Why? My experience with them was pretty bad. I took their assessment for web development, I think I even did an assignment, and got put on a video call with someone from Triplebyte. He never cracked a smile. Suddenly I got asked a bunch of CS questions that really were not very relevant to web development, some of which were entirely inappropriate like sorting a binary search tree. I even told the guy that I thought I was getting those questions wrong and he just scowled and said "well you just don't know when you're going to use this stuff." "My point exactly," I thought.
Ultimately I got rejected.
The whole idea that you can boil down a candidate to some coding challenges and a video quiz is bad. I do like the idea of streamlining the hiring process for developers, but there's more to it than knowing a bunch of stuff, because that can be gamed. And quizzing me on irrelevant material was a bad move. A firm like Triplebyte won't be as good at interviewing a candidate as the employer itself, and may even keep perfectly qualified candidates out of view from all employers affiliated with them.
With the money they raised, after spending so much on marketing, I assume they downsized, lost some talent, and pivoted mostly to a sales-driven recruiting business for their top clients.
And even if they stayed to their original model it would have been too easy for niche competitors to erode their margins. Think Triplebyte for Android developers only times 20 different programming areas.