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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300AI-Powered Hiring: Perfect Secures $23M to Redefine Recruitment Efficiency
Perfect , an AI-driven recruitment platform, has secured $23M in Seed funding to revolutionize the hiring process through agentic AI. By automating candidate sourcing, interview scheduling, and job matching, Perfect reduces time-to-hire by
Venture CapitalAI-Driven Hiring Platform Mercor Secures $100M Series B, Reaching $2B Valuation Amid Rapid Growth
Mercor , an AI-driven recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B funding round, valuing the company at $2 billion. Led by Felicis, with participation from Benchmark, General Catalyst
Venture CapitalTalent Intelligence Leader Loxo Raises $115M to Revolutionize AI Recruiting with Tritium Partners Investment
Loxo , a leading AI-powered talent intelligence platform, has secured a $115 million growth investment led by private equity firm Tritium Partners . This funding will accelerate AI and product development , further solidifying Loxo's positi
EarningsFiverr Reports 13% Q4 Revenue Growth, Unveils AI and Freelancer Equity Initiatives
Fiverr delivered an exceptional 2024 performance, closing the year with double-digit revenue growth and a 20% Adjusted EBITDA margin in Q4. Despite a decline in marketplace revenue and active buyers, the company saw significant gains in ser
Venture CapitalHiBob Acquires Mosaic for $35 Million to Integrate HR and Financial Planning
HiBob has announced its acquisition of Mosaic , a leading Financial Planning and Analysis (FP&A) platform, to bridge the gap between HR and finance for mid-sized businesses. This integration will empower companies with real-time insights
Company NewsUpwork Reports Fourth Quarter and Full Year 2024 Financial Results
Upwork reported record-breaking financial results for Q4 2024 and the full year 2024 , achieving all-time highs in revenue ($769.3M, up 12%) , GAAP net income ($215.6M, up 360%) , and adjusted EBITDA ($167.6M, up 129%) . The company also sa
Company NewsPaycom Software, Inc. Reports Fourth Quarter and Year-End 2024 Results
aycom Software, Inc. (NYSE: PAYC) reported strong financial results for Q4 and full-year 2024. The company achieved $1.88 billion in annual revenue, up 11% year-over-year , with a GAAP net income of $502 million (27% of total revenues). Adj
Company NewsRecruit Holdings Reports Q3 FY2024 Earnings: Revenue Rises 3.5% to JPY 896.9 Billion (USD 5.83 Billion), Driven by HR Technology Growth
Recruit Holdings , posted a 3.5% year-over-year revenue increase for Q3 FY2024, totaling JPY 896.9 billion (USD 5.83 billion). Operating income surged 28.2%, while adjusted EBITDA climbed 13.5%. The company highlighted stabilization in the
Venture CapitalConverzAI Secures $16M Series A to Transform Recruitment with AI-Powered Virtual Recruiters
Seattle-based ConverzAI has raised a $16M Series A funding round led by Menlo Ventures , with participation from Left Lane Capital, Foundation Capital, and Afore Capital . The company specializes in AI-powered virtual recruiters , automatin
Company NewsThe Next Generation of Workforce Management is Here--Workday Unveils New Agent System of Record
Workday has introduced the Agent System of Record, a new AI-powered platform designed to help businesses manage their growing fleet of AI agents. This centralized system enables organizations to govern, track, and optimize both Workday and
Venture CapitalPhenom Acquires EDGE to Enhance Workforce Intelligence for Professional Services, IT Services, and Global Capability Centers
Phenom , an AI-driven HR technology leader, has acquired EDGE , a top resource management and talent mobility platform. This move enhances Phenom’s Intelligent Talent Experience platform with advanced resource planning capabilities, caterin
Company NewsDHI Group Reports 2024 Fourth Quarter and Full Year Financial Results
DHI Group, Inc. (NYSE: DHX) reported a 7% decline in total revenue for both Q4 2024 and full-year 2024. ClearanceJobs revenue grew by 7% in Q4 and 8% for the full year , while Dice revenue fell by 14% for both periods. Net income for Q4 202
Company NewsPaycor Reports 13% Revenue Growth in Q2 FY 2025, Announces $4.1B Acquisition by Paychex
Paycor HCM, Inc. (Nasdaq: PYCR) reported a 13% YoY revenue increase to $180.4 million in Q2 FY 2025, alongside improved operating margins. The company's adjusted operating income grew 36% to $31.8 million , while net loss significantly narr
Venture CapitalConversational AI Leader Paradox Acquires People Analytics Platform Eqtble to Advance AI Vision
Paradox , a leader in conversational AI for talent acquisition, has acquired people analytics platform Eqtble . The acquisition aims to enhance AI-driven hiring intelligence by integrating Eqtble's expertise in workforce analytics with Para
Company NewsDayforce Reports $1.76B in Revenue for 2024, Driving HR Tech Growth
Dayforce , a leading human capital management (HCM) technology provider, reported strong financial results for Q4 and FY 2024, with total revenue reaching $1.76 billion (up 16.3% YoY) and recurring revenue climbing to $1.34 billion (up 20.6
