Seattle/ Retail & Industry
Published on May 21, 2019
Seattle companies are pulling in venture capital

Photo: Karat/Facebook

Seattle-based human resources company Karat has secured $28 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on May 15 and led by Tiger Global Management.

According to its Crunchbase profile, "Karat has established the category of Interview Engineering. The company conducts technical interviews on behalf of organizations hiring software engineers. Karat does this through a community of Interview Engineers who are equipped with Karat's interviewing infrastructure, battle-tested questions and data-informed best practices."

The five-year-old company has raised two previous funding rounds, including an $11 million Series A round in 2017.

The round brings total funding raised by Seattle companies in education over the past month to $73 million. The local education industry has produced 13 funding rounds over the past year, capturing a total of $116 million in venture funding.

In other local funding news, developer tools company Algorithmia announced a $25 million Series B funding round on May 14, led by Norwest Venture Partners.

According to Crunchbase, "Algorithmia gives developers the ability to turn algorithms into scalable web services with a single click. Application developers can then integrate the algorithm into their own applications with under 10 lines of code. Algorithmia hosts the web services, makes them discoverable and enables algorithm developers to get paid for usage."

Founded in 2014, the company has raised two previous rounds, including a $10 million Series A round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.