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Rippling CEO Parker Conrad recalls how he pitched Founders Fund partner Brian Singerman when they met while on a long walk in hilly San Francisco neighborhood Noe Valley. \"I was kind of like huffing and puffing;; marching up and down these hills;; sort of pitching Brian on the company;;\" he told Business Insider. \"So that was definitely different than then sort of like normally;; how things work.\" Click here for more BI Prime stories.", "slideCount": 14, "companyName": "Rippling", "description": "Cloud HR startup Rippling raised $145 million in a Series B round led by Founders Fund at an estimated $1.45 billion valuation;; according to PitchBook. Rippling CEO Parker Conrad recalls how he pitched Founders Fund partner Brian Singerman when they met while on a long walk in hilly San Francisco neighborhood Noe Valley. \"I was kind of like huffing and puffing;; marching up and down these hills;; sort of pitching Brian on the company;;\" he told Business Insider. \"So that was definitely different than then sort of like normally;; how things work.\" Click here for more BI Prime stories. Raising capital is tough in the middle of a pandemic and a severe downturn. It's likely even harder for startups serving a market that's been hit hard by the coronavirus crisis: small businesses. But Parker Conrad;; CEO and cofounder of HR cloud startup Rippling;; managed to pull it off;; raising $145 million in a Series B round led by Founders Fund;; at a $1.45 billion valuation according to PitchBook. Rippling's cloud platform makes it easier for small and medium sized businesses to manage employee records and needs. 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Includes a disclaimer that figures are illustrative and not actuals.", "function": "analyze_data", "rawType": "appendix_data", "block": null, "metadata": { "slideType": "appendix_data", "slideTypeCanon": { "name": "Appendix data", "slug": "appendix_data", "status": "active", "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 82, "componentCount": 7, "textChars": 721, "nDataPoints": 288, "notes": "The table uses a heatmap-style color gradient to visualize retention performance. 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Note: Bookings figures as of 2020-06-30. Definition: Net Dollar Retention = Total Bookings ARR (after expansion, contraction, cross-sell, churn) in current period for customers acquired 12 months prior / Total Bookings ARR (after expansion, contraction, cross-sell, churn) for the same customers as of prior period.", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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