Sequoia leads $250M round for employee management startup Rippling
Summary
Rippling today announced that it has raised $250 million in funding at a $6.5 billion valuation to continue scaling up its employee management platform, which enables companies to streamline a variety of tasks ranging from worker training to device cybersecurity. An organization might rely on one tool to manage employee benefits, a second to regulate staffers’ access to business applications and a third to secure their work computers. Rippling enables IT teams to ensure that operating system updates and cybersecurity patches are downloaded onto work devices, which helps reduce the risk of a software vulnerability leading to a breach. The startup enables IT teams to encrypt work devices’ hard drives and, if needed, remotely delete the business data they contain. “Over time, we see a world where Rippling becomes the one-stop shop for both SMBs and larger organizations to manage their employees, applications and devices all in one place,” Sequoia Capital Partner Mike Vernal wrote in a blog post today.
Classifications
AskAI Classifications
LabelsLinked Companies
