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Human Resources New Technology Quarterly Summary: Q3 2022

2022 has proven to be an overall nightmare for venture capital funding. According to Crunchbase, a leading provider of investment and funding information, North American startup investments for the third quarter of 2022 totaled less than half of its Q3 2021 levels, driven by an even steeper drop in late-stage financing. While the funding and development of HR technologies in the third quarter of 2022 remained substantial, it was far less than what has occurred in recent quarters.

In total, there were 107 major announcements (those with at least $1 million in funding) in the quarter, down substantially from the 174 announcements in the second quarter of 2022 and about one-half as many as the third quarter of 2021, which had 207 announcements.

Download the full report to see how HR technology is developing as 2022 comes to a close.

Tags: HR Technology, HRO Today Research

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