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§ Private Profile · 222 Broadway Fl 19, New York City, New York, 10038, United States
Software platform for companies to host virtual and in-person hackathons and software competitions, engaging developers.
Devpost is a New York City-based technology company that operates a centralized platform for hosting virtual and in-person hackathons and software development competitions. The platform enables software engineers to discover coding challenges, build technical projects, and showcase their professional portfolios while allowing corporate organizations to actively engage with specialized developer communities. Operating with an estimated workforce of 51 to 114 employees, the enterprise has generated approximately $6.8 million in annual revenue and secured $4.96 million in total venture funding to support its growing network of 40,000 registered users. Major corporate customers utilizing the software to host developer events and source technical talent include recognizable technology firms such as Microsoft, IBM, Uber, Twitter, and Samsung. Originally launched under the name ChallengePost before rebranding to reflect its specific focus, the organization was officially founded in 2009 by entrepreneur Brandon Kessler.
Devpost has raised $4.0M across 1 funding round.
Devpost has raised $4.0M in total across 1 funding round.
Devpost is a New York-based technology platform that enables organizations to host virtual and in-person hackathons and software competitions, connecting companies with developers for innovation, talent scouting, and product feedback.[1][2][5] It serves tech giants like Google, Amazon, Microsoft, and IBM, as well as Web3 firms such as Solana and Polkadot, powering the majority of global hackathons while helping developers find jobs and organizations drive business outcomes like product adoption and employee engagement.[2][5] With $4.96M raised and annual revenue around $6.8M, Devpost focuses on simplifying hackathon management, elevating participant experiences, and fostering developer communities.[1][3]
The platform solves key challenges in developer engagement by providing end-to-end tools for planning, submissions, judging, and marketing, including "Devpost for Teams" for internal AI experimentation and team building.[3][5] It targets corporations, non-profits, governments, and universities, emphasizing rapid innovation amid rising demand for online hackathons post-COVID.[2][5]
Founded in 2009 by Brandon Kessler as ChallengePost Inc. in New York, Devpost initially allowed anyone to post software competitions, gaining early traction with high-profile clients like the U.S. federal government, NYC Big Apps, and Michelle Obama's Apps for Healthy Kids challenge.[2] In 2011, it secured $4.6M in Series A funding from investors including Opus Capital's Bob Borchers and Qualcomm's Irwin Jacobs, supporting its growth.[2]
The company rebranded to Devpost in 2015, narrowing focus to hackathons for software engineers and job matching, aligning with its mission "to help developers find fulfilling work."[2] A post-2019 surge in online hackathons during the COVID-19 pandemic accelerated its dominance, evolving from broad challenges to a specialized platform for tech innovation and talent acquisition.[2]
Devpost rides the hackathon trend as a core driver of tech innovation, talent discovery, and rapid prototyping, especially in AI, Web3, and remote collaboration post-COVID.[2][3][5] Its timing aligns with surging developer demand—fueled by remote work, AI experimentation, and corporate innovation needs—positioning it as the go-to platform amid market forces like talent shortages and faster product iteration.[1][2][5]
By hosting events for industry leaders and governments, Devpost influences the ecosystem by democratizing access to skilled developers, fostering open innovation, and bridging companies with a 4M+ global community, much like HackerEarth but with deeper enterprise integration.[2][5][6]
Devpost is poised to expand its leadership in AI-driven hackathons and internal innovation tools, capitalizing on enterprise AI adoption and hybrid work trends to grow beyond its current $6.8M revenue base.[3][5] As developer tools evolve with AI coding assistants and Web3, expect deeper integrations for job matching and ROI analytics, potentially attracting acquisition interest given its alive status and network effects.[1][2]
Its influence will likely amplify in a talent-scarce landscape, evolving from competition host to full-spectrum developer inspiration platform—tying back to its core strength in connecting organizations with the builders powering tech's next wave.[6]
Devpost has raised $4.0M in total across 1 funding round.
Devpost's investors include Bob Borchers, Acton Capital Partners, Betaworks Ventures, CSC Venture Capital, GPO Fund, Greylock, Idealab, Index Ventures, iNovia Capital, Lightspeed Venture Partners, Union Square Ventures, VitalStage Ventures.
Devpost has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Series A in July 2009.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2009 | $4M Series A | BOB Borchers | Acton Capital Partners, Betaworks Ventures, CSC Venture Capital, GPO Fund, Greylock, Idealab, Index Ventures, Inovia Capital, Lightspeed Venture Partners, Union Square Ventures, VitalStage Ventures, Western Technology Investment, YES VC, Zinc, Esther Dyson, Joshua Schachter, Marc Benioff, Robin Klein, Roger Ehrenberg, Stewart Butterfield, Irwin Jacobs, Jason Calacanis, Betaworks, Richmond Park Partners | Announced |