Rippling, a San Francisco, California-based HR & IT management all-in-one integrated system provider, as per recent reports last week, has raised $45 million in a Series A investment funding round led by partner Mamoon Hamid from Kleiner Perkins (formerly Kleiner Perkins Caufield & Byers), a Menlo Park, Silicon Valley, California-based venture capital firm. The funding round was also participated by existing investors Initialized Capital, Threshold Ventures (formerly DFJ Venture), Y Combinator, and others.
The San Francisco-based Rippling offers an employee onboarding platform to enterprises that span both Human Resources (HR) and the Information Technology (IT) department. The all-in-one integrated system offers complete new hires management service from their payroll and benefits to their computers and cloud apps. Moreover, the platform’s service integrates across the company, helping management reduce the work related to the administrative process.
A business employing the Rippling system, can onboard an employee, and instantly take care of their: New-hire paperwork, Payroll, Benefits, Work computer, Software and security, App access, and Single sign-on, all with the flick of a button click.