<ul><li>Workforce management startup Rippling People Center Inc. raises $450 million in additional funding, reaching a valuation of $16.8 billion.</li><li>The Series G round had participants like Y Combinator, Sands Capital, Goldman Sachs Growth, Baillie Gifford, and GIC. Rippling also held a $200 million tender offer for current and former employees.</li><li>Rippling's rapid sales growth led to the increase in valuation, with annual recurring revenue exceeding $570 million. The company is prioritizing top-line growth over profitability and doesn't plan to go public soon.</li><li>Rippling provides cloud platforms for HR teams to manage payroll, benefits, and recruitment. It also offers IT tools for managing employee access, device management, and expense tracking.</li></ul>

Workforce management startup Rippling raises another $450M at $16.8B valuation

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