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Unpacking Rippling vs Deel: corporate espionage and a $16B plot twist

Despite courtroom chaos, Rippling is still going full steam ahead. The HR tech startup at the center of an increasingly dramatic legal battle with rival Deel just raised a fresh $450 million () in funding at a $16.8 billion valuation, and launched a new “Startup Stack” to woo early-stage companies—winning over Y Combinator as both…

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Despite courtroom chaos, Rippling is still going full steam ahead. The HR tech startup at the center of an increasingly dramatic legal battle with rival Deel just raised a fresh $450 million () in funding at a $16.8 billion valuation, and launched a new “Startup Stack” to woo early-stage companies—winning over Y Combinator as both an investor and a client.

The funding lands amid the company’s high-profile legal fight with Deel () , which Rippling accuses of movie-worthy corporate espionage, complete with secret crypto payments and decoy Slack channels. Deel has denied the claims and fired back with its own lawsuit, calling Rippling’s accusations a “distraction.”

Today on Equity () , Mary Ann Azevedo and Charles Rollet are digging into the HR tech showdown from legal drama to IPO implications and global intrigue.

Listen to the full episode to hear more about:

•

The alleged spy, Rippling’s evidence, and Deel’s denials

•

YC’s involvement in Rippling’s latest project, and why the move is raising eyebrows

•

The potential impact on IPOs for both companies 

Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. 

Subscribe to us on Apple Podcasts () , Overcast () , Spotify () and all the casts. You also can follow Equity on X () and Threads () , at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here () .

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. We’d also like to thank TechCrunch’s audience development team. Thank you so much for listening, and we’ll talk to you next time.

Learn more about your ad choices. Visit megaphone.fm/adchoices ()

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CNET

First Look at Meta Hologram (Cool or Creepy?)

CNET editor at large Scott Stein got a first look (in more ways than one!) of Meta’s new photorealistic avatars, Meta Hologram. Hologram will be coming to Meta VR glasses and Meta Ray-Ban Display in spring 2027. #metaconnect #metavr #metaglasses #allthingsmobile #vr Read more about it on CNET.com Video Credits: Host: Scott Stein Video Editor:…

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September 24, 2026

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CNET editor at large Scott Stein got a first look (in more ways than one!) of Meta’s new photorealistic avatars, Meta Hologram. Hologram will be coming to Meta VR glasses and Meta Ray-Ban Display in spring 2027. #metaconnect #metavr #metaglasses #allthingsmobile #vr

Read more about it on CNET.com

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Host: Scott Stein
Video Editor: Faith Chihil

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CNET

Demo: 3D Meta Hologram Calls on Meta VR Glasses

Is this real life?! At Meta Connect 2025, Scott Stein found out what it’s like to take a Meta Hologram call on Meta’s upcoming VR glasses. #metaconnect #metaverse #metahologram #vr #allthingsmobile Read more about it on CNET.com Video Credits: Host: Scott Stein Video Editor: Faith Chihil Add CNET as a trusted news source Never miss…

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September 24, 2026

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Is this real life?! At Meta Connect 2025, Scott Stein found out what it’s like to take a Meta Hologram call on Meta’s upcoming VR glasses. #metaconnect #metaverse #metahologram #vr #allthingsmobile

Read more about it on CNET.com

Video Credits:
Host: Scott Stein
Video Editor: Faith Chihil

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CNET

Demo: Taking a Call With Meta Hologram

Imagine walking around doing chores while on a phone call, but all the person you’re talking to sees is you chatting with them normally. At Meta Connect 2026, we got a live demonstration of how phone calls and WhatsApp calls will look like with Meta’s photorealistic Hologram avatars coming to Meta Ray-Ban Display glasses. Even…

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September 24, 2026

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Imagine walking around doing chores while on a phone call, but all the person you’re talking to sees is you chatting with them normally.

At Meta Connect 2026, we got a live demonstration of how phone calls and WhatsApp calls will look like with Meta’s photorealistic Hologram avatars coming to Meta Ray-Ban Display glasses. Even if you don’t have a pair of Display glasses, you’ll be able to see the caller’s Hologram on your phone. #metaconnect #metaglasses #metahologram #vr #allthingsmobile

Read more about it on CNET.com

Video Credits:
Host: Scott Stein
Video Editor: Faith Chihil

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