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Rippling Stock (RIPP)

Rippling aims to be a one-stop shop for modern employee management. Their platform streamlines payroll, benefits, devices, and app access – all in one place. This helps businesses to automate HR tasks, onboard employees faster, and ensure secure device management throughout the employment lifecycle.

Rippling is an HR management company that offers a workforce management platform, streamlining HR and IT operations across organizations.

About Rippling Stock

Founded

2016

Headquarters

San Francisco, CA, US

Total Funding

956M

Industries

Financial Services, Professional Services, Administrative Services

Rippling is an employee management platform with a mission to help businesses manage and automate every system that employees run on—from payroll to devices and apps. Rippling also offers a device management platform that enables Rippling’s customers to retrieve, wipe clean and store employee computers when staffers part ways with a company.

Rippling was founded in 2016 and is headquartered in San Francisco, California. Notable investors include Bedrock Capital, Kleiner Perkins, and Founders Fund. 

Investors in Rippling

Discover investors in Rippling stock and explore their portfolio companies

Rippling Management

Leadership team at Rippling

Chief Executive Officer

Parker Conrad

Chief Financial Officer

Adam Swiecicki

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Rippling Key Facts

  • Rippling has achieved significant financial and valuation growth. The company's annual recurring revenue doubled to more than $350 million by the end of 2023 compared with a year earlier and expects to further grow by more than 66% by the end of 2024 to as much as $580 million. In April 2024, the company raised $200 million in new financing and signed agreements with investors to repurchase up to $590 million of equity from current employees, former employees, and early investors, valuing the company at $13.5 billion. Rippling's strong valuation and financial growth has led to its popularity and strong interest from private investors which could enable future growth.
  • Rippling has invested heavily in its product suite to power future growth and diversify its revenue streams. About 70% of the company's revenue came from its top 5 products five years ago, and as of 2024, only about one-third of sales comes from these products. Over the past three years, Rippling has introduced new software to help companies pay their bills, track employee recruiting and handle employee expenses. Rippling has also said that the new capital the company raised in 2024 will help fund R&D efforts for a new, fourth cloud that will accompany its payroll, IT and security and spend management suites. Rippling CEO, Parker Conrad, hopes that its investment in its products, will help Rippling build the best business software available in the market.
  • Rippling has achieved industry recognition in CNBC's 2023 Disrupter 50 list which recognizes private companies that are growing and innovating while inspiring change in their larger, incumbent competitors. Additionally, Rippling has secured an Electronic Money Institution (EMI) License from the Central Bank of Ireland and will be the first HCM platform and payroll provider to receive an EMI license. Rippling's industry recognition and its license certification underscore it's continued global growth and innovative impact within the HR technology sector.
  • Rippling's strategy of building multiple products has led to significant cash burn. The company was expected to burn about $150 million in cash in 2024. This could lead to operational challenges for the company and profitability concerns which could inhibit long-term growth.
  • The HR technology space is highly competitive with numerous players offering similar products. Relevant competitors include HR vendors like Gusto, Deel, Justworks, and companies offering adjacent tools like Ramp and Brex. In March 2025 Darwinbox, the HR upstart from India, raised $140 million to take on Deel and Rippling as the company seeks to expand internationally. Rippling must continually innovate to maintain its market position.
  • Rippling has faced scrutiny for facilitating payments to contractors in Russia amidst ongoing sanctions. If Rippling continues to face scrutiny from their banking partners it could have a negative impact on the company's long-term growth.

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