When was Hourly founded?

Hourly was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is Hourly located?

Hourly is headquartered in Palo Alto, United States. It is registered at 660 Homer Ave, Palo Alto, CA 94301, US.

Who is the current CEO of Hourly?

Tom Sagi of Hourly. They have also founded 1 company.

How many employees does Hourly have?

As of Jun 30, 2026, the latest employee count at Hourly is 131.

Is Hourly a funded company?

Hourly is a funded company, having raised a total of $34.2M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 18, 2019.

When was the latest funding round of Hourly?

Hourly's latest funding was a $***** Series A round on May 10, 2022, with participation from 7 investors. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $2.59B in funding in 2026 to date.

Where does Hourly rank among its competitors?

Hourly ranks 58th amongst 9937 active competitors, of which 530 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Deel, which secured $300M in Oct, 2025.

Who are the top competitors of Hourly?

Hourly's top competitors include Workday, Gusto and Intuit. Among them, Deel secured the most recent funding round in October, 2025.

Hourly - 2026 Company Profile, Team, Funding & Competitors

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

Series A, May 10, 2022, $*****

Investors

Glilot Capital Partners & 15 more

Ranked

58^th among 9937 active competitors

Employee Count

131 as on Jun 30, 2026

Similar Companies

Gusto & 1273 more

View Hourly's full profile

Hourly is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Hourly, Inc. CIN: 20231013295 , United States, Active	Jan 03, 2023	-	-	-

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 12 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	8786192	Series A	2813966	8589889	1092618	2833457
Dec 18, 2019	7054257	Seed	2842133	5499505	Aya Peterburg & 1 more	Inovia Capital & 3 more

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View details of Hourly's funding rounds and investors

The founders of Hourly are Shay Litvak and Tom Sagi. Tom Sagi is the CEO of Hourly.

Here 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
Tomer Sagi	Independent board member	-	Current	6y 9m
gslkkyh	Independent board member	-	Current	9y 5m
zpfxybu	Independent board member	-	Current	2y 6m
ikqzkxp	Independent board member	-	Current	3y 1m
dl{wkac	Independent board member	-	Current	8y 9m
wexkks{	Independent board member	-	Current	7y 6m
pnafhce	Independent board member	-	Current	4y 8m

View details of Hourly's Founder profiles and Board Members

Hourly's employee count trend

Hourly has 131 employees as of Jun 26. Here is Hourly's employee count trend over the years:

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Top competitors of Hourly include Workday, Gusto and Intuit. Here is the list of Top 10 competitors of Hourly, ranked by Tracxn score:

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	Greylock Partners, New Enterprise Associates ... & 11 others	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	T. Rowe Price, CapitalG & 84 others	84/100
3rd	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Europa, Morgenthaler & 25 others	83/100
4th	Oracle 1977, Austin (United States), Public	Provider of cloud-based enterprise software solutions for applications, platform, and infrastructure management	-	Europa, Signal Lake & 32 others	83/100
5th	Visma 1996, Oslo (Norway), Acquired	Developer of cloud software for business management and accounting tasks	$198M	Aeternum Capital, Vind & 27 others	82/100
6th	SAP 1972, Germany, Public	Provider of business applications, technology, and cloud enterprise resource planning	-	Europa, Elliott Management & 11 others	81/100
7th	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	Star Ventures, Prospect Capital & 3 others	81/100
8th	Infor 2002, New York City (United States), Acquired	Cloud based ERP software for multi industries	$1.52B	Lyca Mobile, LC Waikiki & 18 others	79/100
9th	Deel 2019, San Francisco (United States), Series E	Provider of global payroll, compliance, and human resources solutions	$982M	Andreessen Horowitz, Spark Capital & 54 others	79/100
10th	The Access Group 1991, Loughborough (United Kingdom), Acquired	Developer of business management software for finance human resources payroll	$1.49B	Lyceum Capital, Hg & 21 others	78/100
58th	Hourly 2018, Palo Alto (United States), Series A	Cloud-based payroll management for enterprises	$34.2M	Glilot Capital Partners, Vintage Investment Partners ... & 14 others	66/100