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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Workday 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
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
Riviera Partners Acquires Lateral Labs to Expand AI and Machine Learning Talent Search Capabilities
Riviera Partners has acquired Lateral Labs, a specialized recruiting firm serving top AI startups. The deal expands Riviera’s AI and ML talent search capabilities from seed-stage startup through IPO, spanning research, infrastructure, engineering, product...
Venture CapitalSan Francisco-based Worki Raises $2.75M Pre-Seed to Build AI Workforce Infrastructure
Worki , a San Francisco-based healthcare workforce infrastructure company, has raised $2.75 million in pre-seed funding led by Redesign Health and Healthliant Ventures. The company aims to address a critical gap in healthcare AI adoption by
HotNewsThe HR AI Forward Maturity Framework: A New Standard for AI Capability in HR
Why a Framework — and Why Now The challenge facing HR professionals today is not awareness. Most people working in HR have heard of AI, tried a tool or two, and can describe in broad strokes what it might do for their work. The challenge is
Venture CapitalParaform Raises $40 Million Series B to Scale Its AI-Powered Hiring Platform, Bringing Total Funding to $65 Million
Paraform announced its Series B, bringing total funding to $65M. The round was led by Scale Venture Partners, with participation from Felicis, A* Capital, and Liquid 2 Ventures. Axios reported the Series B itself was $40M. Paraform says it
Company NewsPaylocity Announces Second Quarter Fiscal Year 2026 Financial Results
Paylocity Holding Corporation (Nasdaq: PCTY) reported second quarter fiscal year 2026 results (quarter ended December 31, 2025), highlighting double-digit revenue growth and expanding profitability. Recurring & other revenue reached $387.0
Venture CapitalSwitzerland & US AI Learning Startup Scholé AI Raises $3M Seed Funding to Close Enterprise AI Skills Gap
Scholé AI raised $3M led by ACE Ventures to scale its AI-native learning platform. Founded by EPFL researchers, it delivers personalized, role-based training embedded in daily workflows. Partners include Harvard, Bank of America, NASA, Micr
Venture CapitalDocebo Acquires France-Based 365Talents for $54.6M to Expand AI-Powered Skills Intelligence
Docebo Inc. announced the acquisition of France-based 365Talents, an AI-powered skills intelligence and workforce analytics company, in a transaction valued at approximately USD$54.6 million in cash, with an additional earn-out of up to USD
Company NewsPaylocity Announces First Quarter Fiscal Year 2026 Financial Results
Paylocity reported a solid start to FY2026 with total revenue of $408.2M (+12% YoY) and recurring & other revenue of $378.9M (+14% YoY). Profitability remained strong, highlighted by adjusted EBITDA of $146.4M (35.9% margin) and GAAP net in
Company NewsUpwork Reports Third Quarter 2025 Financial Results
Upwork posted record Q3 2025 results with revenue of $201.7M (+4% YoY), GAAP net income of $29.3M (+6% YoY), and an all-time-high adjusted EBITDA of $59.6M (30% margin). AI work on the marketplace accelerated—AI-related GSV rose 53% YoY whi
Venture CapitalMercor Raises $350 Million Series C, Hits $10 Billion Valuation Amid AI Workforce Boom
In a major recent development, Mercor has announced a USD 350 million Series C round, led by Felicis with participation from Benchmark, General Catalyst and Robinhood Ventures—bringing the company’s valuation to approximately USD 10 billion
Venture CapitalIsraeli Startup Gain Introduces AI Workforce Layer, Raises $12M to Redefine Procurement
Gain , an Israel-based deeptech startup, has launched its first AI Employees designed to manage end-to-end procurement processes. The company announced a $12M seed funding round led by The Garage, with participation from BlueRed Partners an
Company NewshireEZ Appoints Dr. Tianlong Chen as Chief AI Scientist to Lead Next-Generation Agentic AI for Talent Acquisition
hireEZ appointed Dr. Tianlong Chen (UNC Chapel Hill) as Chief AI Scientist to lead the hireEZ AI Lab and accelerate its Agentic AI roadmap. Building on hireEZ’s early AI-sourcing work (since 2016) and its all-in-one platform, the new resear
Company NewsUpwork Inc. Introduces Lifted, a Subsidiary Serving Enterprises with Full Suite of Contingent Workforce Solutions
Upwork Inc. has launched Lifted, a wholly owned subsidiary designed to help enterprises manage the full spectrum of contingent workforce needs, including independent contractors, AOR, EOR, staff augmentation, and SOW engagements. Built on r
