Oyster, a U.S.-based payroll and HR platform for distributed workforces, has raised $59 million in a Series D funding round, increasing its valuation to $1.2 billion. Despite market resets, Oyster has maintained and slightly increased its valuation since its last round in 2022. The company emphasizes its focus on global employment, especially in emerging markets. With the new funding, Oyster plans to expand its team and develop new features, including global payroll and visa sponsorships. CEO Tony Jamous highlights Oyster's mission to democratize job opportunities worldwide and differentiate itself by providing cross-border employment solutions.
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