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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]
Tesla Sales Rebound in Europe After Monthslong Slump
WSJ· 2026-03-24 05:43
New-car registrations for Tesla models grew nearly 12% on year, its first increase in European monthly sales in more than a year. ...
Broadcom flags supply constraints, says TSMC capacity a bottleneck
Reuters· 2026-03-24 05:41
Broadcom flags supply constraints, says TSMC capacity a bottleneck | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A Broadcom logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab TAIPEI, March 24 (Reuters) - Chip designer Broadcom (AVGO.O), opens new tabsaid it is seeing supply chain constraints, including capacity limits at its manufacturing partner TSMC ...
10x Genomics: Undervalued Amid Consumables-Led Transition
Seeking Alpha· 2026-03-24 05:35
Editor's note: Seeking Alpha is proud to welcome Jaden Mealy as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.I am Jaden Mealy, an undergraduate sophomore student studying Finance and Mathematics at the Carroll School of Management at Boston College. I have been involved in both the Boston College Investment Club and Sales and Trading Club, where I par ...
PEO: Energy Income Fund Capitalizing On Resources With Market Outperformances
Seeking Alpha· 2026-03-24 05:23
I have been managing investments for over eight years in capital markets. By qualification I am a CFA Charter holder. I primarily look for discrepancies between the price and value of a security. With a focus on first-principal mindset, I try breaking down ideas into their core- most tangible parts, affecting the theses while deliberately avoiding the non-significant matter into crowding the analysis. If you like my ideas or frameworks, reach out via email/message for more granular and concentrated- portfol ...
Australia's Santos temporarily shuts Darwin LNG plant amid Mideast supply squeeze
Reuters· 2026-03-24 05:06
Australia's Santos temporarily shuts Darwin LNG plant amid Mideast supply squeeze | Reuters However, an email from Santos to stakeholders suggested it could take "a number of weeks" for Darwin LNG to resume operations, a timeframe reported by the Australian Financial Review. "We are in the final stages of commissioning for Barossa LNG to flush the system before coming back on and getting back to full rates," the spokesperson said. Skip to main content Exclusive news, data and analytics for financial market ...
European car sales rise modestly in February, Tesla reverses year-long skid
Reuters· 2026-03-24 05:01
European car sales rise modestly in February, Tesla reverses year-long skid | Reuters Skip to main content A view of new cars parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Bart Biesemans Purchase Licensing Rights, opens new tab Companies BYD Co Ltd Follow Renault SA Follow Stellantis NV Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Follow Show more companies March 24 (Reuters) - New car sales in Europe rose in February after falling in J ...
Kulicke & Soffa Launches ASTERION™‑TW: Innovative Ultrasonic System Expands Power Assembly Portfolio
Prnewswire· 2026-03-24 05:00
Kulicke & Soffa Launches ASTERIONa..eTW: Innovative Ultrasonic System Expands Power Assembly Portfolio Accessibility StatementSkip Navigation SINGAPORE, March 24, 2026 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAO: KLIC) ("K&S" or the "Company"), a global leader in semiconductor assembly solutions and wedge bonding technology, today announced ASTERIONâ..c/-TW. a new ultrasonic terminal welding system designed to support next generation power module manufacturing. ASTERIONâ"¢TW leverages K&S's l ...
Kulicke & Soffa Expands Memory Solutions Portfolio
Prnewswire· 2026-03-24 05:00
Kulicke & Soffa Expands Memory Solutions Portfolio Accessibility StatementSkip Navigation Introducing New Solutions to Address Emerging Assembly Challenges SINGAPORE, March 24, 2026 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. ("K&S", "Company") today announced an expanded portfolio of memory–focused interconnect solutions, reinforcing its leadership across Ball, Vertical Wire, Advanced Thermo–Compression and Hybrid Bonding technologies. As memory assembly evolves to support higher bandwidth, greater ...
Disney Missed Out on Monday's Market Rally. Is It a Red Flag for the Entertainment Giant?
The Motley Fool· 2026-03-24 04:53
Walt Disney Co (DIS 1.57%) has seemingly been in flux for the last decade.Over that period, the entertainment giant acquired Fox's entertainment assets, launched Disney+, managed through the pandemic, replaced its CEO, brought back Bob Iger, and now Iger has officially retired, replaced by new CEO Josh D'Amaro.During that time, Disney has retained its primacy in family entertainment and built an impressive streaming business, but the stock has gone nowhere, as it is basically flat over the last decade, whil ...