Rippling raises $250M in Series D funding
Rippling has raised $250M in a round co-led by Bedrock and Kleiner Perkins, with participation from existing investors Y Combinator, Sequoia Capital, and more. The round values the company at $11.25 billion.
I’m grateful for these investors’ conviction in Rippling, for the employees that have gotten us to this point, and for our clients, without whom none of this would be possible.
Rippling’s core thesis is that employee data is critical to a surprisingly large number of business systems, including the ones well outside of HR.
Maintaining the fidelity of the same employee data across all these disconnected systems—effectively, across multiple separate databases—is the reason it’s a lot of work for companies to have many different business systems in the first place.
Rippling solves this problem by giving companies and employees a single place to make changes, which then propagate everywhere automatically.
