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Paycom Q3 2024: A Financial Deep Dive – Revenues Climb to $452M, Up 11%
Paycom Software, Inc. reported robust financial results for the third quarter of 2024, announcing revenues of $452 million, an 11% increase year-over-year. The company's GAAP net income was $73 million, equivalent to $1.31 per diluted share, while non-GAAP net income stood at $93 million, or $1.67 p
Oct 30, 2024
R&D
Jet HR Raises €12M in Seed Funding to Revolutionize Payroll Automation in Italy
Jet HR, an Italian startup, has secured €12 million in Seed funding, bringing its total funding to €16.7 million. Founded by Marco Ogliengo and Francesco Scalambrino, Jet HR aims to simplify payroll and HR processes for businesses in Italy. The company has grown rapidly since its launch a year a
Sep 26, 2024
R&D
Ema Secures $50M in Series A Funding to Revolutionize Workplace Efficiency with AI
Ema, a leading generative AI company, announced the increase of its Series A funding to $50M, bringing its total raised to $61M. The latest $36M addition was led by Accel and Section 32, with participation from several notable investors. Ema's agentic AI system aims to revolutionize the workplace by
Aug 1, 2024
R&D
Indeed to Lay Off 1,000 Employees in Strategic Move to Simplify Operations
Indeed, the career site, announced the layoff of approximately 1,000 employees, constituting about 8% of its U.S. workforce. This decision, conveyed through a letter from CEO Chris Hyams, primarily affects the Research & Development and Go-to-Market teams. Unlike last year's 15% staff reduction
May 14, 2024
R&D
Legion Secures $50M Growth Investment Led by Riverwood Capital To Accelerate Market Growth and Drive Global Hourly Workforce Innovation
Legion Technologies, a leader in workforce management, has secured a $50 million funding round led by Riverwood Capital, with participation from various investors. This investment will enhance Legion's R&D and market expansion efforts, aiming to improve the work experiences of hourly employees w
May 7, 2024
R&D
Rippling Raises $200 Million at $13.5 Billion Valuation to Expand Integrated Business Software Suite
Rippling has successfully secured $200 million in new financing and arranged for the repurchase of up to $590 million in equity, involving both current and former employees as well as early investors. This funding round, which values Rippling at $13.5 billion, was led by Coatue and saw contributions
Apr 22, 2024
R&D
A New York- and Tel Aviv, Israel-based company Zorro Raises $11.5M in Seed Funding, led by Pitango and 10D
MARCH 28, 2023/--Zorro, a New York- and Tel Aviv, Israel-based company providing health benefits experience for employees, employers and brokers, raised $11.5M in Seed funding. The round was led by Pitango and 10D. The company intends to use the funds to further expand R&D efforts and sca
Mar 28, 2023
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