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Intermezzo Secures $10M to Revolutionize Global Payroll Infrastructure with AI-Driven Automation - FF News
Intermezzo, a Menlo Park-based AI-native global payroll infrastructure company, has raised a $10 million seed round led by Crosslink Capital, with participation from UKG Ventures, CloudPay, Character Capital, Behind Genius Ventures and other investors. Founded by former Intuit and Velocity Global technology leaders Siddharth Ram and Kumar Ramanathan, the company is building an API-first payroll infrastructure layer for HCM platforms, EOR providers and payroll bureaus.
AI & AutomationKastle Raises $24M Series A Led by Insight Partners to Build the AI Workforce for Banking Operations - PR Newswire
Kastle, a startup building autonomous AI agents for banking back-office operations, has closed a $24M Series A led by Insight Partners. The round underscores rising investor appetite for purpose-built 'AI workforce' platforms — digital workers designed to handle domain-specific operational tasks in regulated industries — and sharpens the strategic question facing HR and people-ops leaders in financial services: how to govern, integrate, and manage a workforce that increasingly blends human and AI workers.
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.
Thatch raises $108M Series C at a $1B valuation for its ICHRA health-benefits platform
Thatch raised a $108M Series C at a $1B valuation, led by The General Partnership, to scale its ICHRA-based health-benefits platform. Strategic investors include Eli Lilly, ADP Ventures and Paychex; the company says it now serves 5,000+ employers with ARR up nearly 7x year over year.
Funding & InvestmentEarly Anthropic hire, former METR COO have found a way to rein in rogue AI agents
Artificial Intelligence Underwriting Company (AIUC), co-founded by an early Anthropic hire and the former COO of AI safety evaluator METR, has reportedly raised $40 million in a Series A led by Ribbit Capital. According to TechCrunch, the startup is building technology to detect and constrain rogue AI agents, with a business model centered on AI safety and underwriting — not HR technology.
Jack & Jill Raises £30M Series A For AI Hiring Agents - konsulteer.com
AI recruiting startup Jack & Jill has reportedly closed a £30M Series A to build and scale AI hiring agents, according to konsulteer.com. The round underscores continued investor appetite for agentic automation in talent acquisition. Key details — including lead investor, valuation, and founding team — have not been disclosed in available reporting.
Intermezzo raises $10M for payroll infrastructure - Axios
Intermezzo, a payroll infrastructure startup, has secured $10 million in new funding to expand its platform. The raise highlights continued investor appetite for modernising the foundational layer of the HR-tech stack that powers workforce payments.
Salesforce leads $166 million investment in HiBob, valuing Israeli HR tech company at $3.2 billion - calcalistech.com
Salesforce has led a $166 million funding round in HiBob, an Israeli-founded modern HRIS platform, pushing the company's valuation to $3.2 billion. The investment represents one of the largest recent bets on next-generation core HR infrastructure and underscores growing enterprise software interest in the HR technology sector.
Venture CapitalMinneapolis 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 CapitalFlip Raises $25 Million to Bring AI to Deskless Workers at Risk of Being Left Behind by the AI Revolution
Flip has raised $25M to expand AI access for frontline and deskless workers. Existing investors Notion Capital and HV Capital increased their stakes, while L-Bank joined as a new investor. Funding will support Fusion and Frontline Identity.
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
Product NewsEthos Launches the Readiness Engine, A Living Map of Workforce Capability
Ethos has launched the Readiness Engine, a new capability that maps organizational requirements to role-specific skills and continuously measures workforce proficiency. It links knowledge, training, assessments and operational data to surfa
Company NewsHireQuest Q2 Profitability Surges as Staffing Market Shows Signs of Recovery
HireQuest reported Q2 2026 revenue of $8.1M, up 6.0% YoY. Excluding the MRINetwork divestiture, revenue grew 16.6% and system-wide sales rose 6.9%. Net income reached $2.7M, while Adjusted EBITDA increased to $4.6M. GOOSE CREEK, S.C.
