What was changed
Before the Series B, Karat’s founders observed that hiring technical talent was time‑consuming and inconsistent, especially for large enterprises needing to interview dozens or thousands of engineers each year. Companies relied on their own engineers to conduct first‑round interviews, draining valuable engineering resources.
The $28M Series B led by Tiger Global gave Karat the capital to double down on R&D, build a global network of remote interview engineers, and provide hiring insights to clients. After the funding, Karat reported that clients using its platform saw an average 60% reduction in interview time and a 20% increase in hiring goal attainment.
What it achieved
The $28M enabled Karat to boost R&D, onboard remote interview engineers, and increase clients’ hiring goal attainment by 20% while cutting interview time by 60%.
Why it worked
Enterprises needed a faster, more consistent way to assess technical talent without overburdening internal engineers.
Karat’s interview‑engineer model promised to save clients time and improve hiring outcomes.
External funding was required to scale the platform globally and invest in product development.
Tiger Global’s confidence signaled market belief in Karat’s ability to expand its impact.
What can be applied
Targeted funding can accelerate product scaling and global reach when solving enterprise‑level inefficiencies, especially when paired with clear metrics‑driven goals.
Aftermath
After the Series B, Karat expanded its R&D efforts, onboarded remote interview engineers in multiple regions, and continued to serve clients such as Mulesoft, Roblox, Intuit and Citrix. The platform’s reported metrics showed a 60% cut in interview time and a 20% boost in hiring goal attainment, validating the funding’s impact.
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The sources
- Karat Raises $28M Series B Led By Tiger Global news.crunchbase.com