Software engineers鈥 talent is valuable, and the market knows it.
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Recent 小蓝视频色情网页版 News analysis found that software professionals at some of the most-funded 鈥渦nicorn鈥 startups can earn well into the six figures. It鈥檚 no wonder, then, why hiring and subsequently paying engineers is one of the largest costs incurred by scaling software businesses.
Since the dawn of the software industry, hiring remote has always been an option. The challenge, so often, is quality. We鈥檝e all heard horror stories of development projects gone wrong under the aegis of outsourced teams.
is a San Francisco-based startup trying to do something a little different. Part technical recruiter, part office-space manager, and part HR administrator, the company helps its clients spin up and run remote software engineering teams where high-quality talent can be obtained for less.
Here鈥檚 the basics of the model: Terminal builds remote software engineering teams for fast-growing technology companies. Terminal is the employer and facilitates payroll, perks, and benefits. Its clients, in turn, pay Terminal by the month for their teams. In the event that a client terminates its relationship with Terminal, they have the option to convert their Terminal-managed team to one they manage themselves. 鈥淚f the client chooses not to convert the engineer, Terminal works with the employee to place them in other opportunities within the Terminal family,鈥 the company said in response to 小蓝视频色情网页版 News鈥檚 questions
鈥淒evelopers and programmers love building their careers in an engineer-centric community working on world-changing products,鈥 said Terminal鈥檚 CEO, , in a statement. 鈥淲e鈥檙e offering them a vibrant community with all of the HR resources, benefits and perks that they can get if they worked in Silicon Valley鈥攚ithout having to leave their hometown. This funding means we can provide exciting growth opportunities to even more engineers around the world,鈥 he added.
Today, the company unveils $17 million in new funding led by .1 Participating investors include , , , , , , and others.
The startup was co-founded by venture investors. , co-founding general partner at the firm, alongside , the managing partner of Atomic, a 鈥渧enture fund that founds companies.鈥 Terminal hosts remote development teams for a couple Atomic portfolio companies: and (which is also in 8VC鈥檚 portfolio). Other companies which use Terminal鈥檚 services include , , and .
The deal brings Terminal鈥檚 total known funding . The company raised $10 million in in May 2018, and a $3 million seed round back in March 2017.
Terminal has a number of 鈥渃ampuses鈥 throughout North America. The company has locations in Canadian cities like Vancouver, Toronto, Montreal, and Kitchener-Waterloo. Additionally, it has a location in Guadalajara, Mexico. Engineers working out of Terminal鈥檚 various offices have the amenities one would typically expect of a tech company office: lots of coffee, weekly catered lunches, and a calendar of social and professional events.
The company says it intends to expand to 鈥渕ore than 10 cities globally鈥 over the next two years.
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