HR startup Rippling is in discussions to raise at a $13.4B valuation, up from $11.25B The round could total $870M, including $670M worth of secondaryLate stage HRtech startup Rippling is raising new capital.
This will be Rippling’s Series F, and could raise its valuation to as high as $13.4 billion on a post-money basis, up from the $11.25 billion valuation it reached when it last raised capital in a $500 million Series E just a year ago.
Rippling had raised $1.2 billion total previous to this round.
Rippling competitor Gusto told TechCrunch that it reached $500 million in trailing revenue last year, along with cash flow positivity.
Earlier this year Deel, which focuses on payroll for teams that cross borders, said that it had reached $500 million worth of annual recurring revenue.
Despite its similarities, Instagram Threads is no X.
The traffic surge drove #earthquake to the top of X’s Trends section, followed by other areas of impact, like “East Coast,” “Long Island,” “Philly,” “Manhattan” and “Brooklyn.” Meanwhile, earthquake-related terms didn’t register on Threads’ trends section until closer to 2 p.m.
That’s not to say people weren’t discussing the earthquake on Threads — many were.
Around 1 p.m. on Friday, TechCrunch reached out to Instagram to ask why the earthquake didn’t make it into Threads’ top trends.
The phone kept buzzing, and there was, ‘earthquake, earthquake, earthquake.
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Since announcing its chat feature last November, Substack has been hoping to capitalize on Twitter’s turmoil in the wake of Elon Musk’s takeover. However, with Facebook Messenger and WhatsApp already…
