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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
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 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
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...
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
Venture CapitalKentucky-Based Healthcare Workforce Platform Definity Raises $7 Million Series A
Definity has raised a $7M Series A led by Accrete Health Partners, the venture arm of Bon Secours Mercy Health. The vendor-neutral healthcare workforce platform helps hospitals manage internal and contingent labor with applicant tracking, a
Venture CapitalOrgChart Secures Strategic Investment Led by Resurgens Technology Partners
OrgChart , a workforce planning and organizational visualization software provider, has announced a strategic investment led by Resurgens Technology Partners, with existing investor Lock 8 Partners retaining a minority ownership stake. The
Company NewsWorkday Commits CAD $1 Billion Investment in Canada Over Five Years
Workday has announced plans to invest CAD $1 billion in Canada over the next five years, reinforcing its long-term commitment to the Canadian market and its rapidly growing customer base. The investment will focus on expanding local technol
Venture CapitalOneSource Virtual Announces Strategic, Majority Growth Investment from TA
OneSource Virtual (OSV), a leading provider of HR and payments services purpose-built for the Workday ecosystem, has announced a strategic, majority growth investment from global private equity firm TA Associates. Founded in 2008, OSV deliv
Company NewsDailyPay Names Veteran Executive Nelson Chai as CEO
DailyPay appointed veteran executive Nelson Chai as CEO, advancing its strategy beyond earned wage access toward broader financial wellness for frontline workers. Chai—formerly Uber’s CFO and DailyPay’s Executive Chair—will lead product inn
Venture CapitalStockholm-Based Hubert Raises €2.5M to Scale AI Screening Agents for Global Employers
Hubert , a Stockholm-based AI-first recruitment platform, has secured €2.5 million in seed funding led by Spintop Ventures with support from Bonnier family investors. The company, already profitable, plans to accelerate its proprietary AI s
Company NewsRecruitics Acquires Change State to Boost AI-Powered Recruitment Platform
Recruitics, a leader in AI-powered recruitment marketing and analytics, has acquired Change State, a recruitment marketing agency and HR tech consultancy founded in 2019. This acquisition enhances Recruitics’ platform with the Voice by Chan
Venture CapitalDayforce Enters into US$12.3 Billion Definitive Agreement with Thoma Bravo to Become a Private Company
Dayforce , a global leader in human capital management (HCM) technology, has announced a definitive agreement to be acquired by Thoma Bravo in an all-cash deal valued at US$12.3 billion. Under the agreement, Dayforce shareholders will recei
NewsCoAdvantage and PrimePay Merge to Create a Comprehensive HCM Powerhouse
CoAdvantage, a leading Professional Employer Organization (PEO), has successfully merged with PrimePay, a well-established payroll and HR software provider. Backed by private equity firm Aquiline, the combined entity aims to offer a more co
Venture CapitalVancouver’s Acorn Secures $12.3M to Advance Performance Learning Systems (PLMS)
Acorn , a Vancouver-based AI-powered performance and learning management platform, has secured $12.3 million in Series A funding led by Level Equity. The funding will accelerate product innovation and global expansion, coinciding with the l
Venture CapitalUK’s Cronofy Raises £15M from BGF to Expand Scheduling Infrastructure
Cronofy , a UK-based embedded scheduling platform, has secured a £15 million investment from BGF to fuel its international expansion and product innovation. Trusted by over 180,000 organizations worldwide—including brands like Wise, Indeed,
Venture CapitalSeattle-Based AI Recruiting Platform Humanly Raises $7M to Accelerate Growth and Innovation
Humanly , an AI-powered conversational recruiting platform, has raised a $7 million momentum funding round to accelerate growth and innovation in inclusive hiring. With a proprietary platform that screens and schedules over 250,000 candidat
Company NewsQuantum Workplace Names Joe Holland as Chief Executive Officer to Lead Next Phase of Growth and Innovation
Quantum Workplace, a leading provider of employee engagement and performance management solutions, has appointed Joe Holland as its new CEO, marking a significant leadership transition as Co-Founder Greg Harris steps into a board role after
Company NewsPapaya Global Announces CFO, CPO, and Key Executive Appointments to Drive Innovation and Expansion
Papaya Global , a leading workforce payroll and payments platform, has announced significant leadership changes to bolster its global expansion. Erez Simha joins as CFO, bringing vast IPO and M&A expertise, while Amit Levi is promoted to CP
Venture CapitalCheckr Expands into Employment Verification with Acquisition of Truework
Checkr has announced its acquisition of Truework , a major player in income and employment verification. This strategic move allows Checkr to expand beyond background checks into the multi-billion dollar employment verification industry. Tr
Venture CapitalPaychex Completes Acquisition of Paycor
Paychex has officially acquired Paycor in an all-cash transaction valued at approximately $4.1 billion. This strategic deal merges two HCM powerhouses and aims to create the industry's most comprehensive and flexible AI-driven HR and payrol
Venture CapitalSpain-Based Job&Talent Secures €92M to Accelerate AI-Driven Staffing Solutions
Job&Talent , a Spain-based digital staffing platform, has secured €92 million (US$101.3 million) in a Series F funding round, bringing its valuation to €1.3 billion. The funding will accelerate its international growth and support its AI-dr
Venture CapitalEmploy Acquires Pillar: The Future of AI-Powered Hiring is Here
Employ has acquired Pillar, a leading AI interview intelligence platform, to enhance hiring efficiency and transform talent acquisition. By integrating Pillar’s AI-powered insights, Employ aims to eliminate inefficiencies, accelerate hiring
Venture CapitalIndia’s HR SaaS Star Darwinbox Raises $140M to Expand HR Tech Disruption into the U.S.
Indian HR tech startup Darwinbox has raised $140 million in a funding round co-led by KKR and Partners Group, positioning itself to compete with Deel and Rippling. The company, which provides an all-in-one SaaS platform for hiring, onboardi
Venture CapitalHeyMilo Secures $2.2 Million to Interview and Evaluate Candidates at Scale with AI Agents
HeyMilo , an AI-powered candidate screening platform, has secured $2.2 million in seed funding led by Canaan Partners, highlighting the growing demand for AI-driven hiring solutions. HeyMilo automates the early interview process using AI ag
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