I gave 3 technical interviews for demandbase company, and I got to know from HR that I was not selected in third round but I did that really well. What might be the reason? I feel really depressed rn.

likehelpful
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Don't be sad brother, might be because of the current job market where companies aren't taking any chances and only extending an offer if they are 100% sure.
Similar thing happened with me last month at Morgan Stanley where I gave 3 technical rounds and then a Director level interview only to be ghosted by the recruiter.
It's not always in your hands and while I share the feeling of frustration you might be feeling, the only fruitful thing you can do is to keep attending more interviews to increase the probability of getting that job offer you're looking for.

I wish you all the very best in your job hunt.

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Same thing with me 3 weeks back I had given an interview and according me to it went well. Yesterday I got to know that I was not able to clear it.

yoe, tech stack and position?

fraud hiring

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