Seattle-based interviewing startup Karat has acquired the skills-assessment product and team from Triplebyte, a hiring company headquartered in San Francisco.
A Karat spokesperson said three employees from Triplebyte are joining Karat. The companies aren't disclosing the financial terms of the deal, which was announced March 16.
“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,” Karat co-founder and CEO Mohit Bhende said in a news release.
The Karat spokesperson added that Triplebyte is closing. In the release, Karat said the closures affect Triplebyte's sourcing business and candidate talent network.
Karat, founded in 2014, provides technology and interviewers to help screen engineering talent, the goal being to free up clients' engineers to focus on technical work rather than interviewing candidates. The company's clients include Ford, Indeed and American Express.
In 2021, Karat raised a $110 Series C round and reached a value of $1.1 billion. Last year, the company partnered with tennis superstar Serena Williams to grow Karat's Brilliant Black Minds initiative, which provides free interview training and feedback to Black software engineers in the U.S.
Triplebyte, meanwhile, was founded in 2015, according to its LinkedIn page. The company aimed to improve the hiring process by focusing on technical skills rather than resume credentials. In addition to the assessment product that Karat is acquiring, Triplebyte offers a job-search tool, and automated sourcing and outreach, which Karat said will wind down on March 31.
“Our goal at Triplebyte was to make real-world engineering skills the most important requirement for getting a shot at a job in tech,” Ammon Bartram, Triplebyte's CEO, said in the release. “By combining our adaptive assessment technology with the interviewing cloud, Karat is creating a unique solution that eliminates pedigree bias.”