Company NewsUpwork Reports Second Quarter 2025 Financial Results
Upwork reported strong Q2 2025 financial results, with record revenue of $194.9 million , GAAP net income of $32.7 million , and adjusted EBITDA of $57.1 million , marking a 17% profit margin and a record 29% EBITDA margin. The company rais
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 CapitalWorkWhile Secures $23 Million Series B, Fueling AI-Powered Revolution in $650B Staffing Industry
WorkWhile , an AI-driven labor platform transforming the $650B staffing industry, has raised $23 million in a Series B round led by Rethink Impact. The company leverages machine learning to match businesses with reliable hourly workers, ach
Product NewsHomebase Launches AI Hiring & Scheduling Assistants for Small Businesses
Homebase has launched two AI-powered assistants—Hiring Assistant and Scheduling Assistant—to tackle the biggest time-consuming challenges for small businesses: hiring and scheduling. Built specifically for hourly teams, these tools automate
Company NewsOutdated HR Systems Cost Government $1 Billion Annually, New Workday Report Shows
PLEASANTON, Calif. , May 12, 2025 -- A new report from Workday, Inc . (NASDAQ: WDAY ), the AI platform for managing peopl e , money , and agents , reveals that outdated federal human resources systems are costing taxpayers nearly $1
Company NewsPaylocity Q3 FY2025 Revenue Rises 13% to $454.5M, Adjusted EBITDA Hits $197M
Paylocity reported strong third-quarter fiscal 2025 results, highlighted by double-digit revenue and earnings growth. The company posted total revenue of $454.5 million, up 13% year-over-year, with recurring revenue rising 15% to $421.1 mil
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
Company NewsAlight Reports Q4 2024 Earnings: $680M Revenue with 9.8% BPaaS Growth
Alight, Inc. (NYSE: ALIT) reported its fourth quarter and full-year 2024 financial results, demonstrating resilience despite a slight revenue decline. Q4 revenue stood at $680 million, with Business Process as a Service (BPaaS) revenue grow
Company NewsUpwork Reports Fourth Quarter and Full Year 2024 Financial Results
Upwork reported record-breaking financial results for Q4 2024 and the full year 2024 , achieving all-time highs in revenue ($769.3M, up 12%) , GAAP net income ($215.6M, up 360%) , and adjusted EBITDA ($167.6M, up 129%) . The company also sa
Company NewsPaylocity Announces Second Quarter Fiscal Year 2025 Financial Results
Paylocity reported strong financial results for Q2 FY2025, with total revenue reaching $377.0 million, a 16% YoY increase. Recurring & other revenue grew 17% YoY to $347.7 million, driven by strong sales and product innovation. GAAP operati
Company NewsDayforce Reports $1.76B in Revenue for 2024, Driving HR Tech Growth
Dayforce , a leading human capital management (HCM) technology provider, reported strong financial results for Q4 and FY 2024, with total revenue reaching $1.76 billion (up 16.3% YoY) and recurring revenue climbing to $1.34 billion (up 20.6
Venture CapitalWorkera Announces Strategic Investment from Accenture
Workera has announced a strategic investment and collaboration with Accenture, integrating Workera's AI-powered skills intelligence platform into Accenture's LearnVantage. This partnership aims to advance the adoption of skills-first strate
Venture CapitalCoram AI Raises $13.8 Million in Series A Funding to Bring AI to Video Security, Boosting Workplace Safety and Efficiency
Coram AI, a cutting-edge leader in AI-native video security, has secured $13.8 million in Series A funding to revolutionize workplace safety and operational efficiency. With technology leveraging advanced vision and language models, Coram’s
Product News15Five Launches AI-Powered Predictive Impact Model, Helping HR Leaders Maximize Investments in Employee Engagement with Pinpoint Accuracy
15Five has unveiled its Predictive Impact Model, an AI-powered tool designed to help HR leaders strategically address employee engagement by leveraging precise, data-driven insights. Built on over six years of engagement data, the model use
EarningsAlight Reports $555M Revenue and $75M Stock Repurchase in Q3 2024
Alight , Inc., a leader in cloud-based human capital technology, reported a revenue of $555 million for Q3 2024, marking a slight decrease from the previous year. Despite a net loss of $44 million, Alight's gross profit improved, reaching $
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