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Triplebyte co-founders Guillaume Luccisano, Ammon Bartram, and Harj Taggar. Photo: Triplebyte

Triplebyte, a three-year-old San Francisco startup developing software and tools to assess engineers’ skills and match them to available jobs, has raised a $10 million Series A round led by Initialized Capital.

Why it matters: “Every business is gonna need to be a software business,” Initialized Capital co-founder Alexis Ohanian tells Axios, adding that the need for engineers is only going to increase.

How it works: On one side, Triplebyte evaluates prospective candidates’ skills via online tests and technical interviews.

  • Then algorithms match their skills to the available jobs best suited to them. Candidates can pick from those and get in touch with the employers’ recruiters.
  • Currently, about 40% of candidates reside outside the Bay Area and wish to get a job in Silicon Valley. It also works with a small number of New York City employers, and plans to soon expand to Seattle.

Triplebyte says that its system for evaluating candidates is focused on their true technical skills, without common biases such as resumes with prestigious schools and employers.

  • It could help candidates from underrepresented groups have a fairer shot since it focuses on technical skills, according to co-founder and CEO Harj Taggar. Currently, Triplebyte’s pool of candidates is only slightly more diverse than the average company (about 30% are women or of an underrepresented ethnic minority), though Taggar expects its upcoming outreach and expansion efforts to improve this.
  • Eventually, Triplebyte can also be useful to companies outside of established tech hubs as they seek to hire more engineers, especially from local candidate pools.

Go deeper

Updated 4 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."

6 hours ago - Health

U.S. to restrict air travel from 8 countries over new COVID variant concerns

A COVID-19 vaccine is administered. Photo by Joe Raedle/Getty Images

The U.S. will impose new air travel restrictions in response to the Omicron variant, a new COVID strain first detected in South Africa, President Biden announced Friday.

The big picture: Air travel from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi will be restricted starting on Monday.