Rippling

Enterprise Software

Founded: 2016

Last Round Valuation: $11.25B

Rippling specializes in delivering IT and HR solutions that empower businesses to efficiently onboard new employees and streamline critical processes such as payroll management, health insurance enrollment, work computer configuration, and integration with popular third-party applications like Gmail, Microsoft Office, and Slack. Through the consolidation of employee data into a unified, authoritative source, Rippling enables companies to automate the typically laborious tasks involved in making employee updates. Founded in 2012 and headquartered in San Francisco, CA, Rippling has emerged as a leading provider of these innovative solutions, offering companies a comprehensive platform to simplify and accelerate their employee onboarding and HR workflows.

Rippling Overview:

Rippling is a comprehensive provider of IT and HR solutions that revolutionizes the employee onboarding and HR management processes for businesses. Founded in 2012 and based in San Francisco, CA, Rippling offers a platform that enables companies to quickly and efficiently onboard new employees while automating various administrative tasks.

One of Rippling's core strengths is its ability to streamline the onboarding process for new hires. Through their platform, companies can seamlessly set up new employees by managing their payroll, health insurance enrollment, work computer provisioning, and integration with popular third-party applications like Gmail, Microsoft Office, and Slack. This integrated approach ensures a smooth and efficient onboarding experience, saving time and reducing manual effort for HR teams.

Rippling's platform also serves as a centralized source of truth for employee data. By connecting all workforce systems to a single unified database, businesses can eliminate data silos and discrepancies, ensuring accurate and up-to-date information across the organization. This consolidated data not only simplifies employee updates but also enables companies to automate various manual tasks associated with employee changes, such as updating personal information, role changes, and access permissions.

With Rippling, companies can automate critical HR processes, eliminating the need for repetitive manual work. This includes automating payroll calculations, tax filings, and benefits administration, freeing up HR teams to focus on more strategic initiatives. Additionally, Rippling's platform provides self-service capabilities, allowing employees to manage their own profiles, access information, and make necessary updates, further reducing the administrative burden on HR departments.

Rippling's solution is designed to be user-friendly, with an intuitive interface that simplifies navigation and usage. The platform offers a range of features and tools tailored to meet the specific needs of HR and IT teams, providing a seamless experience for both administrators and employees.

As a testament to its success, Rippling has gained significant recognition and attracted a diverse range of clients across industries. Its innovative approach to IT and HR solutions has helped businesses of all sizes streamline their onboarding processes, enhance HR efficiency, and improve employee experiences.

In summary, Rippling offers a comprehensive platform that combines IT and HR solutions to automate employee onboarding, streamline administrative tasks, and provide a centralized source of employee data. With its focus on simplifying processes, reducing manual work, and enhancing efficiency, Rippling empowers companies to optimize their HR operations and deliver a seamless experience for employees throughout their employment journey.

Founders:

  • Parker Conrad

  • Prasanna Sankar

Top Investors:

  • Bedrock Capital

  • Kleiner Perkins

  • Y Combinator

  • Sequoia Capital

  • Greenoaks Capital

  • Initialized Capital

  • Threshold Ventures

  • Coatue Management

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
May 2022 Series D $250MM $740.46MM $42.12 $11.25B Bedrock Capital, Kleiner Perkins, Y Combinator
Oct 2021 Series C $278.99MM $490.46MM $25.50 $6.52B Sequoia Capital, Greenoaks Capital, Kleiner Perkins
Aug 2020 Series B-1 $50K $61.23MM $1.34 $1.4B Greenoaks Capital, Coatue Management, Bedrock Capital
Aug 2020 Series B-2 $45.23MM $106.42MM $4.74 $1.4B Greenoaks Capital, Coatue Management, Bedrock Capital
Aug 2020 Series B $105MM $166.18MM $5.93 $1.4B Greenoaks Capital, Coatue Management, Bedrock Capital
Apr 2019 Series A $45MM $61.18MM $1.47 $318.83MM Kleiner Perkins, Initialized Capital, Threshold Ventures
Mar 2017 Series A-1 $550K $550K $0.08 $181.4MM Undisclosed Investors
Mar 2017 Series A-2 $100K $100K $0.09 $181.4MM Undisclosed Investors
Mar 2017 Series A-3 $7.48MM $7.48MM $0.23 $181.4MM Undisclosed Investors
Mar 2017 Series A-4 $8.05MM $8.05MM $1.17 $181.4MM Undisclosed Investors

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