Rippling Rips Open $250 Million Round

<p class&equals;"undefined"><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Rippling has raised &dollar;250 million in a round co-led by Bedrock and Kleiner Perkins&comma; with participation from existing investors Y Combinator&comma; Sequoia Capital&comma; and more&period; The round values the company at &dollar;11&period;25 billion&period;<&sol;p>&NewLine;<p class&equals;"undefined">Rippling helps businesses manage all of their HR &amp&semi; IT — payroll&comma; benefits&comma; computers&comma; apps&comma; and more — in one unified workforce platform&period; By connecting every business system to one source of truth for employee data&comma; businesses can automate all of the manual work they normally need to do to make employee changes&period;<&sol;p>&NewLine;<p class&equals;"undefined">Maintaining the fidelity of the same employee data across all these disconnected systems—effectively&comma; across multiple separate databases—is the reason it’s a lot of work for companies to have many different business systems in the first place&period;<&sol;p>&NewLine;<p class&equals;"undefined">Rippling solves this problem by giving companies and employees a single place to make changes&comma; which then propagate everywhere automatically&period;<&sol;p>&NewLine;<p>With Rippling&comma; you can just click a button and set up a new employees&&num;8217&semi; payroll&comma; health insurance&comma; work computer&comma; and third-party apps — like Slack&comma; Zoom&comma; and Office 365 — all within 90 seconds&period;<&sol;p>&NewLine;