Rippling

About

Rippling is a workforce management platform that unifies HR, IT, and finance operations around a single employee data system, enabling companies to manage payroll, benefits, devices, apps, and more from one place ¹. Founded in 2016 by Parker Conrad and Prasanna Sankar in San Francisco, the company went through Y Combinator’s Winter 2017 batch ². As of May 2025, Rippling is valued at $16.8 billion ³.

Funding History

What Investors Say

Mamoon Hamid, Kleiner Perkins (on leading the Series A): “We had a fundamental belief in Parker as a founder, operator, and visionary.” Hamid characterized the firm’s conviction as “extreme,” noting the $25 million check was Kleiner’s largest early-stage investment at the time ¹¹.

Ilya Fushman, Kleiner Perkins: “Rippling clearly has an unbounded total addressable market – it could be in almost every company.” ¹¹

Neil Mehta, Greenoaks (on the Series E during the SVB crisis): Mehta committed to a $500 million term sheet in 12 hours. Conrad recalled: “We went from a conversation with Neil Mehta at 9:30 a.m. to a signed term sheet 12 hours later.” ^{9 12}

What Founders Say

Parker Conrad, CEO (on Kleiner Perkins): “What came across to me about KP was this combination of having this great brand, but having a lot of the energy and the hunger of being a startup firm – nothing was taken for granted.” ¹¹

Parker Conrad, CEO (on the SVB crisis and Series E): “There wasn’t really time to panic; there was too much to do.” ¹²

Parker Conrad, CEO (on fundraising, Series B announcement): “Fundraising is a gratifying signal that we’re on the right path – but it’s a means to an end, not an end itself.” ⁶

Parker Conrad, CEO (on Rippling’s mission): “Employee data is a critical primitive for business software going forward.” ⁸

Sources