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.
After leaving Nvidia in 2010, Kumar pivoted to cybersecurity, eventually co-founding Fortanix, a cloud data security platform.
Leveraging AI, Simbian can automatically orchestrate and operate existing security tools, finding the right configurations for each product by taking into account a company’s priorities and thresholds for security, informed by their business requirements.
A separate study found that organizations now juggle on average 76 different security tools, leading IT teams and leaders to feel overwhelmed.
In addition to automatically configuring a company’s security tools, the Simbian platform attempts to respond to “security events” by letting customers steer security while taking care of lower-level details.
But that assumes Simbian’s AI doesn’t make mistakes, a tall order, given that it’s well established that AI is error-prone.
Well, if you ask Garrett Hamilton, they should give Reach Security a whirl.
Instead of serving as just another layer in a company’s cybersecurity stack, Reach connects to a company’s existing IT and security products, collecting data on attacks and recommending ways to combat them using security tools that the company already owns.
They’re wrong.”Prior to Reach, Hamilton worked at Palo Alto Networks, where he was director of product management.
A survey from security posture management vendor Panaseer found that organizations manage on average between 64 to 76 security tools (as of 2022).
Reach also auto-tunes security tool configurations to try to prevent attacks, prioritizing actions based on how the attacks are being carried out.
Wet wipes are great for your tush, but awful for the environment.
For a few years, the startup Fohm had a solution: a specially formulated soap that can be dispensed onto toilet paper, turning them into wet wipes that can be disposed of safely in the toilet.
With a mission to provide an eco-friendly alternative to traditional wet wipes, Fohm, now rebranded as Saintly, has been bringing up the rear (ahem), in an effort to address the environmental and infrastructural issues caused by microplastic-based wet wipes.
By introducing a foam-based cleansing solution, Fohm offered a novel approach to personal hygiene that was both skin and eco-friendly.
The Saintly Dispenser Kit is $99 on subscription or $109 as a one-time purchase.
Zoe Care is taking a different approach, by using existing Wi-Fi signals (and the way our bodies change how Wi-Fi reception works) to detect humans and their activities.
Using Wi-Fi signals is a pretty cool, non-intrusive solution that addresses the key issues of privacy and ease of use that often plague conventional remote monitoring technologies.
The device doubles as a smart plug, and uses a sensor to gather and analyze Wi-Fi signals.
If a fall is detected, these signals are translated into alerts on a mobile application.
The fall detector will be offered as a subscription service, around $20-25 per month in the U.S.,” says Piotr Antonik, co-founder and CTO at Zoe Care.
In startup-land, the lifecycle of birth, growth and the inevitable leap of faith happens at a breakneck pace.
Still, we occasionally fall into the trap of grieving the demise of these companies.
The whole point of a startup is to build something enduring.
Yes, but: Dive a bit deeper, and you’ll realize that the very model of startups is dependent on drama — whether that’s dramatic ascent, or a rapid crash into the nearest mountain side.
And in that dynamic we can understand why we shouldn’t mourn failure.
Combining the power of artificial intelligence with human creativity can be a powerful tool for solving problems. Adept, a startup that has raised $350 million in a Series B funding…
