News and updates from TechCrunch's Meta Connect 2022 coverage

S&P Futures
3,610.25
+11.00(+0.31%)
Dow Futures
29,342.00
+76.00(+0.26%)
Nasdaq Futures
10,886.75
+41.75(+0.38%)
Russell 2000 Futures
1,703.20
+6.30(+0.37%)
Crude Oil
88.80
-0.55(-0.62%)
1,672.30
-13.70(-0.81%)
Silver
19.16
-0.33(-1.70%)
EUR/USD
0.9702
-0.0004(-0.04%)
10-Yr Bond
3.9390
+0.0510(+1.31%)
33.63
+1.18(+3.64%)
GBP/USD
1.0957
-0.0018(-0.16%)
USD/JPY
146.1230
+0.3240(+0.22%)
BTC-USD
19,081.86
+24.13(+0.13%)
CMC Crypto 200
433.30
+0.99(+0.23%)
FTSE 100
6,885.23
-74.08(-1.06%)
Nikkei 225
26,456.42
+55.17(+0.21%)

Daily Crunch: News and updates from TechCrunch's Meta Connect 2022 coverage

Christine Hall and Haje Jan Kamps

Wed, October 12, 2022, 7:05 AM·6 min read

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Hello, humans, and the hundreds of AIs that are probably reading this as well. May your day be full of joy. If you can’t feel joy today, be kind to yourself. Perhaps tomorrow is the day for joy. That goes for both humans and AIs, come to think of it. —Christine and Haje

The TechCrunch Top 3

Hope you have a great Meta Day: That’s right, we had a team monitoring the comings-and-goings of today’s Meta Connect developer conference, where we are sure Mark Zuckerberg was passionately talking about how to make the metaverse “a real boy,” and its next big bets. See the Big Tech Inc. section for more.
Help us help you: Human resources technology has gotten a lot of action in recent years as companies went into remote mode. Factorial is one of the companies reaping the benefits. Ingrid reports that the company brought in $120 million in new funding that doubles its valuation into unicorn territory as it builds out enterprise-quality HR for small businesses.
And in this corner…: NocoDB is throwing its hat into the ring as a viable contender for Airtable, offering an open source, no-code platform that connects to production databases. Paul has more.

Startups and VC

NextView Ventures announced today that it has raised a $200 million venture fund, its largest to date, split between an early-stage vehicle, at $135 million, and an opportunity vehicle, at $65 million, Natasha M reports. The fund also brings on Stephanie Palmeri, a founding partner of All Raise and former partner at Uncork, as an equal partner.

Indian startups raised $3 billion in the quarter that ended in September, down 57% from the previous quarter and 80% year over year. The figures are remarkable for many reasons, Manish reports. The most obvious being that startups are finding it difficult to raise capital at a time when most top-tier funds in India have raised record-large funds this year.