# Triplebyte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/triplebyte

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.triplebyte.com
- Total disclosed funding: $45M
- Latest round: Series B (Apr 11, 2019)
- Investors on record: 4

## About

Based in the US, Triplebyte is a hiring company that specializes in matching software engineers with technology firms through a unique assessment-driven approach, enhancing hiring efficiency and candidate quality.Triplebyte, founded in 2015, operates a platform designed to connect qualified software engineers with tech companies. The firm is based in San Francisco, US. The co-founders, Ammon Bartram, Guillaume Luccisano, and Harj Taggar, have aimed to improve the hiring process through innovative assessments. In March 2023, the company raised USD 35.00 mn in a Series B funding round led by Y Combinator, with other notable investors including Caffeinated Capital, Founders Fund, and Initialized Capital. This round brought their total amount raised to USD 35.00 mn.Triplebyte's core offerings revolve around a platform that streamlines the hiring process for software engineers. It employs a distinct assessment model to evaluate candidates based on their coding skills and technical abilities rather than traditional resumes. The service primarily targets technology companies across various sectors, including both startups and established firms, facilitating the efficient matching of qualified engineers with suitable job opportunities. The platform is actively utilized in North America and select European markets, catering to a wide array of clients from small startups to large tech corporations.Triplebyte generates revenue through a partnership model with tech companies seeking to hire software engineers. Clients can access the platform via a subscription-based service, which allows them to pay a fee for access to a pool of qualified candidates. The pricing structure typically includes different engagement tiers, enabling companies to select the services that align with their hiring needs. Their primary offering includes a comprehensive assessment service that evaluates candidates and provides detailed reports and match recommendations, fostering ongoing relationships with clients and ensuring continuous access to a diverse tech talent pipeline.In March 2023, Triplebyte was acquired by Karat Inc., aiming to enhance its technology, hire more staff, and improve product quality. Following this acquisition, Triplebyte plans to focus on expanding its service offerings and potentially entering new markets. The recent Series B funding will support the development of upcoming products designed to further streamline hiring processes and improve user experience. Specific geographic expansions are not yet disclosed but are anticipated to align with Karat's overall strategic growth initiatives.

## Funding rounds

- Series B, Apr 11, 2019, $35M — Founders Fund, Y Combinator, Initialized Capital, Caffeinated Capital
- Series A, Feb 28, 2018, $10M — Initialized Capital, Caffeinated Capital

## Investors

- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A, Series B
- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B