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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Wingspan Raises $24M Series B in New York to Scale Embedded Contractor Payroll Platform for the $1.4T Flexible Workforce Market
Wingspan , a modern contractor payroll platform, has raised $24 million in Series B funding led by Touring Capital, bringing its total funding to $54 million. The funding will support the rollout of Wingspan Embed—an API-first contractor ma
Company NewsJulius AI Raises $10M to Democratize Data Analysis With AI Agents
Julius AI has raised $10 million in funding led by Bessemer Venture Partners, Y Combinator, and other notable investors to democratize AI-powered data analysis. The platform allows non-technical users to analyze data, generate visualization
Company NewsKforce Posts $334M Q2 Revenue, EPS Up 31% QoQ Despite Demand Constraints
Kforce Inc. reported Q2 2025 revenue of $334.3 million and diluted EPS of $0.59, representing a sequential increase amid ongoing macroeconomic uncertainty. Technology and Finance & Accounting (FA) Flex segments both saw modest growth from Q
Product NewsLeena AI Announces the Launch of Voice-Enabled, Agentic AI Colleagues to Revolutionize Employee Centricity and Enterprise Productivity
Leena AI has launched voice-enabled Agentic AI colleagues to revolutionize employee support and workplace productivity. These AI agents use natural voice interactions to assist employees across HR, IT, Sales, Finance, and more—anytime, anyw
Venture CapitalSan Francisco-Based CandorIQ Raises $4.8M Seed Round to Reinvent Compensation and Workforce Planning with AI
CandorIQ , an AI-powered compensation and workforce planning platform based in San Francisco, has raised $4.8 million in seed funding led by Array Ventures with participation from Y Combinator, CRV, and Switch Ventures. The platform helps H
Product NewsPaylocity Advances One Unified HCM and Finance Platform with Launch of Integrated Spend Management Solution
Paylocity has launched “Paylocity for Finance,” expanding its modern HCM platform into the Office of the CFO by integrating Airbase’s award-winning spend management technology. This unified solution enables organizations to manage payroll a
HotNewsJob Boards Are Dying—AI Is Becoming the New Hiring Front Door
In July 2025, Japanese HR services giant Recruit Holdings announced a sweeping reorganization of its HR technology division, cutting approximately 1,300 jobs , or 6% of the department’s global workforce. The restructuring directly impacts i
Venture CapitalAI-Native Platform Niural Secures $31M to Automate Payroll and Global Ops
Niural, an AI-native global PEO platform, has raised $31 million in Series A funding to reinvent financial operations for modern CFOs. By combining proprietary infrastructure with executional AI agent EMMA, Niural transforms traditional pay
Company NewsWorkday Achieves Top AI Certifications, Reinforcing Commitment to Responsible AI
Workday has achieved two significant AI certifications: ISO 42001 and alignment with the NIST AI Risk Management Framework. These accreditations demonstrate Workday’s commitment to responsible and ethical AI practices, offering customers gr
Venture Capitalai.work Launches from Stealth with $10M Seed to Build Autonomous AI Employees for Enterprises
Tel Aviv- and New York-based startup ai.work has emerged from stealth with a $10 million seed round led by A * and lool ventures , unveiling a new AI Worker platform built to automate internal enterprise operations. Founded by Maor Ezer an
Company NewsWorkday Announces New AI Agent Partner Network and Agent Gateway to Power the Next Generation of Human and Digital Workforces
Workday has unveiled the Agent Partner Network and Agent Gateway at DevCon 2025, introducing a transformative shift in workforce management by integrating AI agents into the enterprise ecosystem. With partners like AWS, Microsoft, Google Cl
Product NewseTip Launches Debit Payroll Card to Modernize Tipped Wage Access
eTip, a leading digital tipping platform for hospitality and service sectors, has launched a new no-fee VISA debit payroll card that allows instant access to tips and wages. The card, available in both physical and virtual formats, is desig
Product NewsWorkday Unveils Next Generation of Illuminate Agents to Transform HR and Finance Operations
Workday introduces new Illuminate Agents, a suite of advanced AI tools designed to revolutionize HR and financial operations. These agents automate key processes including contingent hiring, contract negotiations, accounting documentation,
Company NewsTrueBlue Board of Directors Unanimously Rejects Unsolicited Proposal from HireQuest
