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        Compt, a benefits platform for remote employees, has raised USD 13 million in a Series A funding round led by Battery Ventures.&nbsp;
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        The fresh funds will be used to expand Compt&rsquo;s customer base and employee headcount to 20 by the end of 2022 (currently 12).
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  <p>
    <a href="https://www.businesswire.com/news/home/20220414005012/en/Compt-Raises-13-Million-Series-A-Financing-Led-by-Battery-Ventures">
      Press release
    </a>
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  <p>
    <a href="https://techcrunch.com/2022/04/14/compt-nabs-10m-to-make-employee-perks-more-personal/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://www.finsmes.com/2022/04/compt-raises-13m-in-series-a-financing.html">
      FinSMEs
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  </p>
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Remote Work Infrastructure

Compt raises USD 13 million in Series A funding

ANALYST_QUICK_TAKE

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 <p>Wrapbook, a payroll startup company, has successfully raised a financing of USD 20 million from Bessemer Venture Partners in equity funding.</p>
 <p>This funding is intended to increase its remote employee base from approximately 280 to 400, to enhance its competitiveness against the established names in the entertainment payroll technology industry.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> The last funding round, held in <a href="https:<br>
//sp-edge.com/updates/6630"> November 2021 </a> , marked Wrapbook's achievement of unicorn status with a USD 100 million Series B investment. This recent funding round is important financially and strategically, as it helps drive the company's expansion efforts.</p>

Wrapbook raises USD 20 million in equity financing to expand workforce

PROMINENT_CATEGORY

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 <p>Zorro, a company known for its ICHRA administration platform, has recently launched a comprehensive range of platform enhancements aimed at brokers. These upgrades have been specifically developed to streamline the process of selling and administrating Individual Coverage Health Reimbursement Arrangements (ICHRAs).</p>
 <p>Some of the notable add-ons include a self-service quoting tool that offers real-time quotes and allocation models, simplified onboarding process via shared controls between brokers and Zorro, a transparent enrollment system offering complete access to employee data, and a new integrated payment system dubbed 'Zorro Pay.' Furthermore, the platform now boasts of payroll integration with a plethora of providers and enhanced compliance reporting and filings.</p>
 <p>According to Zorro, these newly integrated features will aid brokers in generating proposals ten times faster, effectively manage broker profiles, supervise employee enrollments more efficiently, completely eliminate any delays in carrier application submissions, reduce employer risks and efficiently manage compliance-associated tasks.</p>
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Zorro releases platform enhancements for brokers to improve efficiency

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 <p>Ayraa, a company that offers solutions for workplace productivity, has launched Ayraa 2.0, a knowledge management platform powered by AI. The platform's goal is to improve workplace efficiency with quick and accurate retrieval and management of information.</p>
 <p>The features of Ayraa 2.0 include advanced search capabilities, carefully curated knowledge bases, and smart tools for meetings. The platform uses a multi-threaded architecture said to enhance processing speed, provides semantic scoring and optimized indexing for accurate search results, and includes an AI-driven meeting assistant for transcriptions and summaries.</p>
 <p>According to the company, Ayraa 2.0 simplifies the decision-making process and makes workflows more efficient by offering centralized data insights and allowing users to create their own personal knowledge bases.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Ayraa’s only funding round occurred in <a href="https:<br>
//sp-edge.com/updates/1326"> June 2021 </a> , and the launch of Ayraa 2.0 is considered a key development for the company. The AI-powered knowledge management platform will help companies enhance employee productivity by providing quick and accurate information retrieval.</p>

Ayraa launches knowledge management platform Ayraa 2.0 to enhance workplace efficiency

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 <p>WorkBuzz, a firm specializing in employee engagement for deskless and frontline workers, has acquired Agenda Consulting. Agenda Consulting is a research consultancy with over two decades of experience in enhancing engagement within global not-for-profit organizations such as Plan International and WaterAid. The firm offers sector expertise and global benchmarking data, complementing the WorkBuzz's employee listening services.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This acquisition marks the next phase of WorkBuzz's US growth plans, allowing the company to expand its footprint in the American not-for-profit and charity sector.&nbsp;</p>

WorkBuzz acquires Agenda Consulting to expand US not-for-profit sector reach

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 <p>Payroll platform Zeal secured USD 15 million in a Series B funding round. The round was led by Portage, with contributions from existing investors Spark Capital and Commerce Ventures.</p>
 <p>This funding will support the introduction of product innovations. These include remote I-9 with E-Verify, custom paperwork, benefits administration, a white-label mobile app, pay cards and digital wallets, and wage access.</p>
 <p>Zeal's platform offers customization abilities for companies to adjust all aspects of their payroll process. The platform aids in automation, allowing businesses to streamline payroll operations, reduce operational costs, and ensure compliance.</p>
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Zeal raises USD 15 million in Series B funding to innovate payroll platform

