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Human Resources New Technology Quarterly Summary: Q2 2022

A July 2022 article in the New York Times reports that for the first time in three years, start-up funding is dropping. Investments in U.S. tech start-ups plunged 23 percent over the prior three months, to $62.3 billion, the steepest fall since 2019. The funding and development of HR technologies in the second quarter of 2022 continued at a high level, though there were fewer announcements in the quarter.

In total, there were 174 major announcements (those with at least $1 million in funding) in the quarter, down substantially from the 246 in the first quarter of 2022 but up from the 150 in the second quarter of 2021.

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Tags: HR Technology, HRO Today Research

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