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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Minneapolis Workforce Trust Platform Yardstik Raises $30M Series B, Bringing Total Funding to $65M
Yardstik raised $30M in Series B funding led by Harbert Growth Partners, bringing total funding to $65M. The Minneapolis HR tech company reported 149% YoY revenue growth, 98% account retention and 99.4% customer satisfaction as it expands c
Venture CapitalUKG Agrees to Acquire Inova Payroll to Expand Service-Led HCM for SMBs
UKG has agreed to acquire Inova Payroll, a Nashville-based HCM and payroll provider serving 4,000+ SMBs. Inova is the largest reseller of the UKG Ready® suite nationwide. The deal is expected to close in early 2026, subject to conditions. U
Venture CapitalSage Acquires Criterion HCM to Modernize Human Capital Management for Mid-Sized Businesses
Sage has acquired Criterion HCM, marking a strategic expansion of its AI-powered HR and payroll ecosystem to better serve mid-sized businesses. The acquisition brings together Criterion’s unified HCM solution—spanning Core HR, payroll, and
Venture CapitalDianaHR Secures $3.7M Seed to Disrupt SMB HR with AI-Powered HR-as-a-Service
DianaHR , a San Francisco–based startup founded by former Gusto Head of Engineering Upeka Bee, has raised a $3.7 million seed round led by SNR Ventures with participation from General Catalyst, Y Combinator, and unicorn founders from Mercur
Venture CapitalZorro Secures $20 Million in Series A to Transform the Healthcare Benefits Industry for Brokers, Employers and Employees
Zorro, an AI-powered insurtech platform, has raised $20 million in a Series A round led by Entrée Capital. The company leverages Individual Coverage Health Reimbursement Arrangements (ICHRA) to provide employers and employees with personali
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 (NASDAQ: WDAY ), the AI platform for managing peopl e , money , and agents , reveals that outdated federal human resources systems are costing taxpayers nearly $1
EarningsTriNet Announces First Quarter 2025 Results
TriNet Group, a leading HR solutions provider for SMBs, reported its Q1 2025 results with $1.3 billion in total revenue, up 1% year-over-year. Despite macroeconomic challenges, the company delivered solid performance aligned with full-year
Venture CapitalHireRight Acquires ClearChecks to Expand SMB Screening Services with Next-Gen Technology
HireRight has announced the acquisition of ClearChecks , a background screening company focused on small-to-medium-sized businesses (SMBs). This move aims to enhance HireRight's self-service platform, backgroundchecks.com, by integrating Cl
Product NewsPerceptyx Launches First ‘Experience-Aware’ AI Coaching Agent
Perceptyx has unveiled the industry's first "experience-aware" AI Coach, a generative AI agent embedded within its EX platform that delivers real-time, personalized leadership development. Unlike generic coaching tools, AI Coach continuousl
Company NewshireEZ and Talroo Partner to Unify High-Volume Hiring, Unlock Access to Millions of Frontline Worker Profiles for AI-Powered Sourcing
hireEZ and Talroo have announced a strategic partnership to enhance high-volume hiring by integrating AI-powered sourcing and frontline worker profiles. This collaboration grants hireEZ users exclusive access to Talroo’s TalentSync database
Company NewsDayforce Reports $1.76B in Revenue for 2024, Driving HR Tech Growth
Dayforce , a leading human capital management (HCM) technology provider, reported strong financial results for Q4 and FY 2024, with total revenue reaching $1.76 billion (up 16.3% YoY) and recurring revenue climbing to $1.34 billion (up 20.6
Venture CapitalServiceNow accelerates agentic AI roadmap with acquisition of AI native conversation data analysis platform Cuein
ServiceNow announced its acquisition of Cuein, an AI conversation data analysis leader, to enhance its platform's capabilities in transforming customer interactions into actionable insights. This move accelerates ServiceNow's agentic AI ro
Company NewsWorkday Appoints Liz Centoni to its Board of Directors
Workday, a leader in enterprise solutions for people and financial management, announced the addition of Liz Centoni, EVP and Chief Customer Experience Officer at Cisco, to its Board of Directors. With over two decades of expertise in drivi
Product NewsWEX Launches Two AI Pilots for Benefits Administration
WEX has introduced two AI-powered solutions, Benefit Assistant and BeneFITwise Premier, within its benefits administration platform, My Benefit Express . These pilots aim to streamline benefits decision-making for employees while reducing H
Company NewsRandstad Digital launches Salesforce Novelty Hub
Randstad Digital , in collaboration with Salesforce, has launched the Salesforce Novelty Hub, an innovative solution designed to address the challenges faced by Global Capability Centers (GCCs). This initiative provides a roadmap for establ
Venture CapitalARCOS Acquires Clearion, Expanding its Workforce Management Solutions Portfolio
