March has been a busy month for funding news in the tech industry, with two major companies securing significant rounds of investment. Stripe, a leading online payment processing company, announced that it had raised $6.5 billion in a funding round led by Sequoia Capital and other major investors. Meanwhile, Rippling, a startup focused on HR-tech solutions, raised $500 million in a funding round led by Founders Fund and other investors.
Stripe’s massive funding round is one of the largest in recent history, and brings the company’s valuation to $95 billion. The company has been growing rapidly in recent years, as more businesses turn to online payment processing solutions. Stripe’s platform allows businesses to accept payments from customers around the world, and offers a range of tools and services to help businesses manage their finances.
The company has also been expanding into new markets, including launching in India earlier this year. With this new funding, Stripe is poised to continue its growth trajectory and expand its offerings even further.
Rippling’s funding round is also significant, as it highlights the growing importance of HR-tech solutions in today’s business landscape. Rippling offers a platform that helps businesses manage their HR needs, including payroll, benefits administration, and employee onboarding.
The company has been growing rapidly since its launch in 2018, and has already attracted a number of high-profile clients, including DoorDash and Zenefits. With this new funding, Rippling plans to continue expanding its offerings and growing its customer base.
Overall, these funding rounds demonstrate the continued strength of the tech industry, even in the midst of a global pandemic. As businesses increasingly turn to digital solutions to manage their operations, companies like Stripe and Rippling are well-positioned to capitalize on this trend and continue their growth trajectories.
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