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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Robert Half Surpasses Expectations with Protiviti's Strong Q3 Performance
Robert Half Inc. reported its third-quarter 2024 financial results, showing revenues of $1.465 billion and net income of $65 million, with earnings per share at $0.64. This reflects a decline compared to Q3 2023, where revenues reached $1.5
Product NewsCornerstone Introduces AI-Powered Virtual Companions
Cornerstone OnDemand Inc. , has introduced Immerse Companion, a generative AI-powered solution designed to enhance personalized learning, coaching, and expert-led skill-building in real-time. Unveiled at UNLEASH World 2024, Immerse Companio
Venture CapitalJet HR Raises €12M in Seed Funding to Revolutionize Payroll Automation in Italy
Jet HR , an Italian startup, has secured €12 million in Seed funding, bringing its total funding to €16.7 million. Founded by Marco Ogliengo and Francesco Scalambrino, Jet HR aims to simplify payroll and HR processes for businesses in Italy
Venture CapitalWrapbook Secures $20 Million in Funding, Valued at $750 Million: Transforming Production Finance with Innovative Solutions
Wrapbook , a leader in production finance and accounting for the entertainment industry, has secured a $20 million investment from Bessemer Venture Partners, bringing its valuation to $750 million. This investment goes beyond financial grow
Venture CapitalParis-Based Jump Raises €11M Series A to Provide Freelancers with Full-Time Benefits
Paris-based Jump has raised €11 million in a Series A funding round led by Breega, with Index Ventures and RAISE Seed For Good also participating. Jump provides freelancers with the benefits of full-time employment, including social protect
Venture CapitalEmpower Acquires OptionTrax to Deliver Integrated Equity Compensation Solutions
Empower , a leading retirement and wealth management provider, has acquired Plan Management Corporation (PMC), the company behind OptionTrax ® , a comprehensive digital equity compensation platform. This acquisition will enhance Empower’s s
Product NewsSpring Health Introduces First Manager Solution to Provide Leaders with Personalized Mental Health Support
Spring Health has launched a groundbreaking manager experience solution within its platform, aimed at supporting workplace leaders by providing essential resources for mental health and leadership development. This comprehensive offering in
Venture CapitalWorkday Signs Definitive Agreement to Acquire Evisort
Workday , a leading enterprise platform for managing human resources and financial data, has announced the acquisition of Evisort , an AI-native document intelligence platform. This acquisition aims to enhance Workday's capabilities in surf
Venture Capital11xAI Raises $24 Million Series A Led by Benchmark to Revolutionize Digital Workforce with AI Agents
11xAI has raised $24 million in Series A funding led by Benchmark to accelerate the development of AI-powered digital workers and expand globally. Addressing the fragmented Go-to-Market (GTM) tools landscape, 11xAI offers AI agents like Ali
Company NewsDeloitte Academies Debuts With the Purpose of Helping Organizations Future-proof Leadership Capabilities and Workforce Skills
Deloitte has launched Deloitte Academies, a comprehensive suite of learning experiences designed to develop vital skills for the future workforce, including high-demand areas such as AI, sustainability, and product innovation, as well as en
Venture CapitalRen Systems Secures $3.5M to Revolutionize Deal-Making with AI-Powered Insights
Ren Systems has secured a $3.5 million financing round led by JLL Spark Global Ventures, with participation from Camber Creek, ZoomInfo, and Contour Ventures, to enhance its AI-powered relationship intelligence technology. Ren, designed for
NewsUKG Eases Burden on Small HR Team in Managing Complex Payroll, Compliance, and People Practices
UKG Ready® is transforming workforce management at the Associated Students of California State University, Chico, a student-led auxiliary that operates university services like cafeterias and childcare centers. By leveraging the all-in-one
Company NewsMployer Launches Insights+ The Industry's First Employee Benefits Rating
Mployer, a leading provider of employee benefits ratings and analytics, has launched Insights+, an innovative tool that allows employers, employees, and brokers to rate their benefit plans against similar companies. This free solution offer
Venture CapitalOyster Raises $59M Series D to Democratize Access to Global Job Opportunities
Oyster® ,a leading global employment platform, has secured $59M in Series D funding led by Silver Lake Waterman. This investment will accelerate Oyster's roadmap, enhance compliance capabilities, and expand its suite of services including g
Product NewsAon Advances Data and Analytics Capabilities for Human Capital Clients with Launch of Integrated Radford McLagan Compensation Database
Aon plc has unveiled its Radford McLagan Compensation Database, a comprehensive platform that integrates the company's extensive compensation and talent insights across various sectors including financial services, life sciences, and t
