Rippling Net Worth (Updated 2025).

Rippling, a pioneering HR and IT management platform, was founded in 2016 by Parker Conrad and Prasanna Sankar. The company was born out of a simple yet powerful idea: to simplify the complexities of employee management by integrating HR, IT, and finance systems into a single, user-friendly platform.

Conrad, a serial entrepreneur, and Sankar, a seasoned software engineer, started Rippling in San Francisco, California. Their vision was to create a comprehensive solution that could automate and streamline employee onboarding, benefits administration, and IT asset management. This innovative approach quickly gained traction among businesses, leading to Rippling’s rapid growth and eventual recognition as a leader in its field.

Rippling’s Current Net Worth (2025)

As of 2025, Rippling’s current net worth is estimated to be around $5 billion. This significant valuation reflects the company’s growth and success in the HR and payroll software industry.

Career

Rippling was founded in 2016 by Parker Conrad and Prasanna Ganesan. Conrad, the CEO, previously co-founded Zenefits, another HR software company. Ganesan, the CTO, has a background in software engineering and machine learning. Together, they’ve built Rippling into a leading HR platform, serving over 20,000 businesses.

Other Ventures

Beyond Rippling, Conrad and Ganesan have invested in various startups through their personal venture capital firm, Refactor Capital. They’ve also been involved in mentoring and advising other entrepreneurs in the tech industry.

Assets

Rippling’s assets primarily consist of its intellectual property, including patents and trademarks related to its HR and payroll software. The company also owns its headquarters in San Francisco, California, and has offices in New York and Vancouver.

Annual Income

In 2024, Rippling’s annual recurring revenue (ARR) was reported to be around $300 million, indicating a significant growth trajectory. The company has consistently shown strong financial performance, driven by its expanding customer base and successful product offerings.

Frequently Asked Questions about  Rippling

Frequently Asked Questions: Rippling Net Worth

1. What is Rippling?

Rippling is a cloud-based HR platform that helps businesses manage their HR processes, including onboarding, benefits, payroll, and more. It’s known for its user-friendly interface and seamless integration with other tools.

2. Who founded Rippling?

Rippling was founded by Parker Conrad and Prasanna Sankar in 2016. Conrad is also the CEO of the company.

3. How does Rippling make money?

Rippling generates revenue through subscription-based pricing. Businesses pay a monthly fee per employee to use the platform’s services.

4. What is Rippling’s business model?

Rippling operates on a Software as a Service (SaaS) business model. It provides a suite of HR tools to businesses, charging them a recurring fee for access to these services.

5. What is Rippling’s net worth?

As of the latest estimates, Rippling’s net worth is valued at over $11 billion.

6. How many employees does Rippling have?

As of 2021, Rippling has over 1,000 employees.

7. In which year was Rippling founded?

Rippling was founded in 2016.

8. What is Rippling’s headquarters location?

Rippling’s headquarters is located in San Francisco, California.

9. How much funding has Rippling raised?

As of 2021, Rippling has raised over $950 million in funding from various investors.

10. What is Rippling’s market share in the HR tech industry?

Rippling’s market share in the HR tech industry is growing, but it’s difficult to pinpoint an exact figure due to the competitive nature of the market. However, it’s one of the leading players in the industry.