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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Ema Secures $50M in Series A Funding to Revolutionize Workplace Efficiency with AI
Ema , a leading generative AI company, announced the increase of its Series A funding to $50M, bringing its total raised to $61M. The latest $36M addition was led by Accel and Section 32, with participation from several notable investors. E
Company NewsWorkday Transforms How Companies Hire and Manage Talent with New AI-Powered HR Solutions
Workday has announced the integration of HiredScore AI for Recruiting and Talent Mobility into its platform, aiming to boost recruiter productivity and streamline talent management. These AI enhancements will assist organizations in acceler
Venture CapitalWhen Announces $4.6 Million in Seed Funding to Transform the Employee Offboarding Experience
When, an AI-powered offboarding solution, has raised $4.6 million in a Seed funding round led by B Capital, bringing its total funding to $7 million. The funding will be used to expand When's AI-powered health insurance marketplace and grow
EarningsADP Reports Fourth Quarter and Fiscal 2024 Results; Provides Fiscal 2025 Outlook
ADP , a global leader in human capital management solutions, reported strong financial results for Q4 and fiscal 2024, with revenues increasing by 7% to $19.2 billion and net earnings rising by 10% to $3.8 billion. The company saw an 11% gr
Venture CapitalWorkJam Announces $20 Million Investment from Export Development Canada to Expand International Operations
WorkJam , a global leader in digital frontline workplace solutions, has secured a $20 million investment from Export Development Canada to accelerate its growth in the EMEA region. This funding will support WorkJam's efforts to equip hourly
EarningsDayforce Q2 2024: Strong Growth and Exciting Future with $500M Share Repurchase
Dayforce Inc ., a leader in human capital management technology, reported strong financial results for Q2 2024, with recurring revenue up 20% and total revenue up 16%. Operating cash flow increased by 16% year-to-date, leading to a $500 mil
Venture CapitalLightBay Capital Makes Strategic Investment in Questco, a National Leader in Outsourced HR Services
LightBay Capital has made a strategic investment in Questco, a leading professional employer organization (PEO) specializing in outsourced HR services. This partnership aims to support Questco’s growth through direct sales efforts, acquisit
Venture CapitalGigpro Secures $16M Series A Financing Round to Transform Hospitality Labor Market
Gigpro , a prominent on-demand labor marketplace for the hospitality industry, secured $16 million in Series A funding led by Foundry, with contributions from Stage 1 Ventures, Stage 2 Capital, and Detroit Venture Partners. This funding wil
Product NewsCangrade Launches Innovative Candidate Matching and Internal Talent Marketplace for Enhanced Recruitment and Employee Engagement
Cangrade has unveiled two groundbreaking products, Candidate Matching and Internal Talent Marketplace, designed to revolutionize recruitment efficiency and employee engagement. These AI-driven tools optimize talent acquisition and interna
Product NewsNetchex Unveils 'Insights' -- Transforming HCM Data Effortlessly into Actionable Stories for HR & Finance Teams
Netchex has launched 'Insights,' a data platform designed to simplify data analysis for HR and Finance professionals. This tool enables users to transform raw data into actionable insights without requiring technical expertise. 'Insights' f
Product NewsTalkpush Unveils Sam: The AI-Powered Voice Interviewer Transforming Recruitment
Talkpush has introduced Sam, an AI-powered voice interviewer that leverages generative AI, NLP, and machine learning to offer real-time, personalized interactions with job candidates. This innovative tool processes candidate profiles inst
EarningsTriNet's Q2 2024 Highlights: Revenue Growth, Strong Sales, and Positive Customer Retention
TriNet Group, Inc. reported its financial results for the second quarter of 2024, highlighting a 1% growth in total revenues to $1.2 billion and a 5% increase in professional service revenues to $186 million. The net income per diluted shar
Product NewsAya Healthcare Introduces LotusOne, a Complete Technology Platform to Manage External Labor and Optimize Employed Talent
Aya Healthcare , the largest healthcare talent software and staffing company in the U.S., has launched LotusOne, a comprehensive workforce optimization platform designed to enhance the management of external labor and the planning, sourcing
Company NewsSalesforce and Workday Form Strategic Partnership, Unveil New AI Employee Service Agent
Salesforce and Workday have announced a strategic partnership to develop an AI-powered employee service agent that enhances productivity, lowers costs, and improves employee experiences. By integrating Salesforce's CRM data with Workday's H
Venture CapitalPassionfruit Closes $9m Series A Funding to Scale its Platform for Independent Work
Passionfruit , a London-based start-up founded in 2022, has secured $9 million in Series-A funding from prominent investors, including Seaya, Firstminute, and Playfair Capital. The platform connects freelance workers with companies such as
