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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
WTW introduces Rewards AI with conversational analytics for modern rewards teams
Willis Towers Watson (WTW) has introduced Rewards AI, a generative AI-powered compensation intelligence platform designed to modernize how HR and rewards professionals analyze and act on pay data. Announced from New York, the solution combines WTW’s proprietary rewards datasets with a conversational interface that enables users to query complex compensation information using natural language. Th
Feb 2, 2026
Company News
Company News
DailyPay announced a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million and pushing its total debt financing backed by On-Demand Pay receivables above $1 billion. The expanded facility supports growing demand for DailyPay’s On-Demand Pay platf
Feb 19, 2026
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
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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