current employees. The problem is that AI tools can now solve most coding problems automatically, so the test itself is becoming less useful. At the same time, competitors like CodeSignal are copying HackerRank's features, and bigger HR companies like Workday could add coding tests to their own products anytime. The one thing that could change this: whether HackerRank's new AI-powered hiring assistant actually works and makes the company valuable again, or whether it just becomes another feature that bigger companies copy or build themselves.
Why
01
AI pressure: Generative AI coding assistants (ChatGPT, Copilot) plus CodeSignal's Cosmo. Candidates use AI to solve the tests, and AI can generate the questions, so the core product is losing meaning on both ends. Could AI do the core job? Yes, likely.
02
Bigger players: Workday, Greenhouse, LinkedIn/Microsoft. These ATS platforms could bolt on native coding assessment with no technical barrier stopping them, though none have shipped it yet. Could a giant copy it? Yes, easily.
03
What protects it. 2,500+ enterprise customers with assessments wired into their hiring workflows, which makes switching a hassle.
What would change this call
HackerRank announces a new funding round or valuation change within 12 months. Shows whether investors see the AI-agent pivot as validated growth or distress.
Workday or Greenhouse launches a native coding assessment module. Would show ATS incumbents closing the integration gap HackerRank relies on.
Independent revenue or customer-count disclosures reconcile the $221M estimate versus ~$10-11M filed India figures. Would clarify whether HackerRank's actual growth matches its marketed scale.
Workday or Greenhouse launches a native coding assessment module. Would show ATS incumbents closing the integration gap HackerRank relies on.
Independent revenue or customer-count disclosures reconcile the $221M estimate versus ~$10-11M filed India figures. Would clarify whether HackerRank's actual growth matches its marketed scale.
Key numbers
- $500M valuation, unchanged since March 2022
- India entity revenue ~$10-11M, up 3.3% YoY
- Web traffic down 6.5% quarter over quarter
Named risks
- No new funding round in over 4 years since March 2022, raising down-round or distress risk.
- Core coding-assessment product is being undermined by generative AI on both candidate and question-generation sides.
- Revenue figures conflict wildly between $221M estimate and ~$10-11M filed India entity figure, unresolved financial picture.
- CodeSignal matching AI features within months erodes any product differentiation.
- Website traffic down 6.5% QoQ and headcount growth plateauing signal weakening demand.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| CodeSignal | contesting | Launched Cosmo AI assistant May 28, 2025, matching HackerRank feature-for-feature within months |
| CodeSignal | losing to | SelectHub March 2026 gave CodeSignal 81 analyst rating vs HackerRank's 76 |
| Workday | gaining on | Named as potential predator; could bundle native coding assessment into ATS with no structural bar |
| Greenhouse | gaining on | Currently an integration partner but could add native assessment, per structural argument |
| Codility | contesting | Named as direct peer in HackerRank's own 2025 enterprise comparison content |
Questions people ask
- Is HackerRank profitable?
- Unclear. HackerRank is private with no audited financials. Third-party trackers estimate 2024 revenue near $221M, but its Indian legal entity filed only about $10-11M (3.3% YoY growth) for FY24, per Inc42 data as of 2026-05-29, making true profitability unverifiable.
- Has HackerRank raised any funding recently?
- No. HackerRank's last disclosed round was a $60M Series D led by Susquehanna Growth Equity on March 29, 2022, at a roughly $500M valuation. As of mid-2026, over 4 years have passed with no new funding, acquisition, or ownership change reported.
- Could AI replace HackerRank's core product?
- AI is eroding HackerRank's core coding-assessment premise since generative AI can solve or generate standardized problems, forcing an industry-wide 'AI-proctoring arms race.' HackerRank responded with Proctor Mode and AI Interviewer in March 2025, but rival CodeSignal matched these features within months (May 2025).
- Who is HackerRank's biggest competitor?
- CodeSignal is HackerRank's closest rival, matching it feature-for-feature; CodeSignal launched its Cosmo AI assistant on May 28, 2025, shortly after HackerRank's own AI push. SelectHub's March 2026 analyst rating gave CodeSignal 81 versus HackerRank's 76.
- Who owns HackerRank?
- HackerRank is privately held and venture-backed, not publicly traded. Investors from its March 2022 $60M Series D include Susquehanna Growth Equity, JMI Equity, Khosla Ventures, Randstad Innovation Fund, and Recruit Holdings, valuing it near $500M.
- Is HackerRank's revenue growing?
- Data conflicts sharply. Third-party trackers estimate around $221M for 2024, but HackerRank's filed Indian entity revenue was only ₹89.6 Cr (about $10-11M) with just 3.3% YoY growth for FY24, per Inc42 as of 2026-05-29, so overall growth trajectory remains genuinely unresolved.
Timeline
- 2025-11Partnered with Indian edtech byteXL for Tier 2/3 college assessment and AI mock-interview access
- 2025-07-09Launched ASTRA benchmark for evaluating frontier LLMs on coding tasks and AI-Assisted Interviews
- 2025-05-28Rival CodeSignal launched its Cosmo AI assistant, matching HackerRank's AI push
- 2025-04Added RAG question templates and around 160 new coding and database questions
- 2025-03-13Held AI Day 2025 with 7,000+ attendees, launching Proctor Mode and expanded AI Interviewer
- 2025-01Launched prompt-engineering assessment question sets
- 2023-08-27Laid off 53 employees citing economic uncertainty
- 2022-03-29Closed $60M Series D led by Susquehanna Growth Equity at ~$500M valuation
- 2011Became first Indian company accepted into Y Combinator, Summer 2011 batch
- 2009Founded as InterviewStreet Inc. by Vivek Ravisankar and Hari Karunanidhi
Revision history
22 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- HackerRank (2026-07-07)
- HackerRank's AI-Driven Solutions Modernize Tech Talent Strategies (2025-07-09)
- HackerRank Revenue, Valuation & Funding History (2026-07-02)
- HackerRank raises $60M (2022-03-29)
- HackerRank - Headcount, Funding & Open Jobs (2026-06-28)
- HackerRank Financials 2026, Revenue, P&L & Cash Flow (2026-05-29)
- HackerRank raises $60M funding to eliminate resumes from developer hiring (2022)
- HackerRank 2026 Company Profile
- HackerRank lays off 53 employees amid economic uncertainty (2023-08-27)
- 2025 Enterprise Showdown on Cost, AI Copilots, and Candidate Experience (2025-11-06)
- HackerRank's AI Day 2025: Product Launch Recap (2025-03-13)
- Generate Technical Assessment Interviews from Job Descriptions with AI (2025-11-06)