Rippling
Workforce platform combining payroll, HR, IT and spend management on one employee record, past $1bn in annualised revenue in 2026 and valued at $16.8bn, with more than 25,000 customers.
| Founded | 2016, San Francisco |
|---|---|
| Founders | Parker Conrad (CEO), Prasanna Sankar |
| Ownership | Private; about US$2.4bn raised; US$450m round in May 2025 at US$16.8bn; Conrad holds about 14% |
| Revenue | Passed US$1bn in annualised revenue in March 2026 |
| Customers | More than 25,000 businesses |
| What it does | US and global payroll, benefits, HRIS, device and app management, corporate cards and expenses, all driven from a single employee graph |
| Recent moves | Spend management and global payroll expansion; AI agents across HR and finance workflows; legal dispute with Deel over corporate espionage in 2025 |
| Pricing | Modular, from about US$8 per user per month for the core platform; payroll and other modules priced on top |
| Markets | Global payroll and employer of record, US PEO; contractor payments in more than 185 countries; offices in the US, UK, Ireland, India, Australia, Canada and Singapore |
| Peers | Deel, Gusto, Warp, ADP, Workday |
Funding
- Announced rounds
- US$1.79bn in six rounds
- Latest round
- Series G, US$450m, May 2025
- Valuation
- Valued at US$16.8bn in May 2025, at its Series G
What was Rippling's last announced valuation?+
Rippling was valued at US$16.8bn in May 2025, at its Series G, up from US$13.5bn at its Series F in April 2024.
Why it matters
Rippling crossed $1 billion in annualised revenue in 2026 by making payroll one module of a platform that also runs IT and spend, the model Warp and the new payroll companies are copying. Its rivalry with Deel is the defining fight in workforce software.
Part of Accountio’s accounting technology coverage.
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