In February 2023, DHRmap compiled and published a total of 33 investment and financing news, of which 23 were investment news and 10 were acquisition news. Meanwhile, several prominent leaders in the HR field, such as Workday, the Adecco Group, TriNet, and Recruiting Holdings, have also released their annual reports for their fiscal years.

Among the investment cases in February, influenced by the release of ChatGPT, AI-related technology became a major direction in the HR Tech sector, reflecting the market's demand for AI technology in HR. AI technology is used by various HR providers in their products and platforms to facilitate users more efficiently.

Let's take a look at a few of the most representative examples of February investments.

• On February 9th, Rezolve.ai, a leading AI-powered service desk provider based in CA, closed an $11 million Series A funding round to aid its scaling growth and enhancing the platform's capabilities. Its instant, AI-powered service desk experience for employees and employers alike, has saved billions in direct costs and increasing employee productivity to the next-level.


• On February 24th, WorkLLama, a technology provider of an AI-driven, talent marketing, relationship management, and direct sourcing suite, has secured $50 million in investments, an indication of the market's demand for modern technology to access highly skilled, on-demand talent at scale.


• On February 28th, EvolutionIQ received $7M in a Series B investment to help it further develop AI-powered Claims Guidance.

Among the 10 acquisition news released in February, the acquirers involved mainly made acquisitions of similar business types or related technical support companies for further expansion of their main business and platforms.

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