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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]
Peter Thiel is betting big on a $2B AI cow collar startup powered by cowgorithms — and investors are fighting to get in
Yahoo Finance· 2026-03-22 22:20
An artificial intelligence startup that makes collars for cows is about to be worth more than $2 billion — and some of the biggest names in venture capital are fighting to get in. Halter, a New Zealand-based company that builds AI-powered smart collars for cattle, is in talks to raise a new funding round led by billionaire Peter Thiel's Founders Fund that would double its valuation to more than $2 billion, Bloomberg reported (1). The deal is reportedly oversubscribed, with so much investor interest that the ...
U.S. stock futures sink as Trump and Iran trade threats against civilian infrastructure
MarketWatch· 2026-03-22 22:15
U.S. stock-index futures fell on Sunday, as new threats of escalation from both President Donald Trump and Iran threatened to intensify the conflict roiling the Persian Gulf region. ...
Stock Futures Are Falling, Oil Rising as Iran Tensions Grow
Barrons· 2026-03-22 22:15
President Donald Trump threatened to bomb Iran's power plants if the Strait of Hormuz isn't cleared for shipping traffic. ...
NYSE: GDDY Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages GoDaddy Inc. (NYSE: GDDY) Investors to Contact the Firm
Prnewswire· 2026-03-22 22:13
Core Insights - GoDaddy Inc. reported disappointing financial results for Q4 2025, attributing the poor performance to a promotional pricing strategy for .com domains, which negatively impacted upfront bookings and near-term revenue [2] - Following the announcement of these results, GoDaddy's stock price dropped by $13.18 per share, representing a decline of over 14% [2] Company Overview - GoDaddy Inc. is currently under investigation by Kessler Topaz Meltzer & Check, LLP for potential violations of federal securities laws, specifically concerning financial losses experienced by investors who purchased GDDY securities [1][3] - The law firm Kessler Topaz Meltzer & Check, LLP specializes in securities-fraud class actions and has a strong track record, having recovered over $25 billion for clients [4]
Oil prices rise after US, Iran threaten to hit energy targets in the Middle East
Reuters· 2026-03-22 22:11
Group 1 - Oil prices increased due to threats from U.S. President Donald Trump and Iran to target energy facilities in the Middle East, escalating tensions in the region [1] - Brent crude futures rose by $1.01, or 0.90%, reaching $113.20 per barrel, marking the highest settlement since July 2022 [2] - U.S. West Texas Intermediate crude was priced at $98.85 per barrel, up 62 cents, or 0.63%, following a previous gain of 2.27% [2]
Elektros Inc. Marks Global World Water Day With Initiative To Deliver Clean Drinking Water To Sierra Leone Communities
Accessnewswire· 2026-03-22 22:10
Core Perspective - Elektros Inc. is launching a humanitarian initiative to improve access to clean drinking water in Sierra Leone, coinciding with Global World Water Day, emphasizing the importance of clean water as a fundamental human right [1][2]. Group 1: Initiative Overview - The company is exploring a humanitarian initiative aimed at enhancing access to clean drinking water in Sierra Leone, where it is involved in lithium-related activities [2]. - Access to clean and safe drinking water is a significant challenge in many regions of Sierra Leone, and the company believes supporting local communities is essential for responsible operations and long-term partnerships [3]. Group 2: Health and Community Impact - Waterborne illnesses and malaria-related health risks are serious concerns in affected regions, with contaminated water contributing to widespread illness and straining local healthcare systems [4]. - Improving access to clean drinking water is expected to help protect families from preventable health risks and reduce the burden on hospitals and clinics [4]. Group 3: Logistics and Implementation - Elektros management is in discussions to potentially ship one to three containers of premium bottled water to Sierra Leone, specifically for the communities where the company operates [5]. - The company is considering using glass-bottled water to maintain purity and quality during transport and distribution [5]. Group 4: Commitment to Community - The CEO of Elektros Inc. stated the importance of giving back to the communities they work with, emphasizing that clean water is a fundamental human right [6]. - The initiative aims to start with villages directly connected to the company and expand from there, with the goal of making a meaningful and lasting impact [7]. Group 5: Broader Commitment - This initiative is viewed as a first step in a broader commitment to community support and sustainable engagement, with the company evaluating logistics and distribution strategies for effective delivery [8]. - Elektros believes that innovation in energy and mobility should be matched by a commitment to humanitarian responsibility and global well-being [9].
Stock Market Crash: The Best Cryptocurrencies to Buy Right Now
Yahoo Finance· 2026-03-22 22:09
The stock market is having a down year so far, with the S&P 500 down 3% as of March 19. The crypto market is doing even worse. Bitcoin (CRYPTO: BTC) has lost 19% in 2026 alone, continuing a slump that started last October, and other major coins have declined even more. If there's a silver lining in that sea of red, it's that investing in cryptocurrency is much cheaper than it was a few months ago. With that in mind, let's look at the best cryptocurrencies if you want to buy the dip. Will AI create the world ...
3M Goes Big On Fire Safety With $1.95 Billion Deal
Yahoo Finance· 2026-03-22 22:02
On Thursday, 3M Company said it has entered into an agreement to acquire Madison Fire & Rescue in partnership with Bain Capital, forming a new joint venture focused on safety and fire-rescue solutions. 3M and Bain Capital will acquire Madison Fire & Rescue from Madison Industries for $1.95 billion. As part of the deal, 3M will contribute its Scott Safety business to the joint venture. It will also receive $700 million in cash and hold a 50.1% stake, while Bain Capital will own 49.9%. The transaction is expe ...