It raised $500 million dollars in a series C round of funding to get to this level.
The funding marks the largest public or private round for a software-as-a-service company since the Workday IPO in October of 2012. A variety of backers, including Andreessen Horowitz and Fidelity Management, are supporting Zenefits.
Zenefits intends to use the latest round of funding to hire employees in all lines of work to fuel further growth, Conrad said.
Find out more about Zenefits’ plans for future growth at MSN Money.
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