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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Deel Is Acquiring Payroll Company PaySpace
Deel, a global payroll and HR company, has announced its acquisition of PaySpace, an African-based payroll and HR company, enhancing its position as a market leader in global payroll and expanding its infrastructure. This acquisition, along
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 CapitalMOONHUB Raises $1.4 Million for Their VR Training Solutions
MOONHUB, an innovative VR training solutions provider, has successfully raised $1.4 million, bringing its total funding to $4.5 million. Founded in 2016, MOONHUB specializes in immersive, on-the-job training, enhancing learning efficiency a
Venture CapitalClasp Secures $1.5 Million in Seed Funding to Revolutionize Employee Benefits Management
Clasp has been launched with a $1.5M funding round led by Base10 Partners, aiming to revolutionize the employee benefits sector by offering an API-driven infrastructure service. Co-founded by Amar Jasarbasic and Zach Zhang, Clasp seeks to a
EarningsThe Adecco Group: Q4 & FULL YEAR 2023 RESULTS
In 2023, Adecco Group demonstrated strategic resilience, achieving a 3% organic revenue growth amidst challenging conditions, culminating in a record €23,957 million annual revenue. The fourth quarter showed notable performance with a 1% or
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
Venture CapitalRevolutionizing Global Equity Management: Slice Secures $7M in Seed Funding to Expand AI-Driven Compliance Platform
Startup Slice Global Ltd., specializing in global equity management, has raised $7M in seed funding to enhance its AI-driven compliance platform. The round was led by TLV Partners, with contributions from various investors and law firms. Sl
Venture CapitalCoverdash – Leading Embedded Business Insurance Agency for Startups and SMBs – Announces $13.5M in Series A Funding
Coverdash, a leading embedded insurtech for startups and SMBs, announced a $13.5M Series A funding, raising total capital to $16M. The funding, led by Nyca Partners, will enhance its embedded partner network and insurance offerings. Coverda
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
Venture CapitalTech Is Human Announces $2.5 Million in New Funding to Tackle Thorny Tech & Society Issues and Expand the Responsible Tech Ecosystem
All Tech Is Human (ATIH) has successfully secured $2.5 million in funding from multiple prominent foundations, including Oak Foundation and Mozilla Foundation, to address complex technology and society issues and foster a comprehensive Resp
Venture CapitalIntenseye Secures Record-breaking $64M Series B to Advance Its Mission of Transforming Workplace Safety With AI
Intenseye , an AI-powered workplace safety leader, has raised $64 million in Series B funding, marking the largest investment in the sector. The company is recognized for its innovative technology that proactively identifies workplace hazar
Venture CapitalWorkday Announces Intent to Acquire HiredScore
Workday, Inc. has announced the acquisition of HiredScore, a leading provider of AI-powered talent orchestration solutions. This acquisition aims to merge Workday's Talent Management and Skills Cloud with HiredScore's solutions to offer a c
ColumnWorkday Announces Fiscal 2024 Fourth Quarter and Full Year Financial Results
Workday, Inc. announced its fiscal 2024 fourth quarter and full-year results, revealing significant growth. The company reported a 17% year-over-year increase in total revenues for the fourth quarter, reaching $1.9 billion, with subscript
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 CapitalY Combinator Alum Axle Health Raises $4.2M to Scale Its Home Health Care Software Platform
Axle Health , a Y Combinator alum, has successfully raised $4.2M in seed funding to expand its innovative home health care software platform, bringing its total funding to $4.4M. The investment, led by Pear VC and followed by TRAC VC, will
Company NewsDocebo Reports Fourth Quarter and Fiscal Year 2023 Results
Docebo Inc., a leader in AI-driven learning platforms, announced its Q4 and fiscal year 2023 financial results, showcasing significant growth. With a 28% increase in subscription revenue to $46.5 million and a total revenue rise of 27% to $
EarningsZipRecruiter's 2023 Financial Triumph: Achieving $49 Million Net Income and $175 Million Adjusted EBITDA in a Challenging Market
ZipRecruiter, a leading online employment marketplace, announced its financial outcomes for Q4 and the entirety of 2023, highlighting resilience amidst a sluggish hiring environment. The company reported a net income of $49 million and an A
Venture CapitalBridging the Gap: HelloHive Secures $3.4M Series A to Empower Underrepresented Job Seekers
HelloHive, securing a $3.4 million Series A funding, is spearheading a revolution in the hiring process by emphasizing talent and potential over traditional metrics like education and past employment. Founded by Byron Slosar, HelloHive aims
Company NewsBeekeeper Sees Continued Momentum in Frontline Industries, Helping more than 1,300 Organizations Solve the Frontline Disconnect with Digital Solutions
Beekeeper , a leading provider of digital solutions for deskless workers, continues to make significant strides in connecting frontline workers across various industries including hospitality, healthcare, construction, and manufacturing. Wi
EarningsFiverr Announces Fourth Quarter and Full Year 2023 Results
Fiverr International Ltd. reported robust financial performance for 2023, exceeding its set targets for revenue and Adjusted EBITDA. The company's strategic focus on AI integration and expanding its complex service offerings significantly c
Venture CapitalEmpowerly secures $15M for its college counseling services
Empowerly, an edtech startup focusing on college counseling and career guidance, has secured $15 million in funding led by Conductive Ventures, totaling $30 million raised to date. This investment will enhance its AI-driven services and dev
Venture CapitalArcher Acquires Compliance.ai to Drive AI-Powered Regulatory Compliance and Risk Management
Archer , a leader in integrated risk management solutions, announced the acquisition of Compliance.ai , which specializes in AI-driven regulatory change management. This strategic move will enhance Archer's offerings, allowing clients to ut
Venture CapitalDili Raises $3.6M from Top Investors to Automate VC Due Diligence with AI Innovation, Celebrates Y Combinator Heritage
Dili , co-founded by former Coinbase team members, aims to revolutionize the due diligence and portfolio management process for private equity and VC firms through AI automation. With $3.6 million in venture funding, Dili leverages generati
ColumnWorkday:Using AI to Empower an Augmented Workforce
This article explores the concept of an augmented workforce, where artificial intelligence (AI) and human collaboration enhance productivity and innovation across industries. It emphasizes the importance of integrating AI with a human-centr
Venture CapitalHireRight Embarks on a New Chapter: $1.65 Billion Acquisition by Leading Investment Giants
HireRight Holdings Corporation, a leader in global background screening services and workforce solutions, has announced its acquisition by investment funds affiliated with General Atlantic and Stone Point Capital. This strategic move, value
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
Company NewsTriNet Announces Retirement of Burton M. Goldfield and Appoints Mike Simonds President and CEO
TriNet, a leading HR solutions provider for SMBs, announces the retirement of CEO Burton M. Goldfield and the appointment of Mike Simonds as the new President and CEO. Goldfield led TriNet through significant growth, including a successful
EarningsKelly Services Inc (KELYA) Reports Q4 Earnings: Adjusted EBITDA Margin Expands Amidst Flat Revenue
Kelly Services Inc (KELYA) announced its Q4 financial results, highlighting stability with flat revenue at $1.2 billion and significant improvements in profitability. Operating earnings surged by 59% to $7.3 million, and net earnings showed
Product NewsBoost Employee Happiness with AI: BambooHR Unveils Cutting-Edge eNPS Insights
BambooHR introduces an innovative AI-powered feature to its cloud-based HR platform, aiming to revolutionize how companies gauge and improve employee satisfaction. The new AI Topic Summaries for eNPS enable efficient analysis of employee fe
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