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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Oracle NetSuite Supercharges the Suite with Expansion of Generative AI Capabilities
Oracle NetSuite has expanded its generative AI capabilities within its suite, introducing NetSuite Text Enhance to foster improved productivity and efficiency across various domains including finance, supply chain, sales, marketing, and cus
Venture CapitalBrightside Health Raises $33M in Series C to Expand Telemental Health Services Nationwide
Brightside Health, a provider of teletherapy services for depression, anxiety, and other mood disorders, has successfully raised $33 million in Series C funding. The round was led by S32 and included both existing and new investors such as
Company NewsWorkForce Software Receives Additional Industry Awards for Top HR Software Company of 2024 and Top Workforce Management Provider
WorkForce Software is named a Top 25 HR Software Company in 2024 by The Software Report and a Top Workforce Management Brand by DHRmap for improving employee management at leading global companies, delivering rapid ROI on workforce technolo
Venture CapitalCloverleaf Secures $7.3 Million Series A Extension Led by Advantage Capital
Cloverleaf , a leader in automated coaching technology, has announced a $7.3 million Series A extension led by Advantage Capital. The investment boosts Cloverleaf’s total funding to $20 million, fueling its mission to maximize employee tale
Venture CapitalJob Mobz Acquires Before You Apply to Revolutionize Job Search Experience
Job Mobz, a leader in recruitment solutions, has acquired Before You Apply (BYA) , a platform known for enhancing job search transparency and employer branding. This acquisition aims to transform the job search experience by offering deeper
Company NewsPrivacy Concerns Surge as Glassdoor Allegedly Adds Real Names to User Profiles Without Consent
The article reports concerns among Glassdoor users that their real names were added to their profiles without consent, potentially compromising anonymity. This issue surfaced when a user, Monica, noticed her full name and city on her profil
Venture CapitalBorderless AI Launches from Stealth with $27M Investment to Bring World's First AI Agent to HR Space
Borderless AI, an AI-powered startup, has emerged from stealth with a $27 million seed investment aimed at revolutionizing the HR industry. The company specializes in developing AI agents designed to automate and streamline the process of o
Company NewsAlight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion
Alight , Inc. announced the sale of its Payroll & Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, aiming to transform into a more focused employee wellbeing and benefits platform. This strategic move
Venture CapitalCulture Amp is acquiring people analytics platform Orgnostic
Culture Amp, the leading employee experience platform, has announced its intention to acquire Orgnostic, a people analytics company based in Belgrade. This acquisition aims to enrich Culture Amp's AI platform with Orgnostic's data engineeri
Company NewsUNLEASH America 2024: America’s premier HR conference and expo
UNLEASH America to feature more than 200 speakers, including Earvin “Magic” Johnson, across 14 stages and summits, where HR, learning, AI, innovation and inspiration intersect LONDON & LAS VEGAS-- UNLEASH , a global digital media and events
Venture CapitalLMS365 Acquires Pioneering HR Technology Platform Valuebeat to Elevate Workplace Culture and Employee Engagement with Real-Time Human Data and Machine Learning
LMS365 , an AI-powered learning, engagement, and performance platform integrated with Microsoft 365, has acquired Valuebeat, a startup focused on enhancing company culture and employee values through data-driven insights. This acquisition s
Company NewsWorkday Adaptive Planning and Consolidation Delivers Efficiency, Agility, and Ease of Use to Finance Organizations
Workday introduces "Workday Adaptive Planning and Consolidation," a new Enterprise Performance Management (EPM) solution enhancing finance organization efficiency. This innovative product integrates Workday Adaptive Planning's agile plannin
Venture CapitalServiceNow Announces Acquisitions of 4Industry and EY Smart Daily Management Application to Drive Innovation for Smart Industrial Environments and Connected Workers
ServiceNow, a leader in digital workflows, has announced the acquisition of 4Industry and Smart Daily Management from EY, bolstering its operational technology management capabilities. This strategic move enhances ServiceNow's offerings wit
Venture CapitalVivup and Perkbox to Combine, Creating a World-Class, All-in-One Employee Wellbeing, Benefits and Engagement Platform
Vivup and Perkbox, leaders in employee wellbeing and benefits, have announced a merger with strategic investment from Great Hill Partners. This collaboration aims to create a top-tier platform for employee benefits and engagement, enhancing
Product NewsOracle Adds New Generative AI Capabilities to Oracle Fusion Cloud Applications Suite
Oracle announced new generative AI capabilities within the Oracle Fusion Cloud Applications Suite, enhancing decision-making and employee/customer experiences across various domains such as finance, supply chain, HR, and marketing. These ca
