Rippling, founded in 2016 by Parker Conrad and Prasanna Sankar becoming a unicorn in 2020, has just raised $460m at a $16.8 billion valuation
Investors
Rippling has raised a $450 million Series G round. with Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth, along with other existing investors.
What it does
Rippling is a workforce management platform that unifies HR, IT, and finance operations into one system. It enables companies to manage the entire employee lifecycle — from onboarding and payroll to benefits administration and compliance — all in one place.
The platform also offers IT tools for device management, software access, and security oversight. With its integrated approach, Rippling helps organizations streamline operations, reduce complexity, and improve overall efficiency.
Rippling supports businesses in over 100 countries, offering global payroll and compliance tools designed for modern, distributed teams.
Martian Logic is well placed to ride this wave
In Australia - a story is unfolding with an innovative HRIS ((Human Resources Information System) Company, founded in 2001 by Physicist and Tech Engineer, Anwar Khalil.
Anwar literally started his business from his 2 bedrooms unit in the Inner West - and the blood, sweat and tears from a small group of 5 techsters, and Jeannine Winiata - with desks in his living room and bedrooms.
In 2003 he came to BSI offices, a one stop shop for the entrepreneur - needing funding and support . Anwar reminded me that we invested $50k on a handshake and then - with the help of BSI’s Investor Forum, the Comet Grant and R&D Government Incentives , raised a further $1.5m from strategic Investors .
Fast forward to 2025 - starting as a simple multi- job posting system for recruiters, Martian Logic has slowly building growing its business to a solid comprehensive HRIS Platform (Human Resources Information System) servicing over 200 schools, healthcare , NDIS, Councils and medium sized businesses .
Built cohesively module-by-module and from scratch in Australia | Perfect for the desk-lessworkforce likeschools, healthcare, NDIS... etc.Talent acquisition, onboarding, full employee lifecycle, performance, surveys, compliance & learning, plus more.
Martian Logic is perfectly poised for exponential growth and on its way to becoming a Unicorn in the making me thinks :)
The new round by Rippling underscores the need for companies to manage people, systems, and finances at scale.
Some articles
AI in the HR industry and Aussie Tech
“Product led growth” is the holy grail
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