Venture CapitalNYC-Based Thera Secures $4M Seed Funding to Revolutionize Global Payroll and Payments
Thera , a New York City-based payroll and payments platform, has secured $4 million in seed funding, led by Y Combinator and other prominent investors. Founded by former Amazon engineer Akhil Reddy, Thera aims to simplify global payroll man
Product NewsThe Josh Bersin Company Launches HR Career Navigator: The World's First AI-Powered Development Coach for HR Professionals
The Josh Bersin Company has launched the HR Career Navigator™, the world’s first AI-powered development coach specifically designed for HR professionals. This platform leverages over 25 years of research combined with Eightfold’s Talent Int
Product NewsDayforce Launches AI-Driven Learning Platform to Transform Employee Development
Dayforce , Inc. has launched a new Dayforce Learning experience designed to modernize employee learning and development. This platform integrates AI-driven capabilities and an intuitive user interface within Dayforce's mobile-first HCM plat
HotNewsNational Advertising Division Finds Certain Deel Payroll and HRIS Claims Supported; Recommends Others be Modified or Discontinued
The National Advertising Division (NAD) of BBB National Programs reviewed advertising claims made by Deel, Inc. regarding its Payroll and Human Resource Information System (HRIS) in response to a challenge from competitor Rippling. While NA
Company NewsFirst Advantage Posts Solid Q2 2024 Results; Anticipates Sterling Acquisition Closure by Q4
First Advantage Corporation reported second quarter 2024 results, showing revenue of $184.5 million and a net income of $1.9 million, which includes $9.2 million in expenses related to the acquisition of Sterling Check Corp. Adjusted net in
Company NewsUpwork Shatters Financial Records with $22.2M Net Income in Q2 2024
Upwork Inc. (Nasdaq: UPWK), reported its financial results for Q2 2024, showcasing a robust performance with a record GAAP net income of $22.2 million and a 15% year-over-year revenue growth to $193.1 million. The company achieved a dilute
Venture CapitalZipRecruiter Acquires People-Powered Job Comparison Site Breakroom
ZipRecruiter has acquired Breakroom, a UK-based employer review platform focused on frontline industries. ZipRecruiter plans to launch Breakroom in the U.S., providing job seekers with transparent insights on pay, work conditions, and cultu
Company NewsAdecco Group Reports Resilient Q2 2024 Performance Amid Market Challenges
The Adecco Group reported a Q2 2024 revenue of €5.84 billion , down 2% on an organic and trading days adjusted basis, reflecting market challenges. Despite a 5% drop in gross profit, cost savings measures helped maintain a stable EBITA marg
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
Paylocity announced strong financial results for Q4 and FY 2024, with notable increases in revenue and profitability. Q4 2024 saw a 16% rise in total revenue to $357.3 million and a 15% rise in recurring revenue to $324.7 million. For FY 20
Venture CapitalWhen Announces $4.6 Million in Seed Funding to Transform the Employee Offboarding Experience
When, an AI-powered offboarding solution, has raised $4.6 million in a Seed funding round led by B Capital, bringing its total funding to $7 million. The funding will be used to expand When's AI-powered health insurance marketplace and grow
Venture CapitalWorkJam Announces $20 Million Investment from Export Development Canada to Expand International Operations
WorkJam , a global leader in digital frontline workplace solutions, has secured a $20 million investment from Export Development Canada to accelerate its growth in the EMEA region. This funding will support WorkJam's efforts to equip hourly
EarningsDayforce Q2 2024: Strong Growth and Exciting Future with $500M Share Repurchase
Dayforce Inc ., a leader in human capital management technology, reported strong financial results for Q2 2024, with recurring revenue up 20% and total revenue up 16%. Operating cash flow increased by 16% year-to-date, leading to a $500 mil
Venture CapitalPassionfruit Closes $9m Series A Funding to Scale its Platform for Independent Work
Passionfruit , a London-based start-up founded in 2022, has secured $9 million in Series-A funding from prominent investors, including Seaya, Firstminute, and Playfair Capital. The platform connects freelance workers with companies such as
Product NewsGreenhouse's Summer 2024 Release: Revolutionizing Hiring with AI and Real-Time Data
Greenhouse, a leading hiring platform, announced its Summer 2024 product release featuring new tools to optimize the hiring process and reduce bias. Key updates include Pave Market Data integrated with Greenhouse Offer Data for comprehensiv
Product NewsFiverr Shows Its Transformation From a Services Marketplace to a Hiring Platform With Its 2024 Summer Product Release
Fiverr is expanding its platform from a services marketplace to a comprehensive hiring solution with its new summer product release. This includes deeper AI integration with Fiverr Neo, a new professions catalog, hourly rate options, and sa
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