Product NewsFingercheck Launches PaisleyHR, Its New PEO Product to Help Small Businesses Grow With Confidence
A recent NAPEO report revealed that 81% of SMBs without a PEO solution express newfound interest. The data underscores the significant impact PEOs have on small- to medium-sized businesses today. Fingercheck's venture into PEO services furt
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
Product NewsSapia.ai Unveils SAIGE™: A world-first Gen AI-powered conversational intelligence engine for talent management
Sapia.ai has launched SAIGE™, an innovative generative AI model transforming global workforce management. By leveraging a unique large language model developed over six years, SAIGE™ conducts blind chat interviews to evaluate candidates, of
Product NewsChartHop Introduces Flexible HRIS Built for the Entire Organization Featuring AI Insights
ChartHop introduces its innovative HRIS, integrated within its People Operations Platform, to centralize and streamline workforce management. This system empowers HR and finance teams with adaptable tools for analytics, workflow configurati
Product NewsOntop's New Employee Cost Calculator Empowers Global Companies to Save Big on Hiring Expenses
Ontop, a YCombinator-backed startup established in 2020, offers innovative Employee of Record (EOR) services designed to help global companies reduce hiring expenses significantly. With its latest tool, the employee cost calculator updated
Product NewsRedefining the Intranet for the Era of Hybrid Work: Announcing Cleary Journeys for Employee Onboarding and Lifecycle Management
Cleary introduces 'Cleary Journeys,' an innovative solution integrating onboarding and employee lifecycle management into its modern intranet platform, designed for distributed teams. This customizable, automated system aims to enhance HR,
Venture CapitalMilu Health Announces $4.8M Seed Round Led by a16z Bio + Health and Partners with Employers to Expand Employee Access to AI-driven Health Savings Platform
Milu Health , a health tech company, announced a $4.8 million seed round led by Andreessen Horowitz (a16z) Bio + Health, aiming to enhance healthcare affordability for employees through AI-driven strategies. The platform collaborates with e
Venture CapitalFijoya Raises 8.3M Seed Funding to Pioneer AI-Powered Platform for Employer-Sponsored Healthcare
Fijoya, an innovator in employer-sponsored healthcare, announced an $8.3M seed funding round led by Team8. This funding aims to expand Fijoya's platform, integrating AI to personalize health benefits, thereby simplifying employer and employ
Venture CapitalLettuce Financial Launches Solution to Democratize Accounting and Tax Services for Solopreneurs; Announces $6 Million in Seed Funding
Lettuce has launched a comprehensive solution targeting solopreneurs, offering accounting and tax services aimed at democratizing financial management in this sector. They have raised $6 million in seed funding led by Zeev Ventures to sup
Venture CapitalTava Health Raises $20 Million to Bridge the Gap in Mental Health Care with a Therapist-Centric Approach
Tava Health , a mental health platform, has raised $20 million in Series B funding led by Catalyst Investors. The investment will support product development, expansion of the provider network, and enhancement of partnerships with employers
Venture CapitalHR Solution Remofirst Raises $25 Million Series A Funding to Make it Affordable and Easy to Employ Global Remote Teams
Remofirst , a leading HR tech platform specializing in global employment and compliance solutions, has successfully raised $25 million in a Series A funding round. The funding was led by Octopus Ventures, with contributions from existing in
Product NewsVerve Motion Unveils Integrated Software and Data Analytics Platform to Elevate Industrial Worker Safety and Operations with its Wearable Robotics Exosuit
Verve Motion has launched a revolutionary software and data analytics platform, Verve Logic, which integrates with their SafeLift exosuit to improve industrial worker safety and operational efficiency. The platform analyzes data from sensor
Venture CapitalArgyle Secures $30M in Funding to Bolster Growth of the Payroll Connectivity Platform of the Future
Argyle , a leading provider of direct-source income and employment data, has closed a $30 million funding round, spearheaded by Rockefeller Asset Management’s Fintech Innovation Fund, with continued support from Bain Capital Ventures, Signa
Venture CapitalFirst Advantage to Acquire Background Check Company Sterling for $2.2 Billion in Cash and Stock
First Advantage Corporation has announced a definitive agreement to acquire Sterling Check Corp. for approximately $2.2 billion, inclusive of debt. The merger unites complementary technology and services in employment background screening a
Company NewsFirst Advantage Reports Full Year and Fourth Quarter 2023 Results
First Advantage Corporation reported its financial outcomes for 2023, highlighting a revenue of $763.8 million and a net income of $37.3 million. The adjusted EBITDA was $237.6 million. Despite a revenue decline from the previous year, the
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