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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Fora Launches Visionary Executive Relationship Management (ERM) Platform With $3.8 Million in Pre-Seed Funding
Fora has launched an Executive Relationship Management (ERM) platform, revolutionizing C-suite decision-making with advanced AI technology. Funded by $3.8 million in pre-seed investment, Fora offers a unique solution to the challenges faced
EarningsA $4.6 Billion Q4 for ManpowerGroup: Balancing Revenue Decline with Strategic Foresight
Revenues of $4.6 billion (-4% as reported, -5% constant currency) Continuation of challenging environment in North America and Europe during the quarter, solid demand in LATAM and APME Gross profit margin of 17.5%. Staffing margins re
Venture CapitalCompa's $10M Series A Funding Led by Storm Ventures: Pioneering the Future of Real-Time Compensation Data
Compa, a leading provider of real-time compensation market data, recently secured $10 million in Series A funding, led by Storm Ventures. This investment is a testament to Compa's innovative approach to compensation intelligence, which devi
Company NewsPaychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase
ROCHESTER, N.Y. Paychex, Inc ., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today announced a quarterly dividend of $.89 per share pay
Venture CapitalEmpowering the Workforce: weavix Raises $23.6M in Series B for AI-Enhanced Worker Connectivity
weavix , a Wichita-based technology firm, has announced a significant milestone in its growth journey by securing $23.6 million in Series B funding. This investment round, led by global software investor Insight Partners, with contributions
Product NewsPaychex, Inc. Reports Second Quarter and Mid-year Fiscal 2024 Results
Paychex , Inc.'s Fiscal 2024 mid-year report impresses with a 6% revenue increase to $1.2579B in Q2 and $2.5439B for 6 months. Operating income rose 7% to $506.2M in Q2, while diluted EPS soared 9% to $1.08. Growth driven by 4% rise in Mana
Product NewsAon’s $13.4 Billion Gamble: Acquiring NFP to Dominate the Middle Market
Expands Aon's presence in large and fast-growing middle-market segment, with opportunity to enhance distribution through the firm's Aon Business Services platform to deliver more value to clients Brings together two cultures with a shared c
Venture CapitalTuMeke Secures $10M in Series A from Intel Capital: Revolutionizing Ergonomic Safety in Manufacturing
TuMeke , an innovative company combining AI and ergonomics for workplace safety, recently secured $10M in Series A funding led by Intel Capital. The funds will support the expansion of TuMeke's expert team, dedicated to revolutionizing inju
ColumnADP Named Market Leader in Global Payroll by Everest Group, NelsonHall and Ventana Research
Three Major Industry Analyst Rankings Highlight ADP's Strengths in Geography, Technology, Customer Experience and Analytics ROSELAND, N.J. , Dec. 13, 2023 In three separate recent reports by leading industry analysts, ADP was recognized a
Venture CapitalCanadian AI-Powered Engagement Platform ThoughtExchange Lands $13.5M Equity Investment for Business Expansion
ThoughtExchange, a leading AI engagement and survey platform, recently secured a substantial $13.5M equity investment. This financial boost, led by InBC Investment Corp. along with various established investors, underlines the platform's in
Venture CapitalIndian SaaS Powerhouse ProHance Gains Major Investment from ChrysCapital
ProHance, a leading workplace analytics and operations management SaaS provider, announced a significant investment from ChrysCapital, a prominent Indian investment firm. This strategic move is set to accelerate ProHance's global expansion,
Company NewsWorkday Announces Fiscal 2024 Third Quarter Financial Results
·Fiscal Third Quarter Total Revenues of $1.87 Billion, Up 16.7% Year Over Year ·Subscription Revenues of $1.69 Billion, Up 18.1% Year Over Year ·12-Month Subscription Revenue Backlog of $6.05 Billion, Up 21.9% Year Over Year PLEASANTON, C
Venture CapitalAlto Neuroscience Secures $45M in Game-Changing Series C Round for Mental Health Breakthroughs
– New investors include InVivium Capital, Franklin Templeton, Point72, Eli Lilly and Company, and Alexandria Venture Investments – – Funds will be used to support ongoing and planned late-stage clinical development of CNS product candidates
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
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
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 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
Product NewsRadancy Acquires Brazen, Adding Award-Winning Hiring Event Capabilities to the End-to-End Radancy Talent Acquisition Cloud
Radancy, a global leader in talent acquisition software, has acquired Brazen to enhance its Talent Acquisition Cloud with award-winning hiring event technology. This acquisition aims to provide a seamless candidate experience across all rec
Company NewsKelly Launches Recruitment Platform for AI and Automation Talent
Kelly has just launched Kelly Arc, an innovative online recruitment platform tailored for AI-powered automation roles. Tackling the talent gap in AI and automation, this platform is a game-changer. With AI-based matching and personalized re
Venture CapitalHiringBranch Secures $2.5M in Funding Round Led by BDC Capital to Revolutionize HR
MONTREAL, QC October 4, 2023 / HiringBranch announced today that it has secured $2.5 million in non-dilutive funds from BDC Capital's Growth & Transition Capital division. BDC, Canada's bank for entrepreneurs, is investing in HiringBranch
Venture CapitalADP Launches ADP Ventures,A Game-Changer in Human Capital Management?
