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Magentic raises $18M to build the AI workforce for the physical world
Magentic has raised an $18M Series A led by Felicis, with Sequoia Capital and The Westly Group participating. Its multi-agent digital workers manage procurement workflows end to end. Customers report 2–5% savings, 60% better data quality, and $4M found at one company.
India’s Darwinbox Secures Follow-on Investment from TVG; Amount and Round Undisclosed
Teachers' Venture Growth has made its second investment in Darwinbox, following its 2025 entry. Darwinbox serves 1,400+ companies and 4.5 million employees globally. Its AI-native HCM platform, Darwinbox Cortex™, launched in August. Investment terms were not disclosed.
ADP Partners with AWS to Accelerate AI-Powered Innovation in Human Capital Management - HRTech Series
ADP has announced a strategic partnership with Amazon Web Services (AWS) aimed at accelerating AI-powered innovation across its Human Capital Management platform. According to the source report, the alliance represents a deeper cloud-infrastructure commitment intended to speed up product development for enterprise HR buyers. Specific deal terms, financial details, and named product deliverables were not disclosed in the available information.
Main Capital Partners Acquires Majority Stake in UK-Based Orgvue in First UK Platform Investment
Main Capital Partners Acquires Majority Stake in UK-Based Orgvue in First UK Platform Investment. Main Capital Partners has acquired a majority stake in London-headquartered Orgvue, marking the software investor’s first platform investment in the UK. Orgvue provides cloud-based Strategic Workforce Management software used by close to 200 global enterprise
Company NewsWorkday Revenue Hits $2.649 Billion as AI Drives More Than 25% of New ACV
Workday reported fiscal 2027 second-quarter revenue of $2.649 billion, up 12.8% year over year, with subscription revenue rising 13.9% to $2.471 billion. More importantly, AI is beginning to show measurable commercial impact: CEO Aneel Bhus
HotNewsWorkday Surges on Reported Silver Lake Takeover Talks: A New Test for SaaS in the AI Era
A reported takeover approach has suddenly put Workday at the center of one of the largest potential enterprise software transactions in years. Reuters reported on August 13 that technology investment firm Silver Lake has been in discussi
Venture CapitalCareerminds Acquires Jobrapido, Expanding From Outplacement to a Global Workforce Transition Platform
Careerminds has acquired Jobrapido , combining career transition services, AI-powered career technology and labor market intelligence with a global independent job marketplace connecting millions of job seekers. Financial terms were not dis
Product NewsPaylocity Launches Ignite AI Agents Across Payroll, Recruiting and Workforce Analytics
Paylocity launched Ignite AI, a platform-wide suite of AI agents for payroll, recruiting, time, workforce insights and data quality. A centralized Ignite AI Hub lets organizations control active agents, monitor adoption and measure producti
Company NewsWorkday Announces Rising 2026: Where Agentic HR and Agentic Finance Take Center Stage October 12-15 in Las Vegas
Workday Rising 2026 will take place Oct. 12–15 in Las Vegas, bringing together 30,000+ in-person and digital attendees. The event will feature 400+ sessions on agentic HR, finance, IT, product innovation, customer use cases, demos, and hand
HR Tech and HR Executive Name the 2026 Top 100 HR Tech Influencers
The 2026 Top 100 HR Tech Influencers includes 32 new honorees—a sign that influence in HR tech is expanding beyond established analysts to executives, podcasters and community builders. Who is shaping how your organization...
Energage and Engagedly Merge to Unite AI Talent Management, Employee Engagement and Employer Brand
Energage and Engagedly have merged to create a unified platform spanning employee engagement, performance, learning, recognition, development and employer brand. Energage brings insights from 30M+ employee surveys across 80,000 organizations. EXTON, Pa.–Energage, the HR...
CoAdvantage and PrimePay Launch CoAd, Unbundling Traditional PEO Services for the First Time
CoAdvantage and PrimePay have launched CoAd, a unified payroll, HR and PEO brand serving 17,000+ clients and processing over $15B in annual payroll. Its modular model lets employers access co-employment without being required to...
Shore Capital Acquires Denver-Based ThrivePass to Accelerate Employee Benefits Technology Growth
Shore Capital Partners has acquired Denver-based ThrivePass, an employee benefits technology platform serving employers, brokers and PEOs. Financial terms were not disclosed. ThrivePass supports lifestyle spending accounts, rewards, tuition reimbursement, COBRA administration and pre-tax...
Corestream Secures Strategic Investment from Lightyear Capital to Accelerate Product Innovation and Platform Expansion
Lightyear Capital has made a strategic investment in Corestream, a voluntary benefits and employee savings technology platform. Founded in 2006, Corestream serves over 6M employees and reconciled more than $500M in payroll premiums in...
Korn Ferry to Acquire UK-Based AMS for Approximately £850M, Creating a Global Talent and Organizational Consulting Leader
Korn Ferry will acquire UK-headquartered AMS from OMERS Private Equity for approx. £850M / $1.1B. The combined firm will have 16,000+ colleagues, operate across 120+ countries, and place a professional in a job about...
