![]() Triplebyte - founded by Harj Taggar, Guillaume Luccisano and Ammon Bartram (who is the current CEO) - raised just under $50 million. (Any underlying data that gets used for analytics will get anonymized, Karat said.) The deal includes Triplebyte’s core assessment products and content library but its “Magnet” talent network will be wound down at the end of this month. Karat, a technical interview platform used in the recruiting process that was last valued (in 2021) at over $1 billion, is acquiring Triplebyte, a smaller, but well-connected, player in the same space that built and ran adaptable technical skills quizzes for engineers, and then helped get them on the radar for jobs that matched their skills.įinancial terms of the deal are not being disclosed, but from what we understand, Triplebyte appears to have gotten to the end of its funding runway, a story that is not uncommon in the current market. Now, one of the bigger players in the area of technical recruitment is making an acquisition in a consolidation play to better tackle the opportunity. The technology industry continues to rack up an ever-longer list of layoffs - which now stand at nearly 139,000 according to Layoffs.fyi - but taking the wider job market, the overall pace of recruiting engineers and other technical talent has not let up.
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