Rippling has raised $250 million in a Series D round co-led by Bedrock and Kleiner Perkins, with participation from existing investors Y Combinator, Sequoia Capital, and more. The round values the company at $11.25 billion. Rippling unifies the payroll so that one can manage all of their workforce systems, data, and reporting in one place.
The company was last valued at around $6.5 billion after its $250 million Series C in October. The Series D brings Rippling’s total funding to about $700 million and significantly increases its valuation.