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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300TriNet'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 NewsA.Team Launches "Team Formation AI" to Hire Specialized Tech Talent in Minutes -- Not Months
A.Team has introduced Team Formation AI, a generative AI platform that allows corporate leaders to quickly assemble elite tech teams from a network of over 11,000 vetted product builders. Designed to streamline hiring and supercharge innova
Venture CapitalToptal Acquires Growth Collective: A New Era in Freelance Marketing
Toptal , the world's largest fully remote workforce, launched Toptal Marketing at Cannes Lions 2024, expanding its services to include world-class marketing talent. This launch is complemented by Toptal's acquisition of Growth Collective, a
Company NewsWorkday Peakon Employee Voice Named Employee Engagement Solution of the Year by RemoteTech Breakthrough
Workday, Inc. announced that its Workday Peakon Employee Voice has been named the Employee Engagement Solution of the Year by RemoteTech Breakthrough. This recognition highlights the platform's ability to provide real-time, confidential fee
Venture CapitalCadana Secures $7.4 Million to Enable Seamless, Compliant Payroll Services in Emerging Markets for Global Hiring Platforms
Cadana , a pioneering global payroll technology company, has secured $7.4 million in funding to enhance its services in emerging markets. Specializing in seamless and compliant payroll solutions, Cadana's APIs and white-label products are d
EarningsTriNet Announces First Quarter 2024 Results
TriNet Group, Inc. reported its Q1 2024 financial results, highlighting a modest revenue increase to $1.3 billion and a 4% growth in professional service revenues. Despite challenging economic conditions, the company achieved a net income o
Venture CapitalToptal Expands Leadership in Custom Software Development with Acquisition of VironIT.com
Toptal , the world's largest fully remote workforce, has strategically acquired the assets and brand of VironIT.com, a specialist in custom software and IT consulting. This acquisition enhances Toptal's software development capabilities, pa
ColumnWorkday Hiring Trends Report: The “Big Stay” Is Poised to Become the “Big Leave”
Metrics from Workday customers indicate the hiring slowdown may be coming to an end. We explore how that impacts organizations’ talent strategies and why that makes “retaining” the new “recruiting.” Trends in hiring reflect more than the st
Company NewsWorkday Announces Completion of HiredScore Acquisition: A New Chapter in AI-Driven Talent Solutions
Workday has finalized its acquisition of HiredScore, a leader in AI-driven talent solutions, marking a significant advancement in HR technology. This merger enhances Workday's suite of talent acquisition and mobility services by incorporati
Company NewsVoiceitt puts its AI to work, making the remote workplace inclusive
Voiceitt , an Israel-based innovator in speech recognition technology, partners with Virtualahan, a Philippine organization focused on training and employing people with disabilities. Together, they aim to tackle the global challenge of dis
HR TechnologyBirth of the First AI Engineer: How Devin is Redefining the Software Industry
In the cutting-edge realm of artificial intelligence and software development, a revolutionary milestone has been reached with the introduction of Devin, the world's first fully autonomous AI software engineer. Created by the innovative min
Venture CapitalTeamspective Secures €900K Pre-Seed Funding in Finland: Elevating Employee Engagement with Cutting-Edge HRTech Solutions
Teamspective , a Finnish employee engagement startup, has secured €900,000 in pre-seed funding to enhance organizational health and team performance through data-driven insights. Utilizing AI to analyze employee engagement data, Teamspectiv
Venture CapitalRemotePass Transforms the Future of Work: Secures $5.5M to Expand Global HR Solutions
RemotePass , an HR and fintech startup, has raised $5.5 million in Series A funding, surpassing a total of $10 million in capital. This investment will further develop its platform, which assists companies in onboarding, managing, paying, a
Venture CapitalElevating Employee Health: Vitrue Health's $4M Boost for Advanced MSK Digital Platforms
Vitrue Health , a London-based digital platform focusing on musculoskeletal (MSK) health for workplaces, has secured $4M in funding, increasing their total to $7M. Led by MC Ventures and Hambro Perks, the investment will fuel expansion in t
Venture CapitalDeel Amplifies Global HR Capabilities with Strategic Acquisition of German Tech Company Zavvy
Deel has acquired Zavvy, a Munich-based startup specializing in AI-driven people development. This move marks a significant consolidation in the HR services sector, aimed at improving unit economics and providing comprehensive solutions. De
Company NewsHireRight Launches Virtual I-9 Solution