Company NewsNationally Acclaimed Government Organization Creates Flexible, Empowering Workforce Experience with UKG
Western DuPage Special Recreation Association (WDSRA), a government organization offering inclusive programs for individuals with special needs, has implemented the UKG Ready suite to streamline HR, payroll, and workforce management. By ado
Company NewsKforce Reports Fourth Quarter 2024 Revenue of $343.8 Million; Full Year 2024 EPS of $2.68 Per Share; Board of Directors Approves Increase in Quarterly Dividend for Sixth Consecutive Yea
Kforce Inc. (NYSE: KFRC) reported Q4 2024 revenue of $343.8 million , a 5.4% YoY decline , with a full-year 2024 revenue of $1.41 billion , down 7.4% YoY . Despite a stabilized demand for technology services, earnings per share (EPS) fell
Venture CapitalSquarePeg Raises $3.5M to Revolutionize AI-Driven Recruiting for Lean HR Teams
SquarePeg has raised a $3.5 million seed round led by Next Frontier Capital, with participation from Acadian Ventures, Bread & Butter Ventures, and Silicon Road Ventures, to refine its AI-driven candidate evaluation platform. Designed for m
Venture CapitalADP acquires Procesamiento Externo de Información, S.C. (PEI) in Mexico
ADP (Nasdaq: ADP) has acquired Procesamiento Externo de Información, S.C. ( PEI ), a Mexico-based payroll solutions provider. This acquisition strengthens ADP’s global presence in Latin America by integrating PEI’s domestic expertise with A
Venture CapitalFinal Round AI Secures $6.88M in Oversubscribed Seed Funding to Transform the Job Search Journey
Final Round AI has raised an oversubscribed $6.88 million seed funding round, led by Uncork Capital and supported by investors like HF0, Linear Capital, and Sky9 Capital. The company is redefining job searches with its Interview Copilot ,
Company NewsManpowerGroup Reports 4th Quarter 2024 Results
ManpowerGroup (NYSE: MAN) reported Q4 2024 revenues of $4.4 billion, marking a 5% YoY decline (-3% in constant currency). The company recorded net earnings of $22.5 million, or $0.47 per diluted share, reversing a $84.5 million net loss in
Company NewsWorkday to Roll Out TechWolf's AI-Powered Skills Intelligence Across its Workforce, Making it Easier for Employees to Drive their Career Growth
Workday has announced the integration of TechWolf ’s AI-powered skills intelligence into its global workforce, benefiting over 20,400 employees. This partnership aims to enhance Workday’s existing skills framework by automating skills ident
Product NewsPaylocity Launches New Recruiting Features to Transform High-Volume Hiring
Paylocity has announced new features in its Recruiting platform to address the challenges of high-volume hiring, particularly in industries like retail and hospitality. These enhancements include streamlined recruiter scheduling, candidate
Venture CapitalWorkera Announces Strategic Investment from Accenture
Workera has announced a strategic investment and collaboration with Accenture, integrating Workera's AI-powered skills intelligence platform into Accenture's LearnVantage. This partnership aims to advance the adoption of skills-first strate
Venture CapitalMaki Secures $28.6M to Revolutionize Talent Acquisition with Conversational AI
Maki , a leader in conversational AI for HR, has secured $28.6 million in Series A funding to redefine how organizations approach talent acquisition. With rapid growth in 2024 and large-scale partnerships with Fortune 500 companies, Maki’s
Company Newsbeqom Appoints Lars Pedersen as CEO
beqom, a global leader in compensation management, embarks on an exciting new chapter as Lars Pedersen assumes the role of CEO, succeeding co-founder Fabio Ronga. With a strong foundation established under Ronga's leadership, including sign
Product NewsHR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job
HR Signal® has unveiled Lookalikes™, an AI-driven sourcing platform that redefines how recruiters discover and engage talent. By leveraging proprietary technology, Lookalikes™ allows recruiters to build candidate Archetypes, identify top ma
Venture CapitalHolly Secures $2.2M to Solve Million-Job Vacancy Crisis in Government Workforce
Holly, an AI-powered GovTech platform, has secured $2.2 million in pre-seed funding to address the million-job vacancy crisis in the government workforce. By modernizing outdated hiring systems, Holly accelerates recruitment for 24 million
Venture CapitalHR Path Acquires IntSys Solutions, Strengthening Its Workday Expertise and Expanding Presence in Northern Ireland
HR Path , a global leader in HR consulting and HRIS solutions, has strategically acquired Northern Ireland-based IntSys Solutions, renowned for its Workday expertise and innovative HR services. This acquisition enhances HR Path's Workday ca
Venture CapitalPaychex Acquires Paycor HCM for $4.1 Billion: A Game-Changer in HR Technology
Paychex, Inc. has agreed to acquire Paycor HCM, Inc. in a $4.1 billion all-cash transaction, marking a significant milestone in the HCM software industry. Apax Partners, Paycor's majority stakeholder since 2018, has been instrumental in dri
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