Karat, a Seattle-based startup that helps companies conduct technical interviews, has laid off 47 employees, citing the need to increase its focus on the business as it continues to grow.
“We have a very intentional focus on growing our enterprise customer base, growing our footprint in India, scaling Brilliant Black Minds, and building new products,” said a Karat spokesperson. said in an email on Friday. “We are self-financing our investments in these areas.
Karat reached ‘unicorn’ status in October 2021, hiring nearly 200 people, the startup raised a $110 million Series C round, and a valuation of $1.1 billion.
A LinkedIn search on Friday listed 423 employees, but Karat declined to disclose how many employees remain with the company.
“These teammates have been integral to growing Karat into the successful company it is today, and we are extremely grateful to them,” the spokesperson added. “We are offering them a comprehensive exit package and will do everything we can to support their transition.”
Founded in 2014, Karat is led by Mo Bhende, former director of Xbox at Microsoft, and co-founder Jeff Spector, formerly chief staffer of the Melinda French Gates at the Bill & Melinda Gates Foundation. increase.
The startup uses a network of vetted interviewers who conduct interviews via video conferencing using question formats and scoring criteria based on research and analysis conducted by Karat. Companies receive feedback on top applicants based on Karat’s diligence and insight into the hiring process. The idea is to help companies screen more candidates and relieve their own employees of interview responsibilities.
The company’s software is used by technology companies such as Compass, Intuit, and Indeed, as well as technology companies that need to interview engineers, such as Ford, American Express, and Bank of America.
Karat’s Brilliant Black Minds uses Karat’s Interviewing Cloud to provide free interview practice, feedback, and coaching to help aspiring black software engineers prepare for a successful entry into the tech industry . Tennis star Serena Williams invested in the startup last April.