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]
Alkane Executes $110 Million Revolving Credit Facility
Globenewswire· 2026-03-29 22:16
PERTH, Australia, March 29, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) ('Alkane') is pleased to announce that it has executed an A$110 million Revolving Credit Facility ("RCF") and A$40 million Contingent Instrument Facility ("CIF"). Following the early repayment of the $45 million project finance facility in August 2025, and to provide additional flexibility, liquidity, and broaden banking relationships, Alkane executed an A$110 million RCF and A$40 million CIF und ...
Anthropic's Claude Draws in Record Number of Consumers
PYMNTS.com· 2026-03-29 22:10
Anthropic’s artificial intelligence tool is reportedly enjoying record levels of popularity among consumers.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.That’s according to a report Saturday (March 28) from Tech ...
I’m a Financial Planner: 5 Ways High-Net-Worth Households Manage Money Differently Than the Middle Class
Yahoo Finance· 2026-03-29 22:01
For You: 6 Signs You're Actually Upper-Middle Class (Even If You Don't Feel Rich) Proactive Thinking: Tax Planning as an Ongoing Strategy Another defining difference is how high-net-worth households think about taxes. Instead of seeing taxes as an annual obligation, they view them as a year-round planning variable that can be influenced through thoughtful decisions. A proactive mindset drives ongoing collaboration with advisors to time income, harvest gains or losses, structure charitable giving and use tax ...
Apple Centering AI Plans on App Store and Hardware
PYMNTS.com· 2026-03-29 21:37
Apple is reportedly focused on hardware and services as its rivals pull ahead in artificial intelligence.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.That’s according to Bloomberg News’ Mark Gurman, who made his ...
How to get a business loan
Yahoo Finance· 2026-03-29 21:36
If you can’t afford the monthly payments, you may need to consider waiting or requesting a lower loan amount.Repayment schedule. As a part of your repayment terms, your lender will also determine your required repayment schedule. Most business loans use monthly or weekly payments. Daily or weekly payments can eat into your cash flow and make it harder to afford the loan.Loan repayment terms. Depending on the type of business loan, terms can range from three months to 25 years. The term of your loan impacts ...
PDS Biotechnology FY 2025 Earnings Preview (NASDAQ:PDSB)
Seeking Alpha· 2026-03-29 21:35
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INmune Bio FY 2025 Earnings Preview (NASDAQ:INMB)
Seeking Alpha· 2026-03-29 21:35
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Wall Street Expected Micron to Stumble. Here's Why the Bears Could Be Dead Wrong.
The Motley Fool· 2026-03-29 21:30
Micron Technology (MU +0.59%) obliterated analysts' expectations with its fiscal second-quarter 2026 earnings report (for the three months ended Feb. 26, 2026) on March 18, putting to rest any fears that the memory specialist has run out of room for growth.Wall Street had set high revenue and earnings targets for Micron, above its guidance of $8.42 per share in earnings on $18.70 billion in revenue. However, the strong memory demand and pricing environment helped Micron triple its revenue year over year to ...
PLUG Deadline: PLUG Investors with Losses in Excess of $100K Have Opportunity to Lead Plug Power Inc. Securities Fraud Lawsuit
Prnewswire· 2026-03-29 21:26
<!doctype html> <!-- For structured data --> <!-- For language declaration --> PLUG Deadline: PLUG Investors with Losses in Excess of $100K Have Opportunity to Lead Plug Power Inc. Securities Fraud Lawsuit <!-- Additional Authorable Meta tags --> Accessibility StatementSkip NavigationNEW YORK, March 29, 2026 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Plug Power Inc. (NASDAQ: PLUG) between January 17, 2025 and November 13, 2025, inclusive (the " ...