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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.
HR TechnologyWhen AI Does the Work, Who Manages the Worker?
From banking agents to skills acquisitions, today's deals force a question HR hasn't fully answered yet.
HR Technology M&AHR Path acquires UK Dayforce consultancy ModusForce to expand HCM capabilities in the UK & Ireland
HR Path, the global HR consulting and HRIS firm, has acquired ModusForce, a UK-based Dayforce consultancy, to strengthen its Dayforce/HCM, payroll and workforce-management capabilities in the UK and Ireland. Deal terms were not disclosed.
HR TechnologyThe Mid-Funnel Is Crowded — and Everyone's Trying to Own It
From consolidation plays to California's AI hiring crackdown, today's news circles one pressure point: who controls candidate evaluation, and under what rules.
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.
New Survey from Legion Technologies Finds Workforce Technology Is Improving Employee Flexibility and Operational Efficiency
Legion Technologies has released its 2026 State of the North American Hourly Workforce report, surveying hourly employees and managers across 11 industries. The headline finding, according to the company, is that modern workforce management (WFM) technology is enabling organizations to deliver greater schedule flexibility to workers while simultaneously improving operational efficiency — a pairing long assumed to involve painful trade-offs.
ESS Announces Acquisition of HeyTutor, Expanding K-12 Workforce Solutions with Tutoring and Academic Intervention Services - PR Newswire
ESS, a K-12 workforce solutions provider, has acquired HeyTutor, a tutoring and academic intervention services company. The deal reportedly extends ESS's managed workforce platform for school districts beyond traditional substitute and support staffing to encompass on-demand tutoring and academic intervention — addressing districts' growing need to source, vet, and deploy a broader range of educational personnel from a single provider. Financial terms were not disclosed.
Zalaris expands global payroll reach with HiBob integration, supporting HR teams across 100+ countries - People Matters - HR News
Zalaris has launched a native integration with HiBob, connecting HiBob's HRIS to Zalaris's payroll engine across more than 100 countries. The tie-up targets HR teams in multinational organizations seeking seamless HCM-to-payroll data flows without replacing either core platform.
HR TechnologyWorkforce Readiness Is the Day's Obsession — But Evidence Is the New Ask
Three vendors launched "readiness" products on the same day, which tells you something about where HR buyer anxiety is sitting right now.
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.
Phenom Named a 2026 Top HR Product of the Year by HR Executive
Phenom has been named a 2026 Top HR Product of the Year by HR Executive magazine, according to a September 15 announcement. The specific product or feature behind the designation was not disclosed in the announcement.
BoomerangHR emerges from stealth with $12.7M to automate offboarding and alumni networks
BoomerangHR launched from stealth with $12.7M in seed funding (led by Kalos Ventures and Album Ventures) for a platform that automates offboarding compliance and builds a verified alumni network matched to open roles. Warby Parker is an early customer.
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.
HR TechnologyNara Health Raises $14M to Reinvent Health Insurance Through AI Benefits Administration and Alternative Health Plans
Nara Health, a Chicago-based startup, has closed $14 million in combined pre-seed and seed funding led by Khosla Ventures. The company is developing an AI-native Third Party Administration platform designed to overhaul employer-sponsored health benefits, with a particular focus on offering alternative health plans that reduce premium costs for the roughly 170 million Americans covered through their employers.
G-P Secures #1 Position in HR Technology Advice’s (HRTA) Inaugural EOR Market Report - The Malaysian Reserve
G-P (Globalization Partners) has reportedly claimed the #1 ranking in HR Technology Advice's (HRTA) first-ever Employer of Record market report — a milestone that underscores both the company's market positioning and the growing analyst scrutiny of the EOR sector.
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.
Lockheed Martin Advances Workforce Transformation with SAP SuccessFactors Solutions
Lockheed Martin has gone live on a comprehensive SAP SuccessFactors cloud HCM suite — spanning Employee Central, Payroll, Recruiting, and Onboarding — consolidating HR operations for its approximately 123,000 employees and decommissioning legacy systems, with the unified data layer cited as a foundation for the company's broader AI workforce strategy.
Cadient's Authenticity Report Finds Up to 71% of Resumes Show AI-Written Content Amid Growing Scrutiny of AI Hiring - HRTech Series
Cadient's Authenticity Report claims that up to 71% of resumes now include AI-generated content, spotlighting a growing challenge for recruiting platforms and ATS vendors to reliably distinguish AI-assisted submissions from authentically human-written ones.
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
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 CapitalUK-Headquartered HiBob Secures $166M Investment Led by Salesforce to Build Organizational Intelligence for the AI Enterprise; Round Undisclosed
HiBob secured a $166M investment led by Salesforce, with Farallon Capital Management participating. The company is positioning Bob as an Organizational Intelligence layer, using trusted workforce context to make AI agents and enterprise dec
All in on continual feedback, Lattice acquires Pando
Lattice, a leading HR performance management platform, has acquired Pando in a move aimed at deepening its continuous feedback capabilities. The acquisition signals Lattice's intent to own a larger share of the real-time performance intelligence market, offering HR leaders a more integrated suite for ongoing employee development conversations — moving beyond periodic reviews toward always-on feedback loops.
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
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.
Company NewsWorkday Introduces AI Research Team Dedicated to Advancing Reliable, Trustworthy, and Efficient Enterprise AI
Workday has launched Workday AI Research to tackle enterprise AI challenges including agent memory, explainability and multi-agent orchestration. Its latest research reports 12% higher memory precision, ~8% better quality and 5.8% higher mu
Venture CapitalLattice Acquires Pando to Accelerate the Shift from Periodic Reviews to AI-Native Continuous Performance
Lattice has acquired Pando , the just-in-time performance platform. Pando founder and CEO Barbra Gago will join Lattice as Chief Marketing and Strategy Officer. The deal adds progression, evidence-based calibration and real-time performance
Venture CapitalCheckr Acquires Truv, Expanding Into a $45 Billion Identity and Verification Market
Checkr has acquired Truv, expanding its AI-powered verification platform into government benefits eligibility while strengthening mortgage verification. Truv’s network reaches 96% of the U.S. workforce; Checkr serves 140,000+ customers glob
Product NewshireEZ Rebuilds Its Recruiting Platform From the Ground Up Around AI Agents
hireEZ has rebuilt its talent acquisition platform around agents, with access starting Aug. 27. EZ Agent works across 1B+ professional profiles plus ATS and talent community data, while recruiters retain approval over strategy, shortlists a
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
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