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Big news today in the world of enterprise IT startups. Rippling , the startup founded by Parker Conrad to take on the ambitious challenge of building a platform to manage all aspects of employee data, from payroll and benefits through to device management, has closed $145 million in funding — a monster Series B that catapults the company to a valuation of $1.35 billion. It is a big leap for the company: it was just a little over a year ago that it raised $45 million at a valuation of $270 million. This latest round is a testament not only to the interest among investors and customers to put big bets on platforms that are making a consolidating play on a market that has otherwise suffered ... Full story

4 August