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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.
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
Venture CapitalBenepass Raises $40M Series B to Redesign Employer Benefits for Rising Healthcare Costs
Benepass announced a $40 million Series B funding round led by Centana Growth Partners , with participation from FoW Partners and existing investors Portage Ventures and Threshold Ventures. The New York–based benefits capital management pla
Venture CapitalPhenom Acquires Included to Expand Agentic People Analytics and Workforce Intelligence
Phenom , an applied AI company focused on hiring, development, and retention, has acquired Included , an AI-native agentic people analytics platform designed to surface actionable workforce insights. The acquisition strengthens Phenom’s Wor
Venture CapitalWellable Acquires Wellness Break Platform Bright Breaks
Wellable, a leading employee wellness and recognition platform, has acquired Bright Breaks, the workplace micro-break innovator known for its science-based approach to reducing burnout and enhancing productivity. The integration brings toge
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 CapitalSAP Completes Acquisition of SmartRecruiters
SAP has officially completed its acquisition of SmartRecruiters, a leading enterprise-grade talent acquisition platform. This strategic move integrates SmartRecruiters’ intuitive recruiting workflows and AI-enabled capabilities into the SAP
Venture CapitalLos Angeles HR Tech Startup Welcome Tech Secures $7.5M to Expand AI-Driven Immigrant Services
Welcome Tech, a Los Angeles-based digital platform dedicated to serving immigrant workforces, has raised $7.5 million to expand its AI-powered infrastructure. With over 4.5 million registered members, the company connects immigrants to jobs
Venture CapitalDarwinbox Secures US$40M from Teachers’ Venture Growth to Fuel North America Expansion and AI-First HCM Innovation
Darwinbox , a fast-growing AI-powered human capital management (HCM) platform, has secured US$40 million from Teachers’ Venture Growth (TVG), part of the Ontario Teachers’ Pension Plan. The funding will accelerate the company’s North Americ
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2025 Financial Results
Q4 2025 Recurring & Other Revenue of $369.9 million, up 14% year-over-year Q4 2025 Total Revenue of $400.7 million, up 12% year-over-year FY 2025 Recurring & Other Revenue of $1,471.8 million, up 15% year-over-year FY 2025 Total Revenue of
Venture CapitalOhio-Based Propel People Secures $3M to Tackle Construction Labor Shortages with AI
Propel People ,an AI-driven, mobile-first hiring platform tailored for skilled trades, has raised a $3 million seed round led by 1848 Ventures. The Ohio-based startup addresses the labor shortage crisis in the construction industry, where 9
Product NewsPaylocity Advances One Unified HCM and Finance Platform with Launch of Integrated Spend Management Solution
Paylocity has launched “Paylocity for Finance,” expanding its modern HCM platform into the Office of the CFO by integrating Airbase’s award-winning spend management technology. This unified solution enables organizations to manage payroll a
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 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
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 CapitalItalian-based Skillvue raises $6.3M to transform how companies discover and develop hidden talent
HR tech platform evolves from recruitment tool to comprehensive skills partner as organizations struggle to identify capabilities in both candidates and employees. Milan, May 05, 2025 -- While 70% of HR professionals desperately search for
Venture CapitalIntuit to Acquire HR Platform GoCo to Build End-to-End HR Suite for SMBs
Intuit has announced its agreement to acquire GoCo, an HR and benefits platform focused on small and mid-market businesses. This strategic acquisition aims to transform Intuit’s Payroll into a full Human Capital Management (HCM) solution by
Venture CapitalTapcheck Secures $225M to Scale On-Demand Pay Platform Across U.S. Workforce
PLANO, Texas- Tapcheck , a leading on-demand pay provider, today announced it has raised $225 million in combined equity and debt financing. This latest funding includes a $25 million Series A extension round led by existing investor, Peak
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 NewsWorkday 2025 Spring Release: 350+ New Features, Updates, and AI Enhancements to Streamline HR and Finance Processes for Customers Around the World
Workday has unveiled its 2025 Spring Release, introducing over 350 new features and updates designed to streamline HR and finance operations. This update integrates AI innovations across recruiting, workforce management, and financial proce
Venture CapitalServiceNow to extend leading agentic AI to every employee for every corner of the business with acquisition of Moveworks
ServiceNow has signed a definitive agreement to acquire Moveworks, combining ServiceNow’s agentic AI and automation strengths with Moveworks’ front-end AI assistant and enterprise search capabilities. This move aims to deliver powerful AI-d
Venture CapitalTalent Intelligence Leader Loxo Raises $115M to Revolutionize AI Recruiting with Tritium Partners Investment
Loxo , a leading AI-powered talent intelligence platform, has secured a $115 million growth investment led by private equity firm Tritium Partners . This funding will accelerate AI and product development , further solidifying Loxo's positi
Company NewsThe Next Generation of Workforce Management is Here--Workday Unveils New Agent System of Record
Workday has introduced the Agent System of Record, a new AI-powered platform designed to help businesses manage their growing fleet of AI agents. This centralized system enables organizations to govern, track, and optimize both Workday and
Venture CapitalSelerix Acquires TBX® to Create an All-in-One Benefits Administration SaaS Platform
Selerix , a leading provider of cloud-based benefits administration solutions, has acquired The Benefits eXpert® ( TBX® ), a technology company specializing in employee benefits education and enrollment. The acquisition aims to create a com
Company NewsPaycor Reports 13% Revenue Growth in Q2 FY 2025, Announces $4.1B Acquisition by Paychex
Paycor HCM, Inc. (Nasdaq: PYCR) reported a 13% YoY revenue increase to $180.4 million in Q2 FY 2025, alongside improved operating margins. The company's adjusted operating income grew 36% to $31.8 million , while net loss significantly narr
Product NewsPaylocity Launches New Recruiting Features to Transform High-Volume Hiring
Paylocity has announced new features in its Recruiting platform to address the challenges of high-volume hiring, particularly in industries like retail and hospitality. These enhancements include streamlined recruiter scheduling, candidate
Venture CapitalDeel Acquires Assemble: A New Era in Global Compensation Management
Deel’s acquisition of Assemble marks a significant advancement in global workforce management. By integrating Assemble’s robust compensation management tools into Deel’s platform, businesses can now access a seamless, data-driven solution f
Venture CapitalLegion Technologies Secures $50M: AI-Powered Workforce Management on the Rise
Legion Technologies has secured $50 million in financing from Silicon Valley Bank, rounding out a $100 million funding round in 2024 and bringing its total funding to $195 million. Known for its AI-native, employee-centric workforce managem
Product Newsempinfo's Verification-as-a-Service (VaaS) Platform for Verifying Employment and Income is Now Available Online
EmpInfo has launched its Verifications-as-a-Service (VaaS) platform online, enabling credentialed verifiers to access nationwide employment and income records seamlessly. With its combination of "Instant" and "On-Demand Verifications," the
Product NewsSAP SuccessFactors Second Half 2024 Product Release: Embedding AI Across SAP SuccessFactors HCM
The SAP SuccessFactors 2H 2024 release brings over 250 innovative features, including 30 new AI capabilities designed to transform HR management. Key updates include enhanced AI-driven job recommendations, skills architecture creation, and
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