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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Global Coffee Giant Transforms Store Staffing, Increases Efficiency by 65% with AI-Powered UKG Technology
Costa Coffee, a renowned global coffee chain, has significantly enhanced its store staffing efficiency by 65% through the adoption of UKG's AI-powered technology. This strategic move allows Costa Coffee to optimize labor allocation and make
Venture CapitalInclusively's Game-Changing $13M Series A Funding for Workplace Revolution
In a groundbreaking move, Inclusively has raised $13 million in Series A funding to enhance its revolutionary workplace personalization tool, Retain. Designed to address the diverse and evolving needs of modern employees, Retain integrates
Venture CapitalOmaha's Workshop Secures $12M: A New Era for Internal Communication
Redefining Internal Communication: Workshop 's $12M Series A Triumph" In an era where effective internal communication is pivotal, Workshop, an Omaha-based startup, has emerged as a game-changer. Securing a significant $12 million in Series
Company NewsThe Josh Bersin Company Unveils Galileo™--The World's First AI-Powered Expert Assistant for HR Professionals
The Josh Bersin Company has unveiled Galileo™, a groundbreaking AI-powered expert assistant tailored for HR professionals. This innovative tool leverages 25 years of comprehensive research, data, and insights from the company, enabling HR l
Product NewsRemote Talent: Revolutionizing the Way We Connect with Global Workforces
Remote, a leader in managing globally distributed workforces, has launched a new marketplace, Remote Talent, to bridge the gap between employers and job seekers. Integrated with Remote’s global HR platform, this marketplace caters to both r
Company News3 Ways Workforce Management Software Reduces Labor Costs
The article discusses the rising labor costs, especially for organizations employing hourly and frontline workers, amidst increased operating expenses, supply chain disruptions, and labor shortages. A strategic approach to workforce managem
Product NewsADP and Convera Announce Strategic Collaboration Offering End-to-End Payroll and Payments Solutions
ADP, a global leader in human capital management solutions, and Convera, a prominent B2B payments Fintech, announced a strategic collaboration on November 14, 2023. This partnership aims to provide ADP clients with a comprehensive end-to-en
Company NewsUKG Aspire 2023: Caring for Your People Leads to Better Business Outcomes
Every person deserves to work at a great workplace. That was the resounding message this week at UKG Aspire in Las Vegas, where more than 5,000 UKG customers, partners, employees, and HR industry thought leaders and influencers gathered to
Venture CapitalEngagedly's Strategic Takeover of theEMPLOYEEapp Enhances Deskless Workforce Connectivity and Growth
Engagedly has strategically acquired theEMPLOYEEapp to revolutionize how companies communicate with their deskless workers. By harnessing AI-powered talent management, this move aims to streamline internal communications, bolster remote eng
EarningsFiverr Announces Third Quarter 2023 Results
Delivered strong results for Q3’23. Our focus and execution across our core marketplace and Fiverr Business Solutions allowed us to deliver revenue and Adjusted EBITDA at the high end of our guidance. Improving Adjusted EBITDA margins for
EarningsZipRecruiter Announces Third Quarter 2023 Results
Quarterly revenue of $155.6 million Net income of $24.1 million, or net income margin of 15% Adjusted EBITDA of $54.4 million, or Adjusted EBITDA margin of 35% SANTA MONICA, Calif. ZipRecruiter ® , a leading online employment marketplace,
Venture CapitalEarnBetter's AI Revolution: Landing $4.5 Million to Transform Job Searches
EarnBetter , a pioneering AI technology company, announces the launch of its AI job search assistant alongside securing a $4.5 million seed round investment. The platform, backed by prominent investors like Andreessen Horowitz, revolutioniz
EarningsSterling Reports Third Quarter 2023 Results Continued Execution Towards 2023 Goals and Long-Term Strategy
NDEPENDENCE, Ohio, Nov. 08, 2023 Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) a leading global provider of technology-enabled background and identity verification services, today announced financial results for the thi
Venture CapitalEnable Powers Up with $120M Series D Funding to Revolutionize Rebate Management
Enable has secured a substantial $120M in Series D funding, placing its valuation at $1.12B, as it continues to revolutionize rebate management in the global supply chain. Emphasizing the simplicity and strategic importance of rebates, Enab
Product NewsSilkRoad Evolves to Rival: A New Era in AI-Driven Talent Acquisition
SilkRoad Technology has rebranded to Rival, launching Rival Recruit, an AI-powered talent acquisition suite with over 700M passive candidates. This suite enables efficient collaboration for hiring teams, offering features like analytics, AI
