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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300ADP Delivers Strong FY25 Results with $20.6B Revenue, Sets Confident Outlook for FY26
ADP reported strong results for fiscal year 2025, with revenue growing 7% to $20.6 billion and adjusted diluted EPS rising 9% to $10.01. Both its Employer Services and PEO Services divisions delivered 7% revenue growth, fueled by high clien
Company NewsCareerBuilder + Monster Receives Court Approval of Sale Transactions
On July 29, 2025, CareerBuilder + Monster announced that the U.S. Bankruptcy Court has approved three asset sale transactions under its Chapter 11 restructuring process. Global career-tech firm BOLD will acquire the job board business and r
Venture CapitalSan Francisco’s Sparrow Secures $35M Series B to Tackle Global Leave Compliance with AI
Sparrow , the first end-to-end leave management platform designed for modern, global companies, has raised $35 million in Series B funding led by SLW, bringing its total funding to $64 million. The company leverages AI and compliance expert
Venture CapitalWingspan Raises $24M Series B in New York to Scale Embedded Contractor Payroll Platform for the $1.4T Flexible Workforce Market
Wingspan , a modern contractor payroll platform, has raised $24 million in Series B funding led by Touring Capital, bringing its total funding to $54 million. The funding will support the rollout of Wingspan Embed—an API-first contractor ma
Company NewsJulius AI Raises $10M to Democratize Data Analysis With AI Agents
Julius AI has raised $10 million in funding led by Bessemer Venture Partners, Y Combinator, and other notable investors to democratize AI-powered data analysis. The platform allows non-technical users to analyze data, generate visualization
EarningsTriNet Announces Second Quarter 2025 Results & Reaffirms Full Year 2025 Guidance
TriNet reported its Q2 2025 earnings, maintaining total revenue at $1.238 billion, essentially flat year-over-year. Despite a 4% decline in average WSEs and an 8% drop in professional services revenue, the company reaffirmed its full-year g
Product NewsLeena AI Announces the Launch of Voice-Enabled, Agentic AI Colleagues to Revolutionize Employee Centricity and Enterprise Productivity
Leena AI has launched voice-enabled Agentic AI colleagues to revolutionize employee support and workplace productivity. These AI agents use natural voice interactions to assist employees across HR, IT, Sales, Finance, and more—anytime, anyw
Venture CapitalgoHappy Announces Strategic Growth Investment from Pamlico Capital to Accelerate Innovation in Frontline Employee Engagement
goHappy , a Richmond-based provider of app-free frontline employee engagement solutions, has received a strategic growth investment from Pamlico Capital to accelerate innovation and product expansion. Serving over 1 million frontline worker
Venture CapitalSan Francisco’s Ashby Lands $50M Series D to Advance Enterprise Recruiting Innovation
Ashby, a San Francisco-based intelligent hiring platform, has secured a $50 million Series D round led by Alkeon Capital, doubling its valuation since the Series C. The funding follows significant growth—customer count rose from 1,300 to 2,
Venture CapitalSan Francisco-Based CandorIQ Raises $4.8M Seed Round to Reinvent Compensation and Workforce Planning with AI
CandorIQ , an AI-powered compensation and workforce planning platform based in San Francisco, has raised $4.8 million in seed funding led by Array Ventures with participation from Y Combinator, CRV, and Switch Ventures. The platform helps H
Venture CapitalOhio-Based Propel People Secures $3M to Tackle Construction Labor Shortages with AI
Propel People ,an AI-driven, mobile-first hiring platform tailored for skilled trades, has raised a $3 million seed round led by 1848 Ventures. The Ohio-based startup addresses the labor shortage crisis in the construction industry, where 9
Venture CapitalBetterComp Secures $33M Series A to Expand into New Markets & Advance AI in Compensation Practices
BetterComp , a compensation management software provider based in Walnut Creek, California, has secured $33 million in Series A funding led by Ten Coves Capital. This marks the company’s first institutional funding after years of bootstrapp
Product NewsPaylocity Advances One Unified HCM and Finance Platform with Launch of Integrated Spend Management Solution
Paylocity has launched “Paylocity for Finance,” expanding its modern HCM platform into the Office of the CFO by integrating Airbase’s award-winning spend management technology. This unified solution enables organizations to manage payroll a
NewsManpowerGroup Reports 2nd Quarter 2025 Results
Revenues of $4.5 billion (flat as reported, -3% constant currency (CC), -1% organic CC) Latin America and Asia Pacific continued to experience good demand while demand in Europe and North America saw stabilizing trends in many mark
Product NewsSalary.com Launches Elevate to Transform Pay and Career Conversations Between Employers and Employees
New Portal Provides a Secure, Centralized Hub for Job Description Management, Pay Communications, and Career Pathing to Align HR, Employees, Managers, and Executives WALTHAM, Mass., July 16, 2025 - Salary.com , the global leader in compensa
