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Venture Capital

Legion Technologies Secures $50M: AI-Powered Workforce Management on the Rise

Legion Technologies has secured $50 million in financing from Silicon Valley Bank, rounding out a $100 million funding round in 2024 and bringing its total funding to $195 million. Known for its AI-native, employee-centric workforce managem

Dec 12, 2024
Venture Capital

AI-Powered Recruitment Platform Pin Launches Out of Stealth With $3 Million to Cut Hiring Time by 70%

Pin , an innovative AI-powered recruitment platform, emerges from stealth mode with a $3 million seed funding led by Expa Ventures. By automating the most time-consuming hiring tasks, Pin reduces time-to-hire by 70%, offering businesses a f

Dec 12, 2024
Product News

Remote Unveils AI-Powered Recruit AI to Tackle Global Hiring Challenges

Remote has unveiled Recruit AI , a groundbreaking AI-driven hiring solution designed to tackle the complexities of global recruitment. With "Matches," an intelligent candidate matching tool, the platform identifies top talent worldwide by a

Dec 9, 2024
Company News

UKG Unveils Bryte AI Agents and Capabilities to Transform Employee Experiences for the UKG Pro HCM suite

UKG has introduced UKG Bryte™ AI Agents within its Pro HCM suite, leveraging advanced AI like Large Action Models to automate complex processes and enhance workplace experiences. These agents, focusing initially on compliance and talent man

Nov 13, 2024
Venture Capital

Bluespine Raises $7.2 Million in Seed Funding to Help Self-Insured Employers Tackle Medical Overbilling

Bluespine , an AI-powered claims cost reduction platform, has raised $7.2 million in seed funding led by Team8. Targeting medical overbilling, a significant contributor to the $300 billion healthcare fraud, waste, and abuse crisis, Bluespin

Nov 13, 2024
Venture Capital

Oyster’s Specialized Global Employment Platform Attracts New Funding From ServiceNow Ventures

Oyster, a leading global employment platform, recently secured new funding from ServiceNow Ventures, enhancing its ability to support cross-border hiring and simplify complex global employment needs. This latest investment, part of Oyster’s

Nov 11, 2024
Earnings

HireQuest Reports Q3 Growth: Franchise Royalties Increase to $9M, Adjusted Net Income Rises 29%

HireQuest , Inc., a national franchisor of staffing services, reported its Q3 2024 financials, showing slight growth in key revenue streams despite market challenges. Franchise royalties grew by 0.9% to $9.0 million from $8.9 million in the

Nov 8, 2024
Company News

Docebo Posts $55.4M Revenue in Q3 2024, Driven by 21% Growth in Subscription Revenue

Docebo reported strong third-quarter 2024 results, showcasing a 19% year-over-year revenue increase, primarily driven by subscription growth which constituted 95% of its total revenue. The company recorded a net income of $5 million and adj

Nov 8, 2024
Venture Capital

Craftt Closed $2M Seed to Offer Universal Benefits with Future of Work Decentralized Platform

Craftt, a decentralized platform targeting the modern workforce, has raised $2 million in seed funding led by Superscrypt with participation from DCG and prominent angel investors. Built for independent workers, Craftt aims to provide unive

Nov 7, 2024
Company News

ZipRecruiter Resilient Amid Hiring Slowdown with $117.1M Q3 Revenue and Share Repurchase Boost

ZipRecruiter has released its third-quarter 2024 financial results, reporting $117.1 million in revenue but a net loss of $2.6 million. Despite hiring challenges, CEO Ian Siegel reaffirms the company's confidence in the U.S. labor market an

Nov 6, 2024
Product News

empinfo's Verification-as-a-Service (VaaS) Platform for Verifying Employment and Income is Now Available Online

EmpInfo has launched its Verifications-as-a-Service (VaaS) platform online, enabling credentialed verifiers to access nationwide employment and income records seamlessly. With its combination of "Instant" and "On-Demand Verifications," the

Nov 1, 2024
Venture Capital

EQT Acquires Leading SaaS Talent Solutions Provider PageUp to Accelerate Global Expansion and Product Innovation

EQT, a global investment organization, has acquired PageUp, an Australian SaaS leader in talent acquisition and management, from Battery Ventures. This move aims to leverage EQT's expertise to accelerate PageUp's international expansion and

Oct 31, 2024
Company News

Dayforce Reports Impressive Q3 2024 Results: $440 Million in Total Revenue, 19% Growth in Recurring Revenue

Dayforce, a global leader in human capital management technology, reported strong financial performance for Q3 2024, with a notable increase in total revenue to $440.0 million, up 17% year-over-year. Recurring revenue from the Dayforce plat

