Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.
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Gusto is the full-service HR, payroll, and benefits platform for small and medium businesses, serving 300K+ companies across all 50 US states. Valued at $9.5B with $520M raised, Gusto processes $100B+ in payroll annually and generates $400M+ in ARR. Competes with ADP, Paychex, and Rippling in the $80B+ payroll and HR software market. IPO under active consideration as the category leader in SMB-focused HR technology.
| Industry | HR Technology |
| Stage | Public |
| IPO Status | Public |
| Valuation | $14B |
| Total Funding | $921M |
| Headquarters | San Francisco, CA |
Rippling is the unified HR, IT, and finance platform for businesses — combining payroll, benefits, device management, and spend management in one system. Valued at $25B with $1.8B raised, Rippling generates $600M+ in ARR and has disrupted Workday, BambooHR, and Expensify. IPO candidate as the consolidation of HR/IT/finance into a single AI-native platform accelerates in the $80B+ enterprise software market.
| Industry | Enterprise Software |
| Stage | Series I |
| IPO Status | Private |
| Valuation | $35.0B |
| Total Funding | $3.2B |
| Headquarters | San Francisco, CA |
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Gusto is valued at $14B. Rippling is valued at $35.0B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.
Gusto filed an S-1 in March 2026 and is actively in the IPO pipeline. Rippling is currently private. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.
Gusto has raised $921M. Rippling has raised $3.2B.
Gusto operates in HR Technology, while Rippling operates in Enterprise Software.
Gusto is a HR Technology company valued at $14B with $921M raised. Rippling is a Enterprise Software company valued at $35.0B with $3.2B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.
Accredited investors can access pre-IPO shares in Gusto and Rippling through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.