HotNewsJob Boards Are Dying—AI Is Becoming the New Hiring Front Door
In July 2025, Japanese HR services giant Recruit Holdings announced a sweeping reorganization of its HR technology division, cutting approximately 1,300 jobs , or 6% of the department’s global workforce. The restructuring directly impacts i
NewsTorch Acquires AI Learning Company Praxis Labs to Redefine Coaching as a Catalyst for Organizational Change
Torch, a contextual coaching platform, has acquired Praxis Labs, an AI-powered learning platform known for its research-backed simulations, skill assessments, and AI coaching. This strategic acquisition aims to bridge the persistent gap bet
Company NewsPapaya Global and Worksome Partner to Transform the $2 Trillion Contingent Workforce Market for Enterprise Clients
Papaya Global and Worksome have formed a strategic partnership to transform how enterprises manage and pay their contingent workforce. As freelancers and contractors now make up 40% of the global labor market, this integration combines Papa
Venture CapitalEudia Acquires Johnson Hana to Build World's First AI-Augmented Human Workforce
Eudia has acquired Johnson Hana to create the world’s first AI-augmented human workforce focused on legal services. By combining Eudia’s agentic AI platform with Johnson Hana’s elite legal consultants, the company pioneers a new model where
NewsLightcast Acquires Rhetorik to Expand Global People, Company, and Labor Market Intelligence
Lightcast , a global labor market intelligence leader, has acquired UK-based Rhetorik to significantly enhance its data capabilities. This strategic acquisition brings together Lightcast’s demand-side labor insights with Rhetorik’s supply-s
Venture CapitalWorkleap Acquires Barley to Unite Performance and Compensation in One AI-Powered HR Platform
Workleap , a Montreal-based HR technology leader, announced on July 7, 2025 the acquisition of Barley , an end-to-end compensation management platform. By integrating Barley into its AI-powered Workleap Suite—already used by over 20,000 com
Venture CapitalLumApps and Beekeeper Merge to Form $1B+ AI Employee Hub for the Future of Work
LumApps and Beekeeper , two founder-led leaders in workplace technology, are merging in a Bridgepoint-backed deal that values the combined company at over $1 billion . The new entity will serve 7 million users across 2,000+ organizations ,
Venture Capitalzvoove Acquires mywage to Expand into UK with AI-Powered Payroll Platform
zvoove , a European leader in cloud solutions for the staffing and service industries, has announced its acquisition of mywage , a UK-based HR and payroll SaaS provider. This strategic move expands zvoove's presence into the UK — the third-
Venture CapitalCA-based Wisq Raises $15M to Accelerate Human-Centric AI for HR
Wisq has raised a $15 million round from Norwest, Shasta Ventures, and True Ventures to accelerate the rise of Agentic HR—where AI supports, rather than replaces, the human side of HR. With its purpose-built AI HR Generalist “Harper” and pr
NewsCoAdvantage and PrimePay Merge to Create a Comprehensive HCM Powerhouse
CoAdvantage, a leading Professional Employer Organization (PEO), has successfully merged with PrimePay, a well-established payroll and HR software provider. Backed by private equity firm Aquiline, the combined entity aims to offer a more co
Product NewsCoachHub Announces Official Rollout of AIMY™, Empowering the Global Workforce with an AI-driven Coaching Solution Accessible to Employees of All Levels
CoachHub has officially launched AIMY™, its AI-powered coaching solution now available to all clients. Rooted in behavioral science and built on a foundation of real coaching frameworks, AIMY™ delivers continuous, personalized guidance—voic
Venture CapitalEnrich Layer Acquires HR Signal® to Integrate Market-Leading Workforce Insights Engine™ into their Data Platform
Enrich Layer , a leading provider of unified B2B data enrichment APIs, has acquired HR Signal®, an AI-driven predictive workforce analytics platform known for its proprietary Workforce Insights Engine™. This strategic acquisition aims to ex
Venture CapitalAI-Native Platform Niural Secures $31M to Automate Payroll and Global Ops
Niural, an AI-native global PEO platform, has raised $31 million in Series A funding to reinvent financial operations for modern CFOs. By combining proprietary infrastructure with executional AI agent EMMA, Niural transforms traditional pay
Company NewsEnd of an Era: Zen JV Files for Bankruptcy, Marking the Final Chapter for CareerBuilder and Monster
Zen JV, LLC, the parent entity behind well-known recruitment brands like CareerBuilder and Monster Worldwide, has filed for Chapter 11 bankruptcy in the District of Delaware. The filing includes ten affiliated entities and initiates a forma
Venture CapitalSan Francisco-Based VoiceCare AI Secures $4.54M to Automate Complex Healthcare Conversations
Voicecare AI , a healthcare-focused agentic AI startup, has raised $4.54 million in a seed round led by Caduceus Capital Partners, with participation from Mayo Clinic and others. The San Francisco-based company is pioneering healthcare admi
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