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Picus Capital

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  • AI-First HR Stack Secures $12M, Poised to Transform Payroll and Talent Management

    **The big picture:** Dubai-based HR-tech startup Cercli has raised an oversubscribed $12 million Series A round to launch its AI-native HR platform, designed as an alternative to legacy systems. The company currently processes over $100 million in annual payroll. **Why it matters:** This significant investment highlights the accelerating shift towards AI-driven HR solutions, promising enhanced efficiency and data-driven decision-making for staffing and talent acquisition leaders. It signals a new wave of disruption in the HR technology landscape. **Between the lines:** - Cercli secured $12 million in Series A funding, led by Picus Capital. - The platform is built as an AI-native alternative to traditional HR systems. - Founded by ex-Careem operators Akeed Azmi and David Reche. **Staffing & HR impact:** AI-first HR stacks can streamline recruitment workflows, reduce administrative overhead, and potentially impact recruiter mobility by automating routine tasks. Compliance management may also see significant efficiency gains, freeing up HR professionals for strategic initiatives. **The bottom line:** The race for AI dominance in HR is accelerating, demanding strategic adoption and adaptation from workforce leaders to stay competitive.

    🏢 Company UpdateTue, Sep 29, 2026
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