Market IntelligenceResearch & Best Practices

Human Resources New Technology Quarterly Summary: Q3 2023

After HR technology investment took a nosedive in the second quarter of 2023, the third quarter held the same trend with mild funding met with an increase in new products.

There was a glimpse of hope, as HR technology investment went up slightly compared to global VC investment that went down, increasing from $457 million in the second quarter to $638 million in the third — still nowhere near the $1 billion invested in the third quarter of 2022. Clearly, investors are still weary with concerns about the economy mixed with a focus on their already existing large investments.

Read the full report to learn more about the new products, investments, and acquisitions in HR technology.

 

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