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]
Braze Inc. (NASDAQ: BRZE) Earnings Preview: What to Expect
Financial Modeling Prep· 2026-03-23 22:00
Braze Inc. (NASDAQ: BRZE) is a company that specializes in customer engagement technology, helping businesses connect with their customers through personalized messaging across various platforms. As a player in the tech industry, Braze competes with other customer engagement platforms, striving to offer innovative solutions to enhance user experience and drive business growth.On March 24, 2026, Braze is set to release its quarterly earnings, with Wall Street analysts estimating an earnings per share (EPS) o ...
Upwind Leverages Nvidia AI Technology to Enhance Cloud Security
Financial Modeling Prep· 2026-03-23 22:00
Upwind, based in San Francisco, is a prominent player in cloud security, founded by Amiram Shachar and the team behind Spot.io. The company has raised $430 million since 2022, backed by investors like Bessemer, Salesforce Ventures, and Greylock. Upwind's latest innovation involves using Nvidia AI technology to detect malicious AI prompts with high precision, a significant advancement in the security landscape.The collaboration with Nvidia is crucial as traditional security measures fall short against new th ...
WeRide Inc. (NASDAQ:WRD) Surpasses Earnings and Revenue Estimates
Financial Modeling Prep· 2026-03-23 21:03
WeRide Inc. reported an EPS of -$0.08, beating the estimated EPS of -$0.14.The company's revenue reached approximately $44.9 million, exceeding expectations.WeRide's financials indicate strong investor confidence and potential for future growth in the autonomous vehicle sector.NASDAQ:WRD recently reported its earnings, revealing an EPS of -$0.08, which exceeded the estimated EPS of -$0.14. The company also reported revenue of approximately $44.9 million, surpassing the estimated $39.3 million. This performa ...
Intrusion Inc. (NASDAQ:INTZ) Prepares for Quarterly Earnings Amidst Cybersecurity Sector Growth
Financial Modeling Prep· 2026-03-23 21:00
Anticipated earnings report for March 24, 2026, shows a 75% improvement in EPS and a 22.32% increase in revenue year-over-year.Recent stock performance has seen INTZ's stock surge by 15.22%, outperforming the broader market indices and the Computer and Technology sector.Financial health indicators such as a low debt-to-equity ratio of 0.16 and a strong current ratio of 3.11 highlight INTZ's solid financial foundation.Intrusion Inc. (NASDAQ:INTZ) is a company that specializes in cybersecurity solutions, prov ...
Heidmar Maritime Holdings Corp. (NASDAQ: HMR) Q4 Earnings Insight
Financial Modeling Prep· 2026-03-23 20:00
Heidmar Maritime Holdings Corp. (HMR) Q4 Earnings PreviewHeidmar Maritime Holdings Corp. (NASDAQ: HMR) is gearing up for its quarterly earnings announcement on March 24, 2026. Market analysts have set the earnings per share (EPS) expectation at $0.05 and forecast the company's revenue to reach approximately $15.89 million. As a significant entity in the maritime sector, HMR operates on a global scale with key operations based in Athens and New York.The company is scheduled to disclose its financial outcomes ...
Amazon Maintains Strong AI Positioning, Barclays Reiterates Overweight Rating
Financial Modeling Prep· 2026-03-23 19:47
Barclays reiterated its Overweight rating and $300 price target on Amazon.com (NASDAQ: AMZN), highlighting strengthening momentum in its cloud business driven by AI-related demand. The firm noted that Amazon Web Services (AWS) secured a major agreement with OpenAI, bringing total expected spending on AWS to approximately $138 billion over the next seven to eight years. Barclays incorporated this into its projections, assuming a gradual ramp beginning in 2026. The analyst expects this to be reflected in AWS ...
Palantir Seen Gaining Federal AI Contracts, Wedbush Reiterates Outperform
Financial Modeling Prep· 2026-03-23 19:45
Wedbush reiterated its Outperform rating and $230 price target on Palantir Technologies Inc. (NASDAQ: PLTR), citing continued strength in government-related opportunities. The firm said it expects Palantir to secure additional contracts across U.S. federal agencies, particularly within the Department of Defense, where demand for advanced software solutions remains a high priority amid a complex geopolitical environment. Wedbush noted that Palantir’s technology offering aligns closely with government needs, ...
AeroVironment Upgraded to Market Perform by Raymond James, Shares Gain 4%
Financial Modeling Prep· 2026-03-23 19:45
Raymond James upgraded AeroVironment (NASDAQ: AVAV) to Market Perform from Underperform, with shares rising more than 4% intra-day Monday following the move. The upgrade came after the stock declined approximately 35% since early March, significantly underperforming the S&P 500, which fell about 5% over the same period. The firm also noted that the company’s next twelve months EBITDA multiple compressed from roughly 34x to about 28x. Additionally, the analyst pointed to meaningful downward revisions to cons ...
Zimmer Biomet Downgraded by BTIG on Limited Near-Term Upside
Financial Modeling Prep· 2026-03-23 19:43
BTIG downgraded Zimmer Biomet (NYSE: ZBH) to Neutral from Buy and withdrew its $112 price target, citing limited upside potential in the near term. The firm noted that fiscal 2025 was a challenging year for the company, with shares declining 14.8% despite efforts to improve both growth and profitability. BTIG said that recently launched products, including the so-called “Magnificent 7,” did not significantly accelerate organic growth during 2025, while Paragon 28 also underperformed expectations. The downgr ...