Greenoaks Capital led a $500m Series E funding round in Rippling.

Greenoaks Capital, a private equity firm, led a $500m Series E funding round in Rippling, a human resource management company that offers an all-in-one platform to help manage HR and IT operations. The emergency round facilitated by Greenoaks Capital gives Rippling the same valuation it fetched in a fundraising last year, despite a market correction that’s prevented most startups from raising money at favorable terms.