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Venture Capital
Venture Capital
New 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 Berman, Morgan Stanley, Franklin Templeton, and TIAA Ventures. With this financing, Vestwell has now raised a total of $660 million. The Series E doubles
Feb 18, 2026
HRTech Product
Product News
Fountain Reinvents the Frontline Worker Hiring Funnel with AI: ‘Pool’ and ‘Source’ to Help Employers Find Qualified Workers Faster and Lower Acquisition Costs Share
Fountain launched Pool and Source inside Frontline OS to help employers cut wasted recruiting spend. Powered by Anthropic’s Claude AI, the tools rediscover past applicants, automate outreach via email/SMS, and optimize sourcing budgets with real-time performance tracking to reduce time-to-hire and acquisition costs. Fountain addresses wasted recruiting spend by using agentic AI to evaluate
Jan 29, 2026
Company News
Company News
TriNet reported FY2025 revenue of $5.010B (-1% YoY), with average WSEs down 5% to 333,886. Adjusted EBITDA reached $425M (8.5% margin) and Free Cash Flow rose 16% to $234M. FY2026 revenue guidance: $4.75B–$4.90B. Stock repurchase authorization expanded to $400M. DUBLIN, Calif., Feb. 12, 20
Feb 12, 2026
Company News
Phenom acquires Be Applied to embed adaptive cognitive assessments into its AI hiring platform. Enterprises can now validate skills at scale, reduce mis-hires (costing 30%+ of salary), and support skills-first hiring as 63% of employers cite skills gaps as top risk. Faster, fairer screening built in
Feb 10, 2026
Acquisition
Acquisition
Philadelphia-based Phenom Acquires Be Applied to Scale Skills-First Hiring with Cognitive AI
Phenom acquires Be Applied to embed adaptive cognitive assessments into its AI hiring platform. Enterprises can now validate skills at scale, reduce mis-hires (costing 30%+ of salary), and support skills-first hiring as 63% of employers cite skills gaps as top risk. Faster, fairer screening built in
Feb 10, 2026
Earnings
Earnings
TriNet reported FY2025 revenue of $5.010B (-1% YoY), with average WSEs down 5% to 333,886. Adjusted EBITDA reached $425M (8.5% margin) and Free Cash Flow rose 16% to $234M. FY2026 revenue guidance: $4.75B–$4.90B. Stock repurchase authorization expanded to $400M. DUBLIN, Calif., Feb. 12, 20
Feb 12, 2026
Earnings
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 million, up 11.3% year-over-year, while total revenue wa
Feb 6, 2026
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