ADP, a global leader in human capital management solutions, has announced the launch of its corporate venture capital arm, ADP Ventures. The new venture aims to invest in early-stage tech startups that align with ADP's innovation strategy.
Venture CapitalAmsterdam-Based Lepaya Secures $38M to Revolutionize Corporate Learning and Close Skills Gaps
Lepaya, a leading corporate EdTech provider, has secured $38 million in funding, marking the largest investment in this sector for 2023. The company aims to revolutionize the $400 billion corporate learning market with its AI-powered capabi
Company NewsChano Fernandez Takes the Helm as Co-CEO of Eightfold AI: A New Chapter in AI-Driven HR
Chano Fernandez has been appointed as the Co-CEO of Eightfold AI, effective January 2024. Previously, Fernandez led HR's transition into the cloud at Workday, where he served as Co-CEO and helped the company grow from $450M to $6B in revenu
Venture CapitalYurts Announces $16M in Series A Funding to Accelerate Growrh
SAN FRANCISCO , Sept. 19, 2023 -- Yurts , the enterprise-ready Generative AI platform, today announced a $16 million Series A to support its acceleration into the market. The oversubscribed funding round was led by Nava Ventures, with a
Venture CapitalSailes Secures $5.1M Series A Funding to Automate Sales Prospecting with AI
Sailes , the AI startup revolutionizing sales prospecting with its patent-pending Sailebots, has secured $5.1M in a Series A round led by Lewis & Clark Ventures. This funding propels Sailes to new heights in automating sales activities. Sai
Venture CapitalMerging for Mastery: How Spark Hire's Acquisition of Chally is Redefining Talent Assessment Solutions
In a groundbreaking move that promises to redefine the landscape of talent assessment, Spark Hire, a global leader in video interviewing, has announced its strategic acquisition of Chally, a pioneer in predictive talent analytics. This acqu
Company NewsEasop Announces Strategic Partnership with Carta and Snags Investment from Tech Law Firm Cooley's Fund and SemperVirens
NEW YORK , -- Easop , the equity compensation solution for global teams, announces a significant milestone in its journey towards revolutionizing global employee equity management. In only 18 months, the company has forged a strategic partn
Venture CapitalWoba, an HR Platform for Employee Retention, Raised €2.95M in Funding to Expedite its Worldwide Influence
Woba , a Copenhagen-based HRTech startup, has recently announced that it has raised €2.95 million in funding from existing investors PreSeed Ventures and Denmark’s export and investment fund, EIFO. With this financing round, the company int
Company NewsWorkhuman Adds Hundreds of Thousands of Activities, Travel, and Accommodation Options to World Class Store with In-Store Booking Functionality
Framingham, MA and Dublin – August 29, 2023 – Workhuman , the company revolutionizing how employees celebrate, connect with, and appreciate each other in the workplace, has added In-Store Booking functionality to its world class Store. Empl
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