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Lip Ring vs Deal Unpacking: Corporate Spy and $16.8 billion Plot Twist

TechBrunchBy TechBrunchMay 14, 20251 Min Read
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Despite the confusion in the court, the ripples are still going through full steam. At the heart of an increasingly dramatic legal battle with rival deals, the HR Tech startup has raised $450 million in fresh funding at a $16.8 billion valuation and launched a new “startup stack” for early-stage businesses.

The funds come in the famous legal battle with Deel, accusing the film-worthy corporate spying of the film-worthy. Deal denied the claim, filed its own lawsuit, calling Ripling's charges “distraction.”

Today, in Equity, Mary Anne Azevedo and Charles Roll delve into the HR Tech showdown, ranging from legal drama to the impact of IPOs and global plot.

Listen to the entire episode and hear the following:

Suspicion of spy, evidence of rip ring, and deal denial YC is involved in Rip ring's latest project, and why the movement is frowned upon

Equity is TechCrunch's flagship podcast produced by Teresa Loconsolo, posted every Wednesday and Friday.

Subscribe to us with Apple Podcasts, Cloudy, Spotify, and all casts. You can also follow Equity x and threads, @equityPod. For full episode transcripts, check out the full episode archive for those who prefer to read listening.





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