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]
Coveo Solutions May Be Cheap If AI Growth Can Finally Improve Margins
Seeking Alpha· 2026-03-27 01:06
Coveo Solutions Inc. ( CVO:CA ) is a software company that offers a Software-as-a-Service platform, which they provide through the cloud with integrated AI capabilities. These solutions are designed to support clients and employees in e-commerce, customer service, websites, and workplaceMy name is Myriam Hernandez Alvarez. I received the Electronics and Telecommunication Engineering degree from the Escuela Politecnica Nacional, Quito, Ecuador, the M.Sc. degree in computer science from Ohio University, Athen ...
The SpaceX IPO Will Be Just as Unconventional as Musk Himself
WSJ· 2026-03-27 01:00
From the investor meetings to how shares are doled out, Elon Musk is navigating his own path. ...
A "Love for Sports" Fosters Non-Cognitive Skills: Latest Statistical Analysis Reveals Correlation Between Affinity for Sports and Non-Cognitive Skills
Prnewswire· 2026-03-27 01:00
<!doctype html> <!-- For structured data --> <!-- For language declaration --> A "Love for Sports" Fosters Non-Cognitive Skills: Latest Statistical Analysis Reveals Correlation Between Affinity for Sports and Non-Cognitive Skills <!-- Additional Authorable Meta tags --> Accessibility StatementSkip NavigationMilabo Data Analysis Highlights Scalable Insights Supporting Leifras' Education PhilosophyTOKYO, March 26, 2026 /PRNewswire/ -- LEIFRAS Co., Ltd. (Nasdaq: LFS) (the "Company" or "Leifras"), a sports and ...
ROSEN, THE FIRST FILING FIRM, Encourages ImmunityBio, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - IBRX
Globenewswire· 2026-03-27 00:55
NEW YORK, March 26, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of ImmunityBio, Inc. (NASDAQ: IBRX) between January 19, 2026 and March 24, 2026, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 26, 2026 in the securities class action first filed by the Firm. SO WHAT: ...
Faraday Future Completes Delivery of Additional EAI Robots to New PBB Auto Inc., and Showcases Its Robotics to Students in Los Angeles Through an Innovative Hands-on Interactive Demonstration Event
Businesswire· 2026-03-27 00:54
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Oil Falls on Trump Pausing Attacks on Iran's Energy Sector
WSJ· 2026-03-27 00:54
Oil fell in early trade after President Trump said he's pausing attacks on Iran's energy sector for another 10 days as per Iran's request. ...
Nikkei Falls 1.0%, Dragged by Machinery, Electronics Stocks
WSJ· 2026-03-27 00:47
Japanese stocks were lower in early trade amid uncertainty over talks to end the war in Iran. ...
Gold Rises Amid Signs of Easing Middle East Tensions
WSJ· 2026-03-27 00:44
Gold rose in early trade amid signs of easing Middle East tensions. ...
Ravelin Properties REIT Reports Fourth Quarter and Full Year 2025 Results
TMX Newsfile· 2026-03-27 00:30
Toronto, Ontario--(Newsfile Corp. - March 26, 2026) - Ravelin Properties REIT (TSX: RPR.UN) ("Ravelin" or the "REIT"), an internally managed global owner and operator of well-located commercial real estate, announces financial results for the three months and year ended December 31, 2025.The REIT's annual audited financial statements, Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2025 are available under the REIT's issuer profile on SEDAR+ and can also be ...
