Rippling (company)
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | January 1, 2017 San Francisco, California, United States |
| Founder | Parker Conrad, Prasanna Sankar |
| Headquarters | San Francisco , United States |
Area served | International |
Key people | Parker Conrad (co-founder), Prasanna Sankar (co-founder) |
| Products | Cloud-hosted platform for HR, payroll, financial management, IT operations |
Number of employees | 2800 (2024) |
| Website | rippling |
Rippling is an international software enterprise, privately owned and launched in 2017 in San Francisco, California by founders Parker Conrad and Prasanna Sankar. The company delivers a cloud-hosted platform that allows organizations to streamline HR, payroll, financial management, and IT operations.
History
Established in 2016 by Parker Conrad and Prasanna Sankar, Rippling provides subscription-based software solutions focused on HR, employee onboarding, payroll processing, and administrative management. In 2020, the company rolled out a tool designed to facilitate applications for Paycheck Protection Program (PPP) loans.
The 2023 failure of Silicon Valley Bank, which Rippling relied on for payroll processing, impacted the company significantly. To sustain its activities, Rippling obtained nearly $500 million in urgent financing spearheaded by Greenoaks Capital and subsequently transitioned its banking services to JPMorgan.
By 2024, Rippling’s valuation reached $13.5 billion, supported by $1 billion in liquid assets earmarked for expansion despite the company not yet achieving profitability. Its workforce numbered around 2,800 employees, with office locations spanning California, Ireland, the United Kingdom, India, and Australia.
In early 2025, Rippling filed a lawsuit against rival Deel in Ireland over accusations of corporate espionage; Deel countered with legal action in Delaware. The conflict escalated when an individual allegedly spying for Deel confessed to espionage activities, creating a major controversy within the HR technology industry.