🦄 Rippling raises $450 million at $16.8 billion valuation

Rippling has secured $450 million in Series G funding at a $16.8 billion valuation, with participation from new and existing investors including Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator. The company also plans to repurchase up to $200 million in equity from current and former employees.

The raise follows a $200 million Series F in 2024 and brings Rippling’s total funding to $2.4 billion across eight rounds.

Founded in 2016, Rippling offers over 24 products across HR, IT, and finance—from payroll and benefits to device management and corporate cards. The company positions itself as a unified platform that centralizes employee data, enabling businesses to automate workflows and enhance data integrity across systems.

Rippling has a team of 5,381 employees, reflecting 153% growth over the past two years.