Parker Conrad
Co-founder and CEO of Rippling
Parker Conrad is the co-founder and CEO of Rippling, the San Francisco company that sells HR, IT and finance software in one system. He started it in 2016 and it went through Y Combinator in Winter 2017. Before that he co-founded Wikinvest (now SigFig) and Zenefits, which he led as CEO until February 2016.
Rippling
Zenefits
Y Combinator
- HR software
- Payroll
- Now
- Co-founder and CEO, Rippling4
- Based
- San Francisco, California3
- Education
- BA in Chemistry, Harvard University, 20033
- Y Combinator
- Zenefits (W13) and Rippling (W17)2
In their words
At Rippling, we believe that fragmentation of employee information is the unacknowledged root cause of almost all the administrative work of running a company. … Our Mission is simple: To eliminate the administrative drudgery of running a business by creating a single system of record for employee information that all business software and services plug into.
3
Experience
- Co-founder and CEO2016 – now
By May 2025 Rippling had raised $1.85 billion in total, had more than 20,000 customers and more than 4,000 employees.11
- Member, Board of Directors32025 – now
- Co-founder and CEO2012 – 2016
Stepped down in February 2016 after compliance failures, including unlicensed brokers selling health insurance; COO David Sacks became CEO and Conrad left the board.7
- Co-founder32007 – 2013
- Product Manager3Sep 2003 – Oct 2006
Education
BA, Chemistry; managing editor of The Harvard Crimson3
Recognition
Patent · US 11,321,093 B112
Milestones
- Co-founds Wikinvest, later renamed SigFig5
- Starts Zenefits with $20,000 of his own savings5
- Zenefits is valued at $4.5 billion in a funding round7
- Resigns as CEO of Zenefits over regulatory compliance problems; COO David Sacks takes over6
- Founds Rippling in San Francisco; it goes through Y Combinator in Winter 20171
- Settles SEC charges that Zenefits misled investors about its insurance-law compliance, paying $533,692 without admitting the violations; Zenefits pays a $450,000 penalty8
- Rippling raises $250 million at a $6.5 billion valuation9
- Granted a US patent on multilayered generation and processing of computer instructions, with four co-inventors12
- Rippling raises a $500 million Series E from Greenoaks at an $11.25 billion valuation during the Silicon Valley Bank collapse10
- Rippling raises a $200 million Series F led by Coatue at a $13.4 billion valuation11
- Rippling raises a $450 million Series G at a $16.8 billion valuation11