Paychex Reaches $6.512B in FY2026 Revenue as Paycor Integration and WISE AI Engine Drive Momentum
Paychex reported FY2026 revenue of $6.512B, up 17%, with adjusted operating income rising 19% to $2.815B. Q4 revenue increased 12% to $1.606B, supported by Paycor integration and growth across Management Solutions, PEO, insurance, and...
UKG Adds Agentic Orchestration to Connect Workforce Intelligence with Frontline Execution
UKG introduced agentic orchestration to its AI-first Workforce Operating Platform, adding Workforce Intelligence Hub and Dynamic Workforce Operations. New capabilities include Operational Benchmarks, Fully Loaded Labor Cost, Real-Time Workf
Cegid Acquires Shine to Build Europe’s First AI-Powered Financial and HR Hub for SMBs
Cegid has completed its acquisition of fintech unicorn Shine, creating Europe’s first fully integrated AI-driven financial hub for SMBs and accountants. The combined company now serves 1M+ SMBs, 15,000 accountants, operates across 7 Europea
Lattice Promotes Sophie Hurcombe to Chief People and Operations Officer to Lead People + AI Transformation
Lattice has promoted Sophie Hurcombe from SVP, People to Chief People and Operations Officer. In the expanded role, she will lead AI transformation and company operations across People, Business Systems, and IT, as Lattice advances its Peop
Workday Global Research Finds AI Reduces Burnout but May Deepen the Workplace Connection Deficit
Workday’s new Human Connection Workplace Index surveyed 2,150 AI-using employees across 7 countries. While 62% say AI has reduced stress or burnout risk and 86% feel more productive, 14% have taken time off due to loneliness or social isola
Workday Announces Fiscal 2027 First Quarter Financial Results
Workday reported fiscal 2027 first-quarter revenue of $2.542 billion, up 13.5% year over year, with subscription revenue reaching $2.354 billion, up 14.3%. The company also delivered stronger profitability, with GAAP operating income of $33
Product NewsHR Rebooted Launches MyCareer Navigator, an AI Platform Helping Organizations Guide People Through Career Disruption
MyCareer Navigator delivers personalized risk scores, skill insights, transition planning, resume refinement, and interview practice to support clients, students, and job seekers navigating an AI-driven workforce. COLEBROOK, N.H. , May 7,
Venture CapitalSnapCare and connectRN Join Forces to Provide Growth-Forward Workforce Solutions Powering Better Care
SnapCare and connectRN have merged to form a unified healthcare workforce platform, backed by a new Series A led by Suvretta Capital. With 500,000+ clinicians across acute, post-acute, home health, and school care, the company aims to impro
ColumnADP Q3 Earnings: $5.9B Revenue Driven by AI and Client Funds Interest
ADP reported strong Q3 Fiscal 2026 results, with revenue increasing 7% to $5.9 billion and adjusted diluted EPS rising 10% to $3.37. The company also raised its full-year guidance, now expecting revenue growth of 6–7% and EPS growth of 10–1
Venture CapitalNEOGOV acquires Miller Mendel, integrating eSOPH to strengthen AI-powered background investigations
NEOGOV acquires Miller Mendel Inc., integrating eSOPH into its AI-powered background investigation platform Vetted. eSOPH serves 300+ agencies and has processed 300,000+ investigations. The move expands NEOGOV’s reach in public safety hirin
Product NewsDocebo Launches AgentHub to Unite Skills Intelligence, Enterprise Knowledge, and Agentic AI
Docebo unveiled its biggest platform release yet at Docebo Inspire 2026: Docebo AgentHub, Enterprise Knowledge, Skills Intelligence powered by 365Talents, and MCP integration with Claude, Microsoft Copilot, and ChatGPT. MCP is live in publi
Venture CapitalLumApps to Acquire Comeen, Connecting Digital Employee Experience with the Physical Workplace
LumApps has signed a definitive agreement to acquire Comeen, a workplace experience platform focused on space management, digital signage, and visitor services, in a move that expands LumApps’ AI Employee Hub from digital employee experienc
Venture CapitalSan Francisco-based Worki Raises $2.75M Pre-Seed to Build AI Workforce Infrastructure
Worki , a San Francisco-based healthcare workforce infrastructure company, has raised $2.75 million in pre-seed funding led by Redesign Health and Healthliant Ventures. The company aims to address a critical gap in healthcare AI adoption by
Venture Capital24 Seven Acquires Crawford Group
24 Seven announced its 13th acquisition with the purchase of Crawford Group, expanding its event and marketing capabilities. Founded in 2000, Crawford Group supports enterprise and mid-size clients across events, campaigns, content, and mar
Venture CapitalTriNet Acquires Cocoon to Strengthen Compliance-First Leave Management for SMBs
TriNet (NYSE: TNET) has entered into a definitive agreement to acquire Cocoon , a leave management platform founded in 2020. The deal adds compliance-first leave workflows, real-time leave tracking, integrated claims filing, and automated p
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