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 <p>Personio, an HR software company in Europe for small and medium-sized businesses, recently revealed new AI-based features and a forthcoming AI assistant. These are part of Personio's Intelligent HR Platform, which intends to enhance the daily processes of HR teams.</p>
 <p>The new features are Proactive Insights, Smart Automations, and Dynamic Adaptability. Proactive Insights assist HR teams in identifying key trends and facilitating data-driven decisions, Smart Automations identify repetitive tasks and suggest workflows, and Dynamic Adaptability provides customizable templates and integrations. A new AI assistant, created specifically for HR teams, is set to launch soon in beta.</p>
 <p>According to Personio, these AI-enabled features will allow HR teams to save time, boost efficiency, and advance their daily processes.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The company is continuously rolling out new product updates to improve user experience and expand its offerings. In <a href="https:<br>
//www.personio.com/blog/q3-whats-new/"> September </a> 2024, Personio introduced enhancements in people analytics, performance reviews, and custom workflows.</p>

Personio introduces AI-powered features for HR teams to increase productivity

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 <p>WorkBoard, an enterprise strategy execution platform provider, recently launched new Artificial Intelligence (AI) features. The announcement was made at the Accelerate user conference and aims to enhance organizational, managerial, and team performance.</p>
 <p>The AI functionalities include creating draft objectives and key results (OKRs) from different sources, pinpointing cross-organization dependencies, formulating suggested action plans, providing personalized AI-based briefings, and giving managers access to an AI "Coach on Call." Performance auditing tools, like generating Impact Summaries and formatting performance review templates, are also included.</p>
 <p>WorkBoard believes these AI features will facilitate effective strategic priority translation, promote accountability and focus, and enable better team member coaching for managers.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> AI features are increasingly integrated into performance and engagement platforms to improve employee goal-setting and performance evaluations. WorkBoard's wide range of clients, from tech firms to healthcare and financial services, will benefit from the introduction of these AI-based tools.</p>

WorkBoard extends AI capabilities for productivity improvement and performance assessment

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 <p>Rippling has introduced Talent Signal, an Artificial Intelligence (AI) powered tool for assessing employee performance. This product uses AI to evaluate employees based on task-specific metrics. It merges HR, IT, and finance functions on Rippling's workforce management platform, providing accurate and detailed employee data.</p>
 <p>Talent Signal aims to reveal patterns in performance that might be missed by human managers. This could lead to better resource utilization and help decide which employees require accelerated progress or additional guidance. Managers can use the tool to form objective evaluations, setting aside any biased or subjective impressions.</p>
 <p>Rippling asserts that Talent Signal provides a less biased method of evaluation compared to traditional methods, promoting objectivity in employee assessment.</p>
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Rippling launches Talent Signal for improved employee evaluation

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 <p>Visier announced the introduction of new AI-product innovations targeted at executives. These involve Vee Boards, an expansion of Visier's AI digital assistant, Vee, and solutions specifically crafted for various C-suite roles. The aim of these products is to offer insights into people and work data at an organizational level.</p>
 <p>Vee Boards leverage GenAI to generate insights and advice for C-suite leaders that cater to each executive's unique role. The Boards incorporate AI-driven text explanations, AI-aided traffic lighting to spotlight areas of concern, and AI-crafted recommendations for advancements. The firm also unveiled an AI-analytic tool for chief revenue officers, developed on its People Data Platform, that scrutinizes sales team activities and measures their influence on revenue outcomes.</p>
 <p>According to Visier, these innovations are tools for executives to steer their organizations amidst difficult climates, enhance workforce output, and establish clear associations between people, work, and business outcomes.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Visier consistently utilizes AI-driven features to stay competitive in the remote work space. In early <a href="https:<br>
//sp-edge.com/updates/33201"> September 2024 </a> , it introduced a real-time people data platform that includes AI capabilities to offer insights into employee productivity and business performance, helping to tackle work-related challenges</p>

Visier launches AI-based product innovations for executives to provide workforce AI edge

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 <p>Jet HR, a Payroll and HR platform, secured EUR 12 million (~USD 13.4 million) in a seed funding round. The round witnessed participation from Picus Capital, Exor Ventures, Italian Founders Fund, and 2100 Ventures.</p>
 <p>This funding will be utilized to expand the team size, currently standing at 70 employees, with an emphasis on R&amp;D. New features such as contractor management are also expected to be introduced, enabling companies to pay contractors and employees in unison, thereby offering a comprehensive picture of the overall workforce and the associated costs.</p>
 <p>Founded in 2023, JetHR provides authorized payroll advisors and automation for hiring and payroll processes. The platform supports 300 client companies that include public companies such as HelloFresh and Octopus Energy.&nbsp;</p>
 
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All Updates

Compt raises USD 13 million in Series A funding

Wrapbook raises USD 20 million in equity financing to expand workforce

Zorro releases platform enhancements for brokers to improve efficiency

Ayraa launches knowledge management platform Ayraa 2.0 to enhance workplace efficiency

WorkBuzz acquires Agenda Consulting to expand US not-for-profit sector reach

Zeal raises USD 15 million in Series B funding to innovate payroll platform

Personio introduces AI-powered features for HR teams to increase productivity

WorkBoard extends AI capabilities for productivity improvement and performance assessment

Rippling launches Talent Signal for improved employee evaluation

Visier launches AI-based product innovations for executives to provide workforce AI edge

Jet HR raises EUR 12 million in seed funding to expand team and enhance R&D activities

Remote Work Infrastructure

Compt raises USD 13 million in Series A funding

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