COLUMBUS, Ohio – ARCOS® LLC, a leading provider of workforce management solutions for utilities and other critical infrastructure industries, announced today the acquisition of Clearion , a provider of SaaS and mobile software for vegetat
Venture CapitalMPAY Expands with Web Payroll Acquisition: A Game-Changer for Texas Businesses
MPAY, a leader in payroll and human capital management solutions, completed its acquisition of Web Payroll & Tax Solutions. This move is part of MPAY’s ongoing strategic expansion, following two earlier acquisitions in 2024. Web Payroll, kn
Venture CapitalTilt Raises 15M in Series B to Revolutionize Leave Management Technology
Tilt , a leader in leave management solutions, has successfully raised $15 million in Series B funding led by Bramalea Partners, with contributions from HearstLab, Firework Ventures, Origin Ventures, and Techstars. The funding will enable T
Venture CapitalLightBay Capital Makes Strategic Investment in Questco, a National Leader in Outsourced HR Services
LightBay Capital has made a strategic investment in Questco, a leading professional employer organization (PEO) specializing in outsourced HR services. This partnership aims to support Questco’s growth through direct sales efforts, acquisit
Product NewsMyDay™: The Future of Transparent Global Payroll Management by Safeguard Global Pay
Safeguard Global Pay has unveiled MyDay ™, a groundbreaking platform designed to revolutionize global payroll management. This innovative solution aims to eliminate the traditional 'black box' approach to payroll, offering a transparent and
Product NewsRightpoint, a Genpact Company, Launches Knowledge AI and Search Function to Drive Productivity Across Enterprises
Rightpoint , a global experience leader and a Genpact company, has launched its Knowledge AI and Search solution. This solution integrates Microsoft Azure AI, Azure OpenAI Service, Azure AI Search, Copilot for Microsoft 365, and Microsoft V
EarningsHireRight Reports First Quarter 2024 Results
HireRight Holdings Corporation reported its Q1 2024 financial results, revealing a slight decrease in revenue to $173.2 million from $175.4 million the previous year, and a net loss of $3.3 million, an improvement over last year's $7.9 mill
Product NewsPerceptyx Launches Activate, HR’s Missing Link Between Employee Insight and Impact
Perceptyx has unveiled "Activate," a groundbreaking AI-powered platform, merging insights from employee feedback with actionable strategies through behavioral science. This solution integrates the expertise of Humu into Perceptyx's offering
Venture CapitalPaylode's Leap in Miami: Harnessing $5.5 Million Seed Round for Perks Innovation
Paylode , a Miami-based startup, has raised a $5.5 million seed round to enhance its perks-as-a-service platform. The company provides tools for businesses to launch and manage customer perks programs efficiently. It aims to improve custome
Company NewsDocebo Reports Fourth Quarter and Fiscal Year 2023 Results
Docebo Inc., a leader in AI-driven learning platforms, announced its Q4 and fiscal year 2023 financial results, showcasing significant growth. With a 28% increase in subscription revenue to $46.5 million and a total revenue rise of 27% to $
Venture CapitalColossyan's Strategic Leap: Pioneering the Future of AI-Driven Corporate Learning with $22M Series A Funding
Colossyan , a Hungarian-founded, UK-based startup, has successfully raised $22 million in Series A funding, led by European VC firm Lakestar, to advance its AI-driven video production platform. This technology, designed to transform digital
Company News"Workplacely" Launches to Revolutionize HR with AI-driven Insights, Transforming Workplaces into 'Most Loved Workplaces®'
Workplacely , a groundbreaking HR SaaS tool, launches to transform workplace culture by focusing on employee love and engagement. It's an innovative solution for measuring and enhancing employees' emotional connection to their work and comp
Product NewsPerformYard Secures $95M for Revolutionary Staff Performance Tools
PerformYard, a staff performance management platform, recently raised $95 million in funding led by Updata Partners. Founded by Ben Hastings and Jon Malpass, PerformYard provides tools for employee reviews, goal setting, and feedback, integ
Venture CapitalBeqom Acquires PayAnalytics: Pioneering the Future of Pay Equity and Total Compensation
Beqom, a leader in compensation and performance management, acquires PayAnalytics, a pioneer in pay and workplace equity software. This strategic move responds to the increasing demand for pay equity and transparency, combining advanced pay
Product NewsYellow.ai Announces Listing of its Generative AI-powered Voicebots and Chatbots on Zendesk Marketplace
The listing will enable enterprises to deliver human-like experiences through Yellow.ai's Dynamic Automation Platform (DAP), leading to 60 percent reduction in operational costs. SAN MATEO, Calif. , Dec. 12, 2023 Yellow.ai , a global lea
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