Rippling, a San Francisco, CA-based platform to manage their HR & IT, raised $145m in Series B funding.
The round was led by Founders Fund with participation from Greenoaks Capital, Coatue Management, and Bedrock Capital, as well as existing investors including Kleiner Perkins, Initialized Capital, and Y Combinator.
In conjunction with the funding, Founders Fund partner Napoleon Ta will join Rippling’s board of directors.
Co founded by CEO Parker Conrad and CTO Prasanna Sankar, Rippling provides businesses with a platform to manage their HR & IT — from payroll and benefits, to employee devices and apps — all in a single system. It enables every company to onboard a new employee quickly and set up their payroll, health insurance, work computer, and third-party apps like Gmail, Microsoft Office, and Slack. The platform unifies every employee system, and automates the administrative work behind each. The company also has an office in Bengaluru.