Rippling’s New Valuation

HR tech news
Read Time26 Second

Less than seven months after his HR startup reached a $6.5 billion valuation in October, the San Francisco-based firm upped that figure by more than 70% to $11.25 billion.

The new lofty valuation comes as the firm raised another $250 million—bringing its total investment to $700 million—led by Kleiner Perkins and Bedrock Capital. The funding comes as publicly traded tech stocks have tumbled and many late-stage venture-backed tech companies have struggled to raise new funds.

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