Karatrevenue, valuation & funding
Generative AI SoftwareToronto, Ontario, CanadaFounded 2014CEO Mohit Bhende
Karat is the world leader in technical interviewing and pioneer of the Interviewing Cloud.
Karat revenue
Karat's annual revenue was $73.6M in December 2024 (source not recorded), the most recent figure on record.
All 3 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Oct 2021 | $27.9M | – |
| Nov 2022 | $46.3M | – |
| Dec 2024 | $73.6M | – |
– source not recorded
Karat valuation
Karat is privately held, so there is no Karat stock to buy. Investors valued it at $1.1B in its October 2021 Series C.
Karat funding rounds & investors
Karat has raised $169.1M across five rounds since 2015. The latest was a $110M Series C in October 2021.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Oct 2021 | Series C | $110M | $1.1B |
| Oct 2020 | Venture | $17.5M | – |
| May 2019 | Series B | $28M | – |
| May 2017 | Series A | $11.3M | – |
| Nov 2015 | Seed | $2.3M | – |
| Total raised | $169.1M |
Karat competitors
Karat competes most directly with HackerRank, HireVue, CodeSignal, CoderPad and 2 others.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 HackerRank | $221M | $102.9M | 13 | 2K | 2009 |
 HireVue | $89M | $93M | 360 | 25K | 2004 |
| Karat | $73.6M | $169.1M | 372 | – | 2014 |
 CodeSignal | $53.8M | $87.5M | 116 | – | 2014 |
 CoderPad | $17.8M | – | 71 | – | – |
 Codility | $13.8M | $22.1M | 118 | 1.5K | 2009 |
 Woventeams | $8.4M | $3.1M | 43 | 15 | 2017 |
Karat CEO, founders & employees
Mohit Bhende founded Karat in 2014 and runs it as CEO. Karat has 372 employees (November 2025, LinkedIn).
- Mohit BhendeFounder & CEO
All 10 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Nov 2025 | 372 | |
| Dec 2024 | 359 | |
| Oct 2024 | 388 | |
| Nov 2023 | 388 | – |
| Jul 2023 | 388 | – |
| Nov 2022 | 386 | – |
| Apr 2022 | 386 | – |
| Nov 2021 | 285 | – |
| Oct 2021 | 285 | – |
| Nov 2020 | 244 | – |
Karat FAQ
What is Karat's revenue?
Karat's annual revenue was $73.6M in December 2024 (source not recorded). No later figure is on record.
What is Karat's valuation?
Investors valued Karat at $1.1B in its October 2021 Series C.
How much funding has Karat raised?
Karat has raised $169.1M across five funding rounds. The latest was a $110M Series C in October 2021.
Is Karat publicly traded?
No. Karat is a private company, so its shares aren't traded on a stock exchange.
How many employees does Karat have?
Karat has 372 employees as of November 2025, according to LinkedIn.
Who is the CEO of Karat?
Mohit Bhende is the CEO of Karat and founded the company in 2014.
Who founded Karat?
Mohit Bhende founded Karat in 2014.
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How this page is sourced
3 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 15, 2026Data disclaimerReport a correctionClaim this profileRun Karat? Join the podcast