Venture CapitalSan Francisco Humanoid Robotics Startup Avatar Robotics Raises $6.5M Seed Round Led by AlleyCorp
Avatar Robotics raised a $6.5M Seed round led by AlleyCorp, with a pre-seed led by defy.vc. Since launching in Dec. 2025, its humanoid robots have packed, sorted, and helped ship 900,000+ products across live warehouse environments, with 24
Company NewsPaylocity FY2026 Revenue Reaches $1.771 Billion as Net Income Rises 18.8% and AI Strategy Accelerates
Paylocity closed fiscal 2026 with double-digit growth, stronger profitability, and an expanded product strategy spanning HR, Finance, and IT. Fourth-quarter revenue rose 11.0% year over year to $444.7 million, while recurring and other reve
Venture CapitalDeel Surpasses $1.5B ARR With 15th Acquisition, Embedding Clarity’s Deepfake Defense Across Global Hiring
Deel has acquired AI cybersecurity company Clarity in its 15th acquisition after surpassing $1.5B in ARR. Clarity’s deepfake detection and identity verification will connect candidate screening, onboarding, device provisioning, and workforc
Venture CapitalNew York-Based Harmony Raises $34M Seed Round to Reinvent Employee Support with AI Agents
Harmony , a New York-based AI platform for enterprise employee support, has raised $34 million in seed funding led by Lightspeed Venture Partners. Hitachi Ventures, Fin Capital, Mercer Ventures, Operator Partners and several angel investors
Venture CapitalU.S. Electrician Staffing Platform Buildforce Raises $10M Series A for National Expansion
Buildforce raised a $10M Series A led by Saepio Capital, with Blue Heron Capital, Revolution’s Rise of the Rest Seed Fund, S3 Ventures and Chicago Ventures participating. The electrician staffing platform reports 2M+ work hours across 2,000
Mercor to Acquire Deeptune, Strengthening Reinforcement Learning Environments for AI Agents
Mercor will acquire Deeptune, the New York-based creator of high-fidelity reinforcement learning environments for AI agents. Deeptune’s team, led by founder & CEO Tim Lupo, will join Mercor in NYC. The deal follows Deeptune’s...
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...
Warp Raises $60M Series B to Challenge Workday, Rippling, and ADP in AI-Native Payroll Compliance
Warp has raised $60M in Series B funding led by Battery Ventures, with Peak XV, Sound Ventures, Y Combinator, and HOF Capital participating. The AI-native startup automates payroll, onboarding, tax compliance, IT management, benefits...
Thrive Acquires Incentiv to Close the Compensation Data Gap for Private Equity
Thrive TRM has acquired Incentiv, an executive compensation data network built for private equity firms and portfolio companies. Incentiv provides real-time benchmarks across cash, equity and incentive structures for more than 500 PE-backed companies....
Niural Launches Niural AI Labs and Expands Series A to $52 Million for AI-Native Payroll and Benefits
Niural, the AI-native platform for global payroll, benefits, payments, and compliance, has launched Niural AI Labs and expanded its Series A to $52 million. The company positions the Lab as a “neolab for finance,”...
Allvia Acquires Atlanta-Based Smith Communication Partners to Expand Workforce Strategy and Employee Communications
Allvia, a workforce services platform backed by Trinity Hunt Partners, has acquired Smith Communication Partners, an Atlanta-based firm founded in 2005. The deal expands Allvia’s capabilities in workforce strategy, employee communications, benefits, total rewards,...
Singapore-Based Global Payroll and HR Platform BIPO Secures US$50M Investment from Apis Partners to Expand Across 170+ Markets
Apis Partners has invested US$50 million in BIPO to accelerate the Singapore-headquartered company’s global expansion, disciplined M&A strategy, AI roadmap, and embedded financial services capabilities. BIPO, described as Asia Pacific’s leading payroll payment processing...
Madrid HR Tech Startup Orbio Raises $21 Million Series A to Reinvent Frontline Workforce Management with AI Agents
Orbio has raised $21M (£16M) in Series A funding led by Dawn Capital to automate hiring, onboarding, engagement, and retention for frontline workers. Customers include Yum! Brands, Adecco, Poke House, and AWWG. The company...
Atomicwork Launches AI Workforce Platform, Letting Enterprises Manage AI Employees Like Human Teams
Atomicwork has launched its AI Workforce Platform, enabling enterprises to deploy governed AI Coworkers across IT, HR, Finance, and Workplace operations. Each AI worker comes with defined roles, budgets, permissions, and audit trails—moving
AI Hiring Platform Humanly Secures $25M Series B Led by SEEK Investments
Humanly has raised $25M in Series B funding led by SEEK Investments, with MassMutual Catalyst Fund joining as a new strategic investor and Drive Capital and Zeal Capital Partners providing follow-on capital. The AI hiring platform supports
London-Based Global Employment and Payroll Platform RemotePass Raises $17.4M Series B Led by EBRD Venture Capital
RemotePass raised $17.4M in Series B funding led by EBRD Venture Capital, with participation from 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. The platform now supports 35,000+ workers across 150+ cou
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