Oct 30, 2024
Product News

SAP SuccessFactors Second Half 2024 Product Release: Embedding AI Across SAP SuccessFactors HCM

The SAP SuccessFactors 2H 2024 release brings over 250 innovative features, including 30 new AI capabilities designed to transform HR management. Key updates include enhanced AI-driven job recommendations, skills architecture creation, and

Oct 28, 2024
Product News

empinfo Launches Industry-First Solution to Automate Employment Letter Generation for International Employees

empinfo, a leader in employment verification solutions, has introduced a new automated employment letter generation feature aimed at global HR operations. This industry-first solution, integrated into empinfo's platform, allows employers to

Oct 25, 2024
Earnings

TriNet’s Q3 2024 Results: Strong Retention Despite Profit Challenges

TriNet, a leading provider of HR solutions for SMBs, reported its Q3 2024 financial results. Total revenues grew by 1%, reaching $1.2 billion, while net income declined to $45 million from $94 million year-over-year, reflecting increased he

Oct 25, 2024
Venture Capital

OLOID Gains Momentum with $6M Series A1 Funding and Completes Workday Certified Integration, Driving Expansion in Workplace Identity Solutions

OLOID, a pioneer in workplace identity management, has raised $6 million in a Series A1 funding round, led by Yaletown Partners and other strategic investors. This funding will further OLOID’s growth in providing passwordless access and ide

Oct 24, 2024
Product News

Everee Launches Flex Suite to Simplify Payroll for Staffing, Gig Apps, and Other Flexible Workforces

Everee has launched Flex Suite, a comprehensive payroll solution tailored for staffing and gig economy businesses. Designed for complex workforce arrangements, Flex Suite simplifies payroll processes, automates compliance, and provides cust

Oct 23, 2024
Earnings

Robert 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

Oct 22, 2024
Venture Capital

ADP Acquires WorkForce Software

ADP , a leader in human capital management solutions, has announced its acquisition of WorkForce Software, a company specializing in workforce management for large global enterprises. This strategic move enhances ADP's global workforce mana

Oct 15, 2024
Venture Capital

Zeal Raises $15M to Revolutionize Payroll for the Gig and Modern Workforce

Zeal , a leading payroll platform for modern workforces, has secured $15 million in a Series B funding round led by Portage, with contributions from Spark Capital and Commerce Ventures. This funding will drive innovations in payroll automat

Oct 10, 2024
Product News

Rival Announces Rival Workflow: A Scalable Solution for Automation Across the Employee Experience

Rival has launched Rival Workflow, the latest iteration of its renowned Redcarpet technology, designed to streamline the employee experience across the entire HR lifecycle, from onboarding to offboarding. The platform offers customizable wo

Oct 3, 2024
Column

Paychex, Inc. Reports Solid First Quarter Results

Paychex, Inc. reported solid financial results for the first quarter of fiscal 2025, with a 3% increase in total revenue, reaching $1.3 billion. Adjusted diluted earnings per share rose by 2%, despite challenges such as the expiration of th

Oct 2, 2024
Venture Capital

OutSolve Expands Compliance Offerings with Strategic Acquisition of Labor Law Center

OutSolve has acquired Labor Law Center, marking its sixteenth strategic expansion. This acquisition strengthens OutSolve’s comprehensive suite of employment compliance services by adding Labor Law Center's expertise in labor law posters and

Oct 1, 2024
Product News

Workstream Launches First All-in-One Payroll Solution for the Hourly Workforce

Workstream has launched an all-in-one payroll solution tailored specifically for businesses that employ hourly workers, such as QSR franchisees and restaurants. This new offering addresses critical needs identified in a survey of 250 HR lea

Sep 30, 2024
Venture Capital

Jet 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

Sep 26, 2024
Venture Capital

Wrapbook 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

Sep 25, 2024
Product News

PrimePay Introduces New People Analytics to Drive Business Outcomes

PrimePay has launched PrimePay Analytics, a groundbreaking people analytics platform designed to help businesses drive growth, retention, and profitability by leveraging workforce, performance, and financial data. The platform aims to close

Sep 24, 2024
Product News

Eightfold AI Launches Talent Design: Transforming HR with Gen AI

Eightfold AI has introduced Eightfold Talent Design , an AI-powered solution aimed at transforming how organizations manage and develop their workforce's skills. With the rapid evolution of job roles and emerging critical skills, traditiona

Sep 24, 2024
Venture Capital

Arya Health Secures $4M to Lead AI-Powered Workforce Automation in Healthcare

Arya Health , a healthcare workforce automation platform, announced the closing of a $4 million seed funding round led by Twelve Below. This funding will help Arya Health expand its AI-driven workforce management tools, which include automa

Sep 24, 2024
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