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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.
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
Company NewsSegal Survey Projects Health Plan Cost Trend to Reach 15-Year Historic Highs Driven by GLP-1s, Inflation, AI, and Surprise Billing Arbitration
Segal’s 2027 Health Plan Cost Trend Survey projects that the median cost trend for employer-sponsored medical plans will reach 9.9%, approaching a 15-year high, while prescription drug costs are expected to rise 11.5%. Based on responses re
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...
Paylocity Launches Paylocity Retirement, Integrating 401(k) Administration into Payroll and HR
Paylocity (NASDAQ: PCTY) has launched Paylocity Retirement, embedding Vestwell's retirement technology directly into its HCM platform. Employers can manage payroll, HR, and retirement plans in one system, while employees gain access to 401(
Venture CapitalNEOGOV acquires Miller Mendel, integrating eSOPH to strengthen AI-powered background investigations
NEOGOV acquires Miller Mendel Inc., integrating eSOPH into its AI-powered background investigation platform Vetted. eSOPH serves 300+ agencies and has processed 300,000+ investigations. The move expands NEOGOV’s reach in public safety hirin
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
Product NewsSafeguard Global Launches Intelligent Workforce Tool to Transform Global Hiring and Workforce Optimization
Safeguard Global launches “Intelligent Workforce,” an AI-powered platform enabling companies to compare hiring scenarios across 187 countries in minutes. Combines real-time cost data + insights from 400+ in-country experts to optimize globa
Venture CapitalLondon-based frontline AI platform Sona raises $45M Series B to accelerate U.S. expansion and operational reinvention
Sona has raised $45M in Series B led by N47, with Felicis, Northzone, Gradient, and Italian Founders Fund participating, bringing total funding to $100M+. The London-headquartered company is expanding in the U.S. and building an AI-native p
Venture CapitalOrigin Raises $30M Series A+ to Build Global Benefits Intelligence Platform
Origin has raised $30M Series A+ led by Notion Capital, bringing total funding to $50M+ in 12 months. Its AI-powered platform, Cuido™, helps enterprises unify fragmented global benefits data, improve visibility, and reduce costs — with clie
Venture CapitalFindem to Acquire Glider AI to Disrupt the $650B Staffing Industry
Findem announced it will acquire Glider AI to build an end-to-end AI hiring platform delivering “hire-ready candidates.” The combined solution integrates talent discovery, skills validation, AI interviews, and identity verification—targetin
Venture CapitalEl Segundo-Based NEOGOV Buys PowerDetails to Unite On-Duty and Off-Duty Scheduling
NEOGOV has acquired PowerDetails , expanding its public safety workforce platform to cover both on-duty and off-duty scheduling. PowerDetails serves 99,000+ users and has scheduled 7.5M+ off-duty and overtime jobs, strengthening NEOGOV’s un
Venture CapitalAI-Native Hiring Platform Elly Secures $8M to Reinvent Interview and ATS Workflows
Elly , operated by Recruit Tech Labs dba Elly, launched its AI-native hiring platform and raised $8M led by Sorenson Capital, with Atomic and Next Wave Capital participating. Early users report up to 1h45m saved per candidate and 10h/week s
Venture CapitalNew York Savings Infrastructure Platform Vestwell Raises $385M to Expand AI-Native Capabilities
Vestwell has raised $385 million in Series E funding, doubling its valuation since its 2023 Series D. The round was led by Blue Owl Capital and Sixth Street Growth, with participation from major institutional investors including Neuberger B
Venture CapitalVestwell Completes Accrue 401k Acquisition, Expanding Platform Capabilities
Vestwell completed its acquisition of Accrue 401k. Starting Jan 30, 2026, nearly 30,000 plans and ~350,000 savers will transition to its payroll-integrated savings platform. Plans connected to QuickBooks, Rippling, Paylocity, Deel, Square,
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
Company NewsNew Workday Research: Companies Are Leaving AI Gains on the Table
Workday released new global research revealing a critical gap between AI-driven productivity gains and real business value creation. While 85% of employees report saving one to seven hours per week using AI, nearly 40% of that time is lost
