Articles

  • 5 days ago | techcrunch.com | Mary Ann Azevedo

    HR tech startup Rippling has raised a $450 million Series G round at a $16.8 billion valuation, the company confirmed to TechCrunch. It is also conducting a $200 million tender offer to give current and former employees some liquidity. The equity raise marks a big jump in valuation from a year ago. In April 2024, Rippling was valued at $13.4 billion when it raised a $200 million Series F round led by Coatue and a $590 million tender offer, with $200 million available for employees.

  • 6 days ago | finance.yahoo.com | Mary Ann Azevedo

    Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust. Tens of millions of dollars in deposits made by consumers, mostly customers of fintechs that worked with Synapse, remain unaccounted for. Yet according to The Information, Pathak is reportedly moving full steam ahead on attempts to fundraise for his new venture, humanoid robotics startup Foundation.

  • 1 week ago | techcrunch.com | Mary Ann Azevedo

    Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe’s payments foundation model has been trained on tens of billions of transactions, Emily Glassberg Sands, Stripe’s head of information, said.

  • 1 week ago | au.finance.yahoo.com | Mary Ann Azevedo

    Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe’s payments foundation model has been trained on tens of billions of transactions, Emily Glassberg Sands, Stripe’s head of information, said.

  • 1 week ago | techcrunch.com | Mary Ann Azevedo

    In February of 2024, equity management startup Carta revealed that it was getting into the startup winddown business with a new offering called Carta Conclusions. By December, the company had decided to “retire” that offering, according to a blog post. And now, SimpleClosure, a startup that has described itself as “the Turbo Tax of shutting down,” has announced that Carta is a new investor in its $15 million Series A round.

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Mary Ann Azevedo
Mary Ann Azevedo @bayareawriter
9 May 25

To say that Ingrid is talented is a vast understatement. Truly one of the best journalists I’ve ever known or worked with. And a wonderful person on top of that. Any publication would be extremely lucky to have her on its team.

Ingrid
Ingrid @ingridlunden

🎺personal news 🎺Last Wednesday was my last day at TechCrunch. Last story published two days ago (having been filed before my access was cut off). You can read more (and connect with me) on LinkedIn. https://t.co/gK3C4Aixcv

Mary Ann Azevedo
Mary Ann Azevedo @bayareawriter
9 May 25

RT @Techmeme: Rippling raised a $450M Series G at a $16.8B valuation, up from $13.4B during its $200M Series F in 2024; it is also conducti…

Mary Ann Azevedo
Mary Ann Azevedo @bayareawriter
9 May 25

HR tech startup Rippling has raised a $450M Series G round at a valuation of $16.8B, the company confirmed to TechCrunch. It is also conducting a $200M tender offer to give current and former employees some liquidity. https://t.co/OLdj0PGypu