On May 13, 2025, TrueBlue Inc. (NYSE: TBI), a leading workforce solutions provider, publicly announced its Board of Directors has unanimously rejected an unsolicited acquisition proposal from HireQuest, Inc. The all-stock offer of $7.50 per
Company NewsOutdated HR Systems Cost Government $1 Billion Annually, New Workday Report Shows
PLEASANTON, Calif. , May 12, 2025 -- A new report from Workday, Inc . (NASDAQ: WDAY ), the AI platform for managing peopl e , money , and agents , reveals that outdated federal human resources systems are costing taxpayers nearly $1
Product NewsDarwinbox Becomes First HCM Platform Globally to Launch Its Own Model Context Protocol (MCP) Server
Darwinbox has become the first global Human Capital Management (HCM) platform to launch its own Model Context Protocol (MCP) Server, marking a major leap toward enabling secure, intelligent collaboration between AI agents and enterprise sys
Venture CapitalRippling Raises $450M in Series G, Valuation Soars to $16.8B as YC Becomes a Customer
Rippling has raised $450M in a Series G round, boosting its valuation to $16.8B. The round includes investors like Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator. A $200M tender offer accompanies
Company NewsFiverr Announces First Quarter 2025 Results
Fiverr (NYSE: FVRR) delivered a strong start to 2025 with Q1 revenue of $107.2 million, up 14.6% year-over-year, and Adjusted EBITDA of $19.4 million, beating the midpoint of prior guidance. The company saw rapid growth in services revenue,
Venture CapitalSan Francisco-Based TeamOhana Expands Funding to Launch AI Agents for Finance, HR, and Talent Collaboration
TeamOhana, a strategic headcount management platform, has secured $7.5 million in seed funding, bringing its total funding to over $11.5 million. The company plans to expand its AI-driven "Agentic AI" workforce planning platform, which acts
Company NewsPapaya Global Announces CFO, CPO, and Key Executive Appointments to Drive Innovation and Expansion
Papaya Global , a leading workforce payroll and payments platform, has announced significant leadership changes to bolster its global expansion. Erez Simha joins as CFO, bringing vast IPO and M&A expertise, while Amit Levi is promoted to CP
Venture CapitalIntuit to Acquire HR Platform GoCo to Build End-to-End HR Suite for SMBs
Intuit has announced its agreement to acquire GoCo, an HR and benefits platform focused on small and mid-market businesses. This strategic acquisition aims to transform Intuit’s Payroll into a full Human Capital Management (HCM) solution by
Venture CapitalCheckr Expands into Employment Verification with Acquisition of Truework
Checkr has announced its acquisition of Truework , a major player in income and employment verification. This strategic move allows Checkr to expand beyond background checks into the multi-billion dollar employment verification industry. Tr
Venture CapitalNYC Startup Ropes Secures $3.1M to Expand Role-Specific Skill Evaluations
Ropes , a New York-based AI hiring startup, has raised $3.1 million in seed funding led by GSV Ventures to expand its innovative platform that assesses technical candidates based on real-world simulations. Unlike traditional tests or biased
Product NewsWorkday 2025 Spring Release: 350+ New Features, Updates, and AI Enhancements to Streamline HR and Finance Processes for Customers Around the World
Workday has unveiled its 2025 Spring Release, introducing over 350 new features and updates designed to streamline HR and finance operations. This update integrates AI innovations across recruiting, workforce management, and financial proce
Venture CapitalServiceNow to extend leading agentic AI to every employee for every corner of the business with acquisition of Moveworks
ServiceNow has signed a definitive agreement to acquire Moveworks, combining ServiceNow’s agentic AI and automation strengths with Moveworks’ front-end AI assistant and enterprise search capabilities. This move aims to deliver powerful AI-d
Company NewsFirst HR AI Success Metrics Beyond "Saving Time" Emerge from Josh Bersin Company Analysis
The Josh Bersin Company has released a new analysis highlighting AI’s impact in HR, moving beyond the conventional focus on time-saving benefits. The study, based on SAP HR AI engagements, reveals concrete advantages such as a 95% accelerat
ColumnWorkday Reports $8.446B Revenue in FY2025, Subscription Growth Hits 16.9%
Workday reported robust financial results for fiscal 2025, highlighting significant year-over-year growth in both total and subscription revenues. Fourth quarter total revenues reached $2.211 billion, up 15%, while subscription revenues ros
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 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
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