Status
Available
Last Round Valuation
$50 Billion
Share Price
$50.00
Already have an account? Sign In
Rippling helps businesses manage and automate all their employee systems, in one place. The company offers a unified system to onboard employees in 90 seconds and manage payroll, benefits, devices, and over 500 apps. By connecting every business system to one source of truth for employee data, businesses can automate all the manual work they normally need to do to make employee changes. Take onboarding, for example. With Rippling, you can just click a button and set up a new employees' payroll, health insurance, work computer, and third-party apps — like Slack, Zoom, and Office 365 — all within 90 seconds. Rippling’s mission is to eliminate the administrative drudgery of running a business by creating a single system of record for employee information that all business software and services plug into.
Fragmentation of employee information is the unacknowledged root cause of almost all the administrative work of running a company.
The right solution is to create a single system for employee data that sits, like a layer, underneath all business software and services, and which pipes employee data, configuration instructions, and access rules into all these systems. Most platforms focus on a narrow use case across one specific department's business systems, but Rippling automates onboarding, offboarding, and employee management across every system that needs it.
Rippling is the first platform that allows companies to effortlessly manage all their people operations in one place—from onboarding to offboarding and everything in between.
In Rippling, you click a button to hire (or promote or terminate) and you're done: Rippling generates agreements and paperwork for electronic signing, collects the employee’s personal info, ships them a pre-configured computer with security set up on day 1, sets up their accounts in all business systems (Gsuite, Slack, Box, Salesforce, GitHub, AWS, etc.), sets them up in payroll and benefits, and the list goes on.
Rippling has the most robust platform for integrations/features and works with larger enterprise customers that generate more revenue while also beginning to service smaller businesses.
Rippling’s Unified Workforce Management Platform features workflow automation, workforce analytics, policy management, and access management products across its HR Cloud, IT Cloud, and Finance Cloud. These products make up Rippling Unity and use employee data to connect and bind together all the different point SaaS systems in use at a company.
Rippling’s workflow “no code” Automator can automate nearly any manual HR, IT or Finance process across multiple systems at once, allowing company execs — whether they work in HR or sales or the engineering department — to create custom triggers that set off actions automatically in Rippling and in third-party apps connected to Rippling.
Rippling’s workforce analytics lets companies create any report—from a PTO to SOC report—using any employee data in the company. This analytics suite was built from the ground up to support analysis of very large data sets.
Rippling’s flexible policy engine lets companies apply any policy to any system, from one place.
Rippling’s permission and approval management system lets companies control exactly what apps and data their team can manage.
Unity invites users to do as much as they like in terms of customization through a scripting language that Rippling has launched called RQL that can be used to create “formula fields” inside of its analytics suite. It plainly borrows core concepts and syntax from Excel but has also incorporated capabilities from SQL such as “select” statements, as well as some elements from Python.
Rippling is making it dead simple to add employees to the right spending policies in a company’s corporate card or spend management system, and to the right part-time-off system.
Rippling’s “compound” model of growing numerous business lines simultaneously has allowed it to sell a bundled system of its offerings to customers on a mostly per-seat basis, meaning more diversified revenue.
nRippling is projected to grow its annual recurring revenue by over 66% to as much as $580 million by the end of the year, according to people close to the company, as reported by The Information. Currently, the figure stands at over $450 million. nFive years ago, around 70% of the company's revenue came from its top five products; today, those products account for only about one-third of sales.
Customers
Nulla malesuada justo velit, eget
Donec rhoncus sapien sit amet mauris consectetur convallis. Croin mollis eros vel orci.
Key Investors
Pellentesque tempus, ipsum id suscipit tristique, Aenean lacinia quis tortor sed, ornare Integer vel.
Size of Market
Mauris velit nisl, ultrices ut est quis, dapibus euismod tellus. Ut finibus ultricies sollicitudin. Vivamus a aliquet magna. Fusce lacinia urna in laoreet facilisis. Aliquam dignissim efficitur sapien eu convallis.
Market Position
Nam volutpat purus vel lacus pellentesque porttitor sed in orci. Vivamus porttitor sit amet tellus non sollicitudin. Suspendisse sit amet turpis nisi. In sem velit, interdum at augue id, eleifend tristique nunc, Maecenas scelerisque.
Industry
Mauris velit nisl
Primary Vertical
Employees
500
Mosaic Score
840
Money
760
Momentum
850
Management
760
Market
960
What is a Mosaic Score?
| Name | Work History | Title | Status |
|---|---|---|---|
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
Last Round
Sept. 2019, Series B1
Valuation Post-Money
$400.2M
Amount Raised
$2.5M
Total Funds Raised
$75.2M
Implied Valuation
$84M
| Date | Round | Amount | Valuation | Investors |
|---|---|---|---|---|
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| Company | Valued | Revenue |
|---|---|---|
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
