HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
Nasus Pharma Announces Positive Top Line Data from Phase 2 Clinical Study of NS002: Achieves Significantly Superior and Faster Epinephrine Delivery Compared to EpiPen® with Accelerated Speed to Therapeutic Threshold
Globenewswire· 2026-03-16 11:30
NS002 demonstrated significantly faster time to the critical 100 pg/mL epinephrine threshold compared to EpiPen®, with a median T100 of 1.69 minutes versus 3.42 minutes (p=0.033). At 5 minutes, 88.4% of subjects receiving NS002 reached the threshold compared to 64.6% with EpiPen® NS002 continued to demonstrate a favorable safety profile with no serious adverse events reported and comparable pharmacodynamic response to EpiPen® across all participants Pivotal study initiation planned for fourth quarter of 202 ...
Historic Government Data Reveals Significant Scandium and Rare Earth Element Potential in the Chibougamau Area
Thenewswire· 2026-03-16 11:30
Toronto, Ontario – TheNewswire - March 16, 2026 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to report that a review of historic government geochemical data from the Chibougamau Area has identified multiple anomalous concentrations of scandium (Sc) and rare earth elements (REE) from rock samples collected during a 1986 government survey. A total of 22 claims for a total of 1,232 Hectares has been acquired through map staking. The area of t ...
NeuroThera Labs- Clearmind Medicine Collaboration Leads to Patent Application for Depression Therapy
Thenewswire· 2026-03-16 11:30
Vancouver, British Columbia – TheNewswire - March 16, 2026 – NeuroThera Labs Inc. (TSXV: NTLX) (the "Company" or "NeuroThera"), a clinical-stage biotech company and a majority-owned subsidiary of SciSparc Ltd. (Nasdaq: SPRC), today announces that pursuant to its ongoing collaboration with Clearmind Medicine Inc. (“Clearmind”), a patent application has been filed by Clearmind with the Intellectual Property Department in Hong Kong, China, for a innovative combination therapy designed to treat major depressi ...
CHARBONE Confirms the Delivery of New UHP Hydrogen Orders in New York State, One of the Main American Technology Hubs
Thenewswire· 2026-03-16 11:25
Brossard, Quebec, March 16, 2026 – TheNewswire - CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, confirms today that new orders for UHP hydrogen from an existing customer located in New York State have been fully delivered, further strengthening the Company's commercial presence in one of the leading technology and industrial hubs in the U ...
Alibaba CEO takes helm of new AI-focused business group
Reuters· 2026-03-16 11:24
Alibaba CEO takes helm of new AI-focused business group | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv CEO of Alibaba Group Eddie Wu delivers a speech at the opening ceremony of World Internet Conference Wuzhen Summit, in Wuzhen town of Tongxiang city, Zhejiang province, China November 7, 2025.... Purchase Licensing Rights, opens new tabRead more SHANGHAI, March 16 (Reuters) - Alibaba Group (9988.HK), opens new tabChief Executive ...
Gold market analysis for March 16 - key intra-day price entry levels for active traders
KITCO· 2026-03-16 11:24
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another. Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a ...
Marshalls H2 Earnings Call Highlights
Yahoo Finance· 2026-03-16 11:23
Roofing Products: Revenue increased 4%, driven by Viridian Solar, where revenue rose “about a third” as builders selected its products to meet energy-efficiency regulations. Growth moderated in the second half due to tougher comparatives, but management highlighted sequential growth with higher second-half revenue than first-half. Marley Roofing revenue declined due to market conditions and increased competitive intensity as new market capacity reduced concrete tile sales. Segment operating profit rose 2% t ...
Apollo Global: AUM Surge, SaaSpocalypse Fears, And The Manufactured Private Credit Crisis
Seeking Alpha· 2026-03-16 11:21
Apollo Global Management ( APO ) has seen its multiple to fee-related earnings ("FRE") get crushed as market fears over a private credit blow-up dominate the news cycle. However, this crisis has come without the corresponding rise in non-performing loans ("NPLs") thatThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet hig ...
Should Vanguard Mega Cap Index Fund ETF Shares (MGC) Be on Your Investing Radar?
ZACKS· 2026-03-16 11:21
The Vanguard Mega Cap Index Fund ETF Shares (MGC) was launched on December 17, 2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.The fund is sponsored by Vanguard. It has amassed assets over $9.11 billion, making it one of the largest ETFs attempting to match the Large Cap Blend segment of the US equity market.Why Large Cap BlendLarge cap companies usually have a market capitalization above $10 billion. Considered a ...