Venture CapitalWorkstaff closes $1.6M CAD in seed funding for the next phase of its workforce management software
Workstaff , a Montreal-based provider of workforce management tools, has secured $1.6M CAD in seed financing from Impulsion PME and Anges Québec. This investment will facilitate Workstaff’s global expansion and enhance its platform, which a
Product NewsOracle Helps HR Teams Boost Employee Productivity and Drive Success
Oracle has introduced new user experience capabilities within Oracle Fusion Cloud Human Capital Management (HCM) , known as Oracle Activity Centers . These centers, designed with Oracle's Redwood user experience, are tailored for employees,
Product NewsFiverr Shows Its Transformation From a Services Marketplace to a Hiring Platform With Its 2024 Summer Product Release
Fiverr is expanding its platform from a services marketplace to a comprehensive hiring solution with its new summer product release. This includes deeper AI integration with Fiverr Neo, a new professions catalog, hourly rate options, and sa
Venture CapitalCultureAI Secures $10M to Transform Human Risk Management in Cybersecurity
CultureAI, a leading Human Risk Management Platform, secured $10 million in Series A funding led by Mercia Ventures and Smedvig Ventures, with continued support from Passion Capital and Senovo. Despite extensive investments in security trai
NewsDeel is acquiring Hofy
Fast-growing payroll provider Deel has acquired Hofy , a London-based company specializing in managing office equipment for remote hires. The acquisition, valued at over $100 million, marks Deel's third significant acquisition this year. Th
EarningsManpowerGroup Q2 2024: Navigating Challenges, Showcasing Resilience with $4.5B in Revenues
ManpowerGroup reported its Q2 2024 results, revealing a 7% year-over-year decline in revenues to $4.5 billion, affected by a challenging environment in North America and Europe, yet solid demand in Latin America and the Asia-Pacific. The co
Venture CapitalWorkerHero, Munich-Based Startup, Secures €4M in Series A Funding to Revolutionize Blue-Collar Recruitment with AI
WorkerHero , a Munich-based recruiting technology startup, recently secured €4 million in a Series A funding round led by Mediahuis, with participation from 10x Founders and Bonsai Partners. Founded in 2021, WorkerHero addresses the shortag
Product NewsMyDay™: The Future of Transparent Global Payroll Management by Safeguard Global Pay
Safeguard Global Pay has unveiled MyDay ™, a groundbreaking platform designed to revolutionize global payroll management. This innovative solution aims to eliminate the traditional 'black box' approach to payroll, offering a transparent and
Product NewsClearCompany Unveils Virtual Recruiter, an AI-Powered Chatbot Assistant for HR
ClearCompany has unveiled its latest innovation, the Virtual Recruiter, an AI-powered chatbot designed to enhance candidate engagement and recruitment efficiency. Available 24/7, the Virtual Recruiter assists job seekers with applications,
Venture CapitalBenchmark Analytics® Announces Strategic Growth Investment from PSG Equity
Benchmark Analytics , a leading SaaS-based analytics platform focused on improving law enforcement personnel management and officer wellness, has received a strategic growth investment from PSG Equity. This partnership aims to enhance and e
Venture CapitalHR Path Secures Historic €500 Million to Fuel Global Expansion and HR Innovations
HR Path , a global leader in HR consulting, has secured a record €500 million in financing from Ardian, a top private investment firm. This significant investment, the largest in the company's history, will propel HR Path's international gr
Venture CapitalMonster and CareerBuilder's Strategic Merger: Shaping the Future of Recruitment
Randstad, the world’s largest staffing firm, announced a merger between its Monster job board and CareerBuilder, a company owned by Apollo Funds. This union aims to enhance services for job seekers and employers by combining two well-known
Venture CapitalPhenom Acquires Tydy, Expanding Platform to Seamlessly Onboard Employees
Phenom has acquired Tydy, enhancing its Intelligent Talent Experience platform by incorporating Tydy's advanced preboarding and onboarding capabilities. This integration aims to create a seamless, efficient transition from hire to productiv
Venture CapitalTokyo's HR Tech Leader SmartHR Secures $140 Million Series E Funding
KKR and Teachers' Venture Growth (TVG) have announced a $140 million Series E investment in SmartHR , a leading cloud-native human resources management platform in Japan. This funding will drive SmartHR's growth, including new solution deve
Product NewsERIN Launches Cutting-Edge Employee Recognition Platform to Boost Employee Retention & Company Culture
ERIN has launched a cutting-edge Employee Recognition Platform designed to enhance employee retention and company culture. This innovative platform integrates peer-to-peer recognition, automated rewards, and gamification to create an engagi
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