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]
Eyeing oil market turmoil and erratic job numbers, Fed to hold interest rates steady
Yahoo Finance· 2026-03-18 13:00
The bigger question is how the FOMC is assessing the impact of the Iran oil price shock on the economy and inflation — and thus the outlook for setting interest rates. Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments All eyes are on the Federal Reserve on Wednesday afternoon when the central bank is expected to hold interest rates steady for the second straight policy meeting this year. Fed Chair Jerome Powell "will most likely emphasize that significant ...
Sprout Social Named #1 Social Listening Product in G2’s 2026 Spring Reports, Achieving 59 Top Rankings Overall
Globenewswire· 2026-03-18 13:00
CHICAGO, March 18, 2026 (GLOBE NEWSWIRE) -- Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced a sweep of honors in G2's 2026 Winter Reports, earning 198 leader badges across all business segments—from small business to enterprise— and spanning every global region. Social media has become an immediate and rich source of market and customer insight. This recognition comes as Sprout Social advances social intelligence and AI innovations t ...
Rapid7 2026 Global Threat Landscape Report Shows Exploited High and Critical-Severity Vulnerabilities Surged 105% as Attack Timelines Collapsed
Globenewswire· 2026-03-18 13:00
New research reveals exploitation now occurs within days of disclosure, reinforcing the need for preemptive security operations BOSTON, March 18, 2026 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD), a global leader in AI-powered managed cybersecurity operations, today released The 2026 Global Threat Landscape Report: Decoding the Accelerated Cyber Attack Cycle. The report finds that the window between vulnerability disclosure and confirmed exploitation continues to collapse, leaving organizations with dramaticall ...
Femasys Appoints Dr. Kenneth D. Eichenbaum to Board of Directors
Globenewswire· 2026-03-18 13:00
ATLANTA, March 18, 2026 (GLOBE NEWSWIRE) -- Femasys Inc. (NASDAQ: FEMY), a leading biomedical innovator focused on making fertility and non-surgical permanent birth control more accessible and cost- effective for women worldwide, announced today the appointment of Kenneth D. Eichenbaum, M.D., M.S.E., to its Board of Directors. Dr. Eichenbaum is a board-certified anesthesiologist with clinical affiliations at Corewell Health William Beaumont University Hospital and Trinity Health Oakland Hospital, bringing d ...
Data I/O’s LumenX2 Platform Earns 2026 NPI Award for Breakthrough in Electronics Programming
Globenewswire· 2026-03-18 13:00
With the LumenX2 platform and LumenX2-M4, Data I/O continues to set the standard for programming performance, scalability, and quality in programming solutions worldwide. Honored by CIRCUITS ASSEMBLY for innovation, functionality, and impact on manufacturing performance, LumenX2 accelerates new product introduction and future-proofs semiconductor programming REDMOND, Wash., March 18, 2026 (GLOBE NEWSWIRE) -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of data provisioning solutions for ...
No Rate Cut Until December? How Crude Oil & Iran Upset Fed's Dual Mandate
Youtube· 2026-03-18 13:00
Now with respect to the dot plots, we had one rate hike priced in pri, you know, prior to this meeting. I think that the dot plot will reflect that. Although my sense is that if we do get a rate cut this year, it's going to be likely either in September or December. And right now, I'm leaning more towards December. Given the the time lag of some of the shocks that we're seeing impact the economy, they're going to show up much later. and the Fed's going to be very cautious on the other side of the war. said ...
Stubborn Wholesale Inflation Persisted in February
WSJ· 2026-03-18 12:56
Wholesale inflation hit the highest rate in a year last month, adding evidence that stubborn price increases persisted in the economy even before the Iran war began. ...
Alvopetro posts higher output, boosts reserves after “transformational” 2025
Proactiveinvestors NA· 2026-03-18 12:55
We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US ...
NYSE Content Update: Snowflake to Unveil AI Platform to Get Work Done Faster
Prnewswire· 2026-03-18 12:55
NYSE Content Update: Snowflake to Unveil AI Platform to Get Work Done Faster Accessibility StatementSkip Navigation NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, March 18, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre- market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Ashley Mastronardi delivers the pre-market update on March 18th Continue Reading ICE Director ...