HR tech startup Rippling raises $200M at a $13.5B valuation, plans international expansion and R&D.

HR tech startup Rippling reached a $13.5B valuation after a $200M financing round led by Coatue, with plans to expand internationally, invest in R&D, and launch new products. The firm's revenue has doubled year-over-year, and its platform combines HR, IT, and finance for companies with less than 2,000 employees. Rippling aims to double its global workforce and further develop AI features in its software.