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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]
Hi-View Acquires Chip Showing Contigious To Lawyers East Porphyry Target
Thenewswire· 2026-03-31 07:01
VANCOUVER, BRITISH COLUMBIA, MARCH 31st, 2026 – TheNewswire – HI-VIEW RESOURCES INC. ("Hi-View" or the "Company") (CSE: GXLD; OTCQB: HVWRF; FSE: B630) announces it has acquired three mineral claims contiguous to the Lawyers East porphyry target within the Toodoggone District of central British Columbia. The claims total 157.8 hectares and include all associated exploration data. R. Nick Horsley, Chief Executive Officer of Hi-View, commented, "Expanding our footprint in the Toodoggone has been a deliberate f ...
Polestar announces updates to its capital structure and intention to consolidate Polestar 3 manufacturing
Businesswire· 2026-03-31 06:56
Polestar announces updates to its capital structure and intention to consolidate Polestar 3 manufacturing Mar 31, 2026 2:56 AM Eastern Daylight Time Polestar announces updates to its capital structure and intention to consolidate Polestar 3 manufacturing Share Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are availa ...
Volvo Cars to swap $300 million of Polestar debt to equity to consolidate US manufacturing
Reuters· 2026-03-31 06:54
Volvo Cars to swap $300 million of Polestar debt to equity to consolidate US manufacturing | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang Purchase Licensing Rights, opens new tab Polestar Automotive Holding UK PLC Follow Volvo Car AB Follow Show more companies STOCKHOLM, March 31 (Reut ...
Rheinmetall and Boeing Australia to Supply Combat Aircraft to German Military
WSJ· 2026-03-31 06:54
Arms maker Rheinmetall said it struck a deal with Boeing's Australian business to offer autonomous combat aircraft for the German armed forces. ...
Empire Metals Limited Announces Eclipse Mining Licence Sale Extension
Accessnewswire· 2026-03-31 06:45
Empire Metals Limited Announces Eclipse Mining Licence Sale Extension <!-- Twitter Tags --> <!-- Facebook Tags --> <!-- Injecting site-wide to the head --> <!-- End Injecting site-wide to the head --><!-- Inject secured cdn script --> <!-- ========= Meta Tags ========= --> <!-- PWA settings --> <!-- Add manifest --> <!-- End PWA settings --> <!--Add favorites icons--><!-- End favorite icons --> <!-- render the required CSS and JS in the head section --> <!-- loadCSS function header.jsp--> <!-- Google Fonts ...
Genflow Biosciences PLC Announces Total Voting Rights
Accessnewswire· 2026-03-31 06:45
Genflow Biosciences PLC Announces Total Voting Rights Back to the Newsroom Genflow Biosciences PLC Announces Total Voting Rights LONDON, UK / ACCESS Newswire/ March 31, 2026 / Genflow Biosciences Plc (LSE:GENF) (OTCQB:GENFF) ("Genflow" or "the Company") announces that the total issued share capital of the Company as at 31 March 2026 consists of 535,653,205 ordinary shares of £0.0003 each, none of which are held in treasury. Therefore, the total number of voting rights in th ...
Japan Post Insurance Invests in KKR's Hoken Minaoshi Hompo Group
Businesswire· 2026-03-31 06:44
TOKYO--(BUSINESS WIRE)--Japan Post Insurance Invests in KKR's Hoken Minaoshi Hompo Group. ...
Avacta announces first patient treated in Phase 1 FOCUS-01 trial of FAP-Exd (AVA6103) - a sustained-release pre|CISION® exatecan peptide drug conjugate
Globenewswire· 2026-03-31 06:31
Enrollment underway in second Avacta clinical program at first three specialist U.S. oncology centers Initial data from the trial expected later this year LONDON and PHILADELPHIA, March 31, 2026 (GLOBE NEWSWIRE) -- Avacta Therapeutics (AIM: AVCT, "the Company", "Avacta"), a clinical stage biopharmaceutical company developing pre|CISION®, a tumor-activated oncology delivery platform, is pleased to announce today, that the first patient has been treated in the FOCUS-01 trial, the multicenter, open-label Phase ...
Syensqo releases its 2025 Annual Integrated Report
Globenewswire· 2026-03-31 06:30
Regulated Syensqo releases its 2025 Annual Integrated Report Brussels, Belgium – March 31, 2026 - 08:30 CEST Syensqo has published its 2025 Annual Integrated Report today. The report comprises the company’s financial and sustainability statements, compliant with the EU Corporate Sustainability Reporting Directive (CSRD), and One Planet roadmap progress. The 2025 annual integrated report is posted in the Financials and Sustainability Sections of the Syensqo website. A European Single Electronic Format (ESEF ...