Rippling is a business software startup that provides an overall platform to help manage HR and IT operations. From onboarding new hires to managing hardware and software access, Rippling simplifies and automates numerous administrative tasks. By consolidating HR, IT, payroll, and employee management functions into a single, integrated platform, Rippling empowers businesses to streamline operations, improve compliance, and enhance employee experiences.
The company’s new round, which has not yet closed, would inject $200 million into Rippling with another $670 million worth of shares being sold by existing stockholders. This will be Rippling’s Series F and could raise its valuation to $13.4 billion, up from the $11.25 billion valuation the company reached when it last raised capital in a $500 million Series E a year ago.
Rippling, San Francisco, California, United States, was founded in 2016 by Parker Conrad. “This extraordinary financing would not have been possible but for the fact that Rippling’s business is strong and growing at triple-digit rates,” noted Rippling CEO Parker Conrad. “We have a base of investors who are staunch supporters of the company and always looking for opportunities to increase their ownership.”
