RipplingÃÂ is a privately owned international software company.ÃÂ Launched in 2017 inÃÂ San Francisco, California,ÃÂ it operates aÃÂ cloud-basedÃÂ software platform that allows businesses to manage their HR, finances, and IT matters.
Parker ConradÃÂ and Prasanna Sankar co-foundedÃÂ RipplingÃÂ in 2016 in San Francisco. The company creates software for companies to handleÃÂ HRÃÂ andÃÂ onboarding, as well as payroll and other management matters. It charges customers a monthly fee for access to its software platform.ÃÂ RipplingÃÂ released a function to help file forÃÂ Paycheck Protection ProgramÃÂ (PPP) loans in April 2020.
In 2023, asÃÂ RipplingÃÂ relied onÃÂ Silicon Valley BankÃÂ to process its customers' employee paychecks, it was impacted when the bank suddenly collapsed and withdrawals were frozen. With a funding round facilitated by Greenoaks Capital, RipplingÃÂ brought in almost $500 million to cover payments during that period. Afterwards,ÃÂ RipplingÃÂ moved its banking from SVB to JPMorgan.
In 2024,ÃÂ RipplingÃÂ was valued at $13.5 billion. While it remained unprofitable, it had $1 billion in cash on hand for expansion and development. RipplingÃÂ had 2,800 employees as of 2024,ÃÂ and offices in California, Ireland, the UK, India, and Australia. In March 2025, Rippling sued its competitor Deel in Ireland, alleging corporate espionage. Shortly afterwards, Deel counter-sued in Delaware with an anti-SLAPP motion. In April 2025, the alleged Deel spy admitted to espionage in what Fortune called "a major scandal rocking the HR world." In May 2025, Rippling raised $450ÃÂ million in a SeriesÃÂ G funding round, valuing the company at $16.8ÃÂ billion, up from $13.5ÃÂ billion the prior year. New investors included Sands Capital, GIC, Goldman Sachs Growth, and Baillie Gifford, bringing total funding raised to $1.85ÃÂ billion.