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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.
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.
SkillsRight acquires hellohive to fold resume tech into its skills-first talent platform
SkillsRight, a nonprofit building skills-first workforce tools, has acquired hellohive, a resume platform that helps candidates showcase skills. hellohive's technology will fold into SkillsRight's talent-intelligence ecosystem; deal terms were not disclosed.
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.
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.
Workday has a new CMO
Workday has named Sarah Kennedy Ellis as Chief Marketing Officer, effective October 5, 2026. She will report directly to co-founder and CEO Aneel Bhusri and take ownership of global marketing, communications, and brand strategy, with a stated mandate to advance Workday's AI-era growth story.
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
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
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.
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
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 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
Venture CapitalMetaview Acquires Reval as Recruiting AI Moves From Assistants to Autonomous AI Coworkers
Metaview has acquired AI-native recruiting firm Reval . Reval founders Seth Tilliss and Aditya Gupta will join Metaview to accelerate fillmore, its autonomous AI coworker. fillmore has attracted 2,000+ hiring managers and recruiting teams t
Venture CapitalMarsh McLennan Agency to Acquire Accel Holdings, Adding 130+ Employees and Seven Midwest Offices
Marsh McLennan Agency will acquire Iowa-based Accel Holdings, Inc. The Accel Group has 130+ employees and 7 offices across Iowa, Illinois, Missouri and Kansas, spanning insurance, employee benefits, agribusiness, wealth and retirement advis
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
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
Company NewsHRCI Announces Master Certificate in Human Resources for HR Professionals, People Managers, and Business Leaders
HRCI has launched its Master Certificate in Human Resources: 24 required courses, 96 learning hours and 96 recertification credits covering generative AI, analytics, compensation, compliance, ethics, talent management and people strategy. S
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
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...
iHire Launches Industry-Focused Marketplace for U.S.-Based Freelancers
iHire has launched an industry-focused freelance marketplace connecting employers with qualified, U.S.-based independent contractors. Its research found 61% of candidates view freelancing as appealing, while 56% of freelancers expect to take on more project-based...
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...
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...
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