Product NewsSalary.com Acquires CompXL, The Enterprise Compensation Planning Leader
Salary.com, a leading provider of compensation management software and data solutions, has expanded its offerings by acquiring HCR Software. This move integrates CompXL's incentive compensation planning software into Salary.com's existing s
Venture CapitalSA recruiting startup JOBJACK raised $2.5 M to support initiatives to reduce unemployment
South African recruitment startup JOBJACK has raised ZAR45 million (US$2.5 million) in pre-Series A funding to help it change the narrative of entry-level recruitment in the country. Founded in 2018 by Christiaan van den Berg and Heine Bell
Product NewsEchoSpan Secures $25.7 Million Jury Award in Trade Secret Theft Lawsuit Against Rival Medallia
On November 1, 2023, following an extensive legal battle, a jury in the United States District Court for the Northern District of California found Medallia liable for trade secret misappropriation against EchoSpan, a leading provider of emp
EarningsPaylocity Announces First Quarter Fiscal Year 2024 Financial Results
Q 1 2024 Recurring & Other Revenue of $291.7 million, up 19% year-over-year Q 1 2024 Total Revenue of $317.6 million, up 25% year-over-year SCHAUMBURG, Ill., Nov. 02, 2023 Paylocity Holding Corporation (Nasdaq: PCTY), a le
Venture CapitalEmpowering the Workforce: Nowsta's $35M Series C to Transform Contingent Hiring
Nowsta, a leading technology firm shaping the gig workforce's operating systems, has announced a substantial $35 million in Series C funding. This financial boost is in stride with the unveiling of Nowsta Staffing Labs, a groundbreaking ini
Venture CapitalSan Diego-based Payroll Integrations Secures $20M in Series A: A Deep Dive into the Future of Employee Financial Wellness
San Diego-based startup, Payroll Integrations, has successfully raised $20 million in a Series A funding round. The company, founded by Doug Sabella and Andrew Hallengren, specializes in providing a unique integration platform-as-a-service
Product NewsERE Media and Talent Board Sign Definitive Merger Agreement to Form New ERE CandE Benchmark Research Program
The CandE Benchmark Research Program helps companies measure and understand their candidate experience and improve their recruiting efforts. ERE Media to Merge With Talent Board SAN FRANCISCO , Nov. 1, 2023 Talent Board, a non-profit orga
Venture Capital1up Secures $2.5 Million to Revolutionize Knowledge Automation in Sales
1up has successfully raised $2.5 million in funding from investors like 8-Bit Capital and RRE Ventures to advance its Knowledge Automation Platform. The platform is designed to automate knowledge for sales teams, enabling them to answer com
Product NewsLinkedIn Introduces New AI-powered Premium Experience
LinkedIn introduced a new AI-powered Premium experience, enhancing personalization in each interaction. This upgrade offers deeper insights into critical topics and personalized career suggestions. It leverages AI to analyze feed posts for
Company NewsCreative Talent Endeavors launches AI-powered 'Fairantee™' algorithm to inject transparency into executive search pricing
Fairantee™ breaks the traditional pricing model of recruiting search firms and allows clients to understand what goes into what they pay CHARLOTTE, NC - October 31, 2023 - Creative Talent Endeavors (CTE), a retained executive search and HR
Venture CapitalWork Shield raises $6 million from Ballast Point Ventures
Work Shield, a Dallas-based incident management technology firm, has secured a $6 million investment from Ballast Point Ventures. This strategic move aims to bolster Work Shield's comprehensive solution for reporting, investigating, and res
Venture CapitalLondon-based Spotted Zebra's £7.7M Funding: A Leap Towards Skills-Centric Workforce Management
London-based Spotted Zebra, a pioneering skills-based workforce management platform, has successfully raised £7.7M in a Series A funding round. With a vision to address the global skills-gap crisis, the company aims to align individuals wit
Venture CapitalShakers Lands €6M in Seed Funding: A Milestone for Madrid's HRtech Scene
Shakers, a Madrid-based HRtech startup, has successfully raised €6 million in a Seed funding round aimed at simplifying team building and enhancing collaboration between companies and freelancers. The startup focuses on several key areas in
Venture CapitalEspresa Raises $23 Million Series A Funding to Transform Personal Benefits for Global Workplaces
Espresa has successfully secured $23 million in Series A funding led by Clear Ventures, marking a significant milestone in the HR tech space. The funding aims to accelerate the expansion of Espresa's LSA Plus™ platform, a revolutionary pers
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
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