Venture CapitalVestwell to Acquire Accrue 401k, Becoming the Platform for Nearly 30,000 Guideline Plans
Vestwell announced an agreement to acquire Accrue 401k, the entity formed to support the nearly 30,000 Guideline retirement plans excluded from Gusto’s acquisition of Guideline. Once finalized, approximately 350,000 savers across small and
Venture CapitalLettuce Financial Secures $28 Million Series A Funding to Expand Its AI-Powered Operating System for One-Person Businesses
Lettuce Financial has secured $28 million in funding to expand its AI-powered operating system for solopreneurs and has acquired benefits startup Besolo to integrate healthcare access. The platform serves businesses of one, streamlining ta
Venture CapitalFindem Raises $51 M Series C (USA) to Build World’s Largest Expert-Labelled Talent Dataset
In a significant development for HR tech, Findem has raised $51 million in Series C funding to revolutionize talent acquisition through AI powered by expert-labeled, 3D human data. The round, led by SLW with participation from Wing Venture
Product NewsiHire Introduces Interview Scheduling Tool to Accelerate the Hiring Process
iHire , a leading industry-specific employment platform, has launched a new interview scheduling tool embedded in its ATS (Applicant Tracking System). Employers with a Job Slot subscription can now sync their calendars (Outlook, Google, Wi
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
Product NewsDraup Launches Etter.ai to Redefine Workforce Planning with Agentic AI
Draup has launched Etter.ai , an agentic AI platform designed to help enterprises transform their workforce strategies. Built on Draup’s extensive global labor and market data, Etter decomposes job roles into individual tasks, classifying t
Company NewsJosh Bersin Company Research Reveals How Talent Acquisition Is Being Revolutionized by AI
The Josh Bersin Company has released new research, in collaboration with AMS, revealing how AI is revolutionizing talent acquisition (TA). The $850 billion global recruiting market is undergoing a seismic shift from manual, fragmented recru
Venture CapitalWorkday Signs $1.1B Deal to Buy Sana, Bringing AI Agents and Learning Tools to 75M Users
Workday has announced a definitive agreement to acquire Sana, an AI-driven enterprise knowledge platform, for approximately $1.1 billion . Founded in 2016, Sana is known for its AI-powered products—Sana Learn and Sana Agents—used by over on
Venture CapitalGusto to Acquire Guideline, Creating a Unified HR and Retirement Platform for Small Businesses
Gusto has announced an agreement to acquire Guideline , a leading retirement benefits platform serving over one million people and 65,000 small businesses. The deal, pending final approvals, aims to create a unified solution for payroll, HR
Company NewsChime and Workday Partner to Deliver a Comprehensive Employee Financial Wellness Solution to Millions
Workday has named Chime its Strategic Financial Wellness Partner, making Chime Workplace available to Workday customers via Workday Wellness. Workday serves 11,000+ organizations (including 60% of the Fortune 500), positioning this integrat
EarningsAdecco Group H1 2025 Results: Market Share Rises Despite Revenue Decline and Margin Pressures
The Adecco Group, a global leader in workforce solutions, released its Half-Year 2025 results today, showing a strong gain in market share amid continued macroeconomic uncertainty and structural headwinds in key markets such as Germany. Whi
Venture CapitalSan Francisco-Based CandorIQ Raises $4.8M Seed Round to Reinvent Compensation and Workforce Planning with AI
CandorIQ , an AI-powered compensation and workforce planning platform based in San Francisco, has raised $4.8 million in seed funding led by Array Ventures with participation from Y Combinator, CRV, and Switch Ventures. The platform helps H
Venture CapitalBetterComp Secures $33M Series A to Expand into New Markets & Advance AI in Compensation Practices
BetterComp , a compensation management software provider based in Walnut Creek, California, has secured $33 million in Series A funding led by Ten Coves Capital. This marks the company’s first institutional funding after years of bootstrapp
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