Hourly - About the company
Hourly is a series A company based in Palo Alto (United States), founded in 2018 by Shay Litvak and Tom Sagi. It operates as a Cloud-based payroll management for enterprises. Hourly has raised $34.2M in funding from Glilot Capital Partners, with a current valuation of $*****. The company has 9889 active competitors, including 487 funded and 526 that have exited. Its top competitors include companies like Workday, Gusto and Oracle.
Company Details
Cloud-based payroll management for enterprises. It offers features for payroll management, automated tax filing, attendance and time tracking, worker app, deposits, compliance management, comp insurance, etc. It is a tool available on the subscription-based pricing model. The application is available for both Android and IOS platforms.
- Website
- www.hourly.io/
- Social
- Email ID
- *****@hourly.io, *****@hourly.io
- Phone Number
- +1 **********
- Registered Address
- 660 Homer Ave, Palo Alto, CA 94301, US
Key Metrics
Founded Year
2018
Location
Palo Alto, United States
Stage
Series A
Total Funding
$34.2M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jul 16, 2025
Investors
Ranked
114th among 9889 active competitors
Employee Count
130 as on Sep 30, 2026
Legal entities associated with Hourly
Hourly is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Hourly, Inc. CIN: 20231013295 , United States, Active | Jan 03, 2023 | - | - | - |
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Hourly's funding and investors
Hourly has raised a total funding of $34.2M over 2 rounds. Its first funding round was on Dec 18, 2019. Its latest funding round was a Series A round on May 10, 2022 for $*****. 7 investors participated in its latest round. Hourly has 13 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Hourly:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 10, 2022 | 7912240 | Series A | 5742032 | 4245751 | 1461331 | 5654837 |
Dec 18, 2019 | 3867728 | Seed | 3310232 | 8641843 |
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Hourly's founders and board of directors
Founder? Claim ProfileHere are the details of Hourly's key team members:
- Shay Litvak: Co-Founder & CTO of Hourly and founder of 1 other company. They serve on the board of 1 company.
- Tom Sagi: Co-Founder & CEO of Hourly and founder of 1 other company. Contact Info: 2 email addresses
Hourly's Board of Directors
Hourly's board has 7 active members. Tomer Sagi, Shay Litvak, Haim Sadger, Amir Faintuch, Lior Litwak, Aiala Peterburg and Tal Sagi are independent board members.Here is the list of Hourly's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 6y 11m | |
xwytost | Independent board member | - | Current | 3y 5m |
qbciblc | Independent board member | - | Current | 8y 4m |
ztyzvdy | Independent board member | - | Current | 5y 5m |
flbfhdo | Independent board member | - | Current | 7y 9m |
jjv{yby | Independent board member | - | Current | 8y 5m |
kcawuiy | Independent board member | - | Current | 8y 3m |
View details of Hourly's Founder profiles and Board Members
Hourly's employee count trend
Hourly has 130 employees as of Sep 26. Here is Hourly's employee count trend over the years:
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Hourly's Competitors and alternates
Top competitors of Hourly include Workday, Gusto and Oracle. Here is the list of Top 10 competitors of Hourly, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Workday 2005, Pleasanton (United States), Public | Developer of cloud software for human resources finance and operations | $352M | 88/100 | |
2nd | Gusto 2012, San Francisco (United States), Series E | Cloud-based payroll, benefits, and HR software for small and medium-sized businesses | $718M | 84/100 | |
3rd | Oracle 1977, Austin (United States), Public | Provider of cloud-based enterprise software solutions for applications, platform, and infrastructure management | - | 83/100 | |
4th | Intuit 1983, Mountain View (United States), Public | Provider of financial, accounting, tax preparation, and marketing automation software | - | 83/100 | |
5th | Provider of business applications, technology, and cloud enterprise resource planning | - | 81/100 | ||
6th | The Access Group 1991, Loughborough (United Kingdom), Late Stage | Provider of business management software for diverse commercial industry sectors | $1.49B | 79/100 | |
7th | Infor 2002, New York City (United States), Acquired | Cloud based ERP software for multi industries | $1.52B | 79/100 | |
8th |  Sage 1981, Newcastle Upon Tyne (United Kingdom), Public | Provider of cloud-based enterprise software solutions for accounting, finance, and people management | - | 78/100 | |
9th | Cloud-based platform providing digitized rewards, incentives, loyalty, and payouts solutions for businesses worldwide | $101M | 78/100 | ||
10th | Deltek 1983, Herndon (United States), Acquired | Cloud based enterprise resource planning software provider for multi industries | $107M | 77/100 | |
114th |  Hourly 2018, Palo Alto (United States), Series A | Cloud-based payroll management for enterprises | $34.2M | 59/100 |
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Hourly's Investments and acquisitions
Hourly has made no investments or acquisitions yet.
Reports related to Hourly
Here is the latest report on Hourly's sector:
News related to Hourly
Filter this list•
Fintech Hourly merges with WeSure US at $168M valuation,raises $10M moreCTech•Jul 16, 2025•Wesuregroup, Hourly
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Hourly.io Implements Origami Risk Core Solution to Automate Workers’ Comp Policy Rating, Provide Instant QuotesBusiness Wire•Jan 10, 2024•Hourly, Origami Risk
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Hourly.io Selects Origami Risk Core Solution to Automate Workers’ Comp Policy Rating and IssuanceBusiness Wire•Oct 16, 2023•Hourly, Origami Risk
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Hourly.io Announces MGA Collaboration with Great American Insurance GroupFintech Finance•Nov 10, 2022•Hourly, Great American Insurance Group
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Hourly.io, Great American Insurance Announce MGA CollaborationInsurance Journal•Nov 08, 2022•Hourly, Great American Insurance Group
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Sienna Investment Managers Announces New Venture Capital Team, Hourly.io is First InvestmentPR Newswire•Nov 01, 2022•Hourly, Sienna
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Hourly.io Taps Markel's Exec as Head of UnderwritingPR Newswire•Jul 15, 2022•Hourly, Markel Corporation
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Hourly.io Scores $27 Million Series Asvdaily.com•Jun 17, 2022•Hourly, Glilot Capital Partners, S Capital VC, MS&AD Ventures and 3 others
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