Rippling has raised $250M led by Sequoia Capital Global Equities and Global Growth, with participation from earlier backers Greenoaks, Kleiner Perkins, Founders Fund, Initialized, YC and Threshold Ventures. This round of financing values the company at $6.5 Billion.
CEO Parker Conrad said: ““Our view is that Rippling is not just going to double in the future, but maybe grow by some much, much larger multiple over time.”
Using disparate applications comes with certain challenges that can negatively impact productivity. Rippling, officially People Center Inc., is working to address those challenges. Rippling’s approach is to consolidate datasets in a single system of record so that they may be shared across multiple applications. The startup’s system of record powers more than 20 software-as-a-service applications that help human resource and information technology teams manage their day-to-day work.
Announcement: Rippling Raises $250M for Employee Onboarding