Rippling

Hill Chart Shape

Overview

Rippling
Sectors
Talent Management, Financial, Payments
Headquarters
55 Second Street, San Francisco, California, USA
CEO
Parker Conrad
Rippling raised $200.0M in a Series F Valuation at a $44.0 price per share, amounting to a post-money valuation of $13.5B on April 19, 2024. PMI data indicates that Rippling's shares have been trading at an 22.2% premium to their Series F Valuation based on institutional secondary market activity.
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Series F Valuation
Latest funding round
$13.5B
XXXXX
2024-04-19
XX-XX-XXXX
AV Implied Valuation
$16.49B
2024-12-16
AV Implied Valuation
XXXXX
XX-XX-XXXX
Change since Last Round
+22.2%
2024-04-19 ➞ 2024-12-16
Change since Last Round
XXXXX
XX-XX-XXXX
Secondary Activity
Medium
XXXXX
Volume
$197.6M
XXX
(90 day period)
Bid
XXX
Ask
XXX
Bid
$155.6M
Ask
$42.0M

“To eliminate the administrative work of running a company, freeing smart people to work on hard problems by automating and streamlining business operations.”

Founded in 2016 by Parker Conrad and Prasanna Sankar, Rippling is a workforce management platform headquartered in San Francisco, California. The company offers a comprehensive solution that unifies HR, IT, and finance processes, allowing businesses to manage payroll, benefits, and employee data efficiently. Rippling's platform integrates with over 500 apps, providing a seamless experience for managing all aspects of employee operations.

Business Model

Rippling operates on a modular SaaS model, charging a core platform fee along with additional fees per user based on the number of services utilized. This flexible pricing structure allows businesses to customize their use of Rippling's platform according to their specific needs, covering HR, IT, and finance functions. The company focuses on providing a unified platform that reduces operational complexity and enhances data integrity across business systems.

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Targeted Impact

Rippling aims to revolutionize business operations by providing a unified platform that simplifies and automates HR, IT, and finance processes.

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Who Will Benefit?

Businesses of all sizes looking to streamline and automate their administrative operations will benefit from Rippling's comprehensive platform.

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What Comes Next?

Rippling plans to continue expanding its product offerings and integrations to further enhance its platform and support a growing customer base.

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Rippling Growth Timeline

Rippling and Competition

Rippling competes with established HR and IT management platforms such as Workday, ADP, Gusto, and Zenefits. Its focus on a unified platform that integrates multiple business functions sets it apart from competitors.

Key Partners

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