HireRight Holdings Corporation introduces its Virtual I-9 Service, a revolutionary solution allowing employers to remotely verify candidates' identity and employment authorization documents through live video calls. This service, developed
Venture CapitalAtlas: The Argentine Startup Revolutionizing Global Contractor Benefits with $2.75 Million in Seed Extension Funding
Karen Serfaty, Gianina Rossi, and Josefina Van Thienen, engineers from Argentina, identified a common issue for contractors working for U.S.-based companies—managing taxes and receiving payments in non-local currency. To address these chall
Company NewsTriNet Triumphs in Fiscal 2023: Hits $4.9 Billion Revenue and Launches Quarterly Dividend
TriNet Group, Inc., a leading provider of comprehensive human capital management solutions for SMBs, reported a 2% increase in total revenues to $1.2 billion for Q4 2023 and a 1% rise to $4.9 billion for the fiscal year. Earnings per share
Venture CapitalHuler Gains Additional £1.5 Million Investment from MEIF and Mercia Ventures
Huler , a worktech company, has secured an additional £1.5 million Seed Follow On investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia Ventures. This investment, part of the Midlands Engine Investment Fund, will s
Company NewsFlexJobs Announces Top 100 Companies to Watch for Remote Jobs in 2024
The FlexJobs 2024 report highlights the top 100 companies leading in remote job opportunities. Emphasizing the continued growth and appeal of telecommuting, this comprehensive list showcases companies across diverse industries. It reflects
Venture CapitalContactMonkey secures $55M in Series A funding, led by Updata Partners
ContactMonkey, an innovative internal email communications platform, has recently secured a significant $55 million in Series A funding from Updata Partners. This investment comes at a crucial time when employee engagement is increasingly v
Product NewsEase Learning and Freedom Learning Group Announce Merger, Position for Growth
Freedom Learning Group and Ease Learning, both pioneers in e-learning, have announced their strategic merger. This significant consolidation aims to enhance the capabilities of both companies, notably in creating high-quality, skills-based
Venture CapitalFrench Startup Indy Clinches $44 Million in Series-C to Streamline Tax and Paperwork for Freelancers
Indy, a leading provider of an all-in-one application for independents, has successfully raised 40 million euros in a Series-C funding round led by BlackFin Capital Partners, La Maison, and iXO. This significant investment will enhance Indy
Venture CapitalOfficeRnD Secures Investment from Blue Star Innovation Partners: What's Next for Flexible Workspaces?
OfficeRnD Announces Strategic Partnership with Blue Star Innovation Partners, Aiming to Transform the Coworking and Hybrid Work Industries Today marks a significant milestone for OfficeRnD, a leading provider of workspace management solutio
Company NewsOyster Announces 30% Role Reduction in Major Reorganization
In a recent announcement that has sent ripples through the tech industry, Oyster's CEO Tony Jamous revealed a significant company-wide reorganization. The restructuring will result in a 30% reduction in roles across the board. This move com
Company NewsSurveySparrow Launches New Employee Success Platform to Transform Workplace
PALO ALTO, Calif., August 31, 2023 - SurveySparrow , the world's first chat survey software, today announced the launch of ThriveSparrow , a product solely dedicated to empowering organizations to improve their employee experience processes
Venture CapitalSan Francisco-based HRTech Firm Confirm Secures $6.2M in Series A to Revolutionize Performance Reviews
In a move that underscores the growing need for data-driven and unbiased performance reviews, Confirm has successfully raised $6.2 million in Series A funding. The round, led by Spero Ventures and featuring participation from SHRMLabs and o
FundingHappeo Raises US$26 Million in Series B Funding to Solve Information Chaos
Amsterdam, Thursday 7th July 2022 – Happeo , the intranet platform for fast-moving companies, has raised US$26 million in a Series B funding round led by Endeit Capital, Smartfin and Evli Growth Partners. Happeo’s earlier investors Inkef,
NewsUSCIS's New Form I-9 and Remote Verification Rule Effective August 1: A Significant Step Towards Digital Transformation in Employment Verification
This is a significant development that reflects the ongoing shift towards remote work and digital processes in the wake of the COVID-19 pandemic. The ability to conduct remote documentation and verification will likely streamline the hiring
Venture CapitalGushwork.ai Secures $2.1M in Pre-Seed Funding to Reinvent Business Process Outsourcing
Gushwork.ai, an AI-powered platform designed to help enterprises outsource complex operational workflows, has secured $2.1M in pre-seed funding. The round was led by Lightspeed and saw participation from B Capital, Sparrow Capital, Seaborne
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