Rippling has successfully secured $450 million in a Series G funding round aimed at expanding its reach and enhancing its product offerings within the workforce management space. This investment will enable Rippling to roll out more diverse and improved services that streamline HR, IT, and spending processes for businesses.
Key Points
- Rippling raised $450 million in Series G funding, valuing the company at $16.8 billion.
- The funds will be used to expand into new markets and enhance product development.
- The company currently offers over two dozen products that streamline HR, IT, and financial management.
- Over the past year, Rippling has significantly increased its market value from $13.5 billion to $16.8 billion.
- The company aims to help businesses manage employee data efficiently through a centralised platform.
Why should I read this?
If you’re interested in how tech investments are shaping workforce management, this article is a must-read! Rippling’s hefty funding round not only highlights their growth ambitions but also signals where HR tech is headed. We’ve done the legwork by sifting through the details so you can keep your finger on the pulse of industry innovation without the hassle!