Asia-Pacific’s technology industry saw a drop of 6.67% in artificial intelligence deal activity during February 2022, when compared with the last 12-month average, led by Jio Platforms’ $200m acquisition of Glance Digital Experience, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 84 technology industry artificial intelligence deals worth $1.3bn were announced for the region in February 2022, against the 12-month average of 90 deals.
Of all the deal types, venture financing saw most activity in February 2022 with 75 transactions, representing an 89.3% share for the region.
In second place was M&A with nine deals capturing a 10.7% share of the overall artificial intelligence deal activity for the month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
In terms of value of artificial intelligence deals, venture financing was the leading category in Asia-Pacific’s technology industry with $1.25bn, followed by M&A and deals totalled $4.27m.
Asia-Pacific technology industry artificial intelligence deals in February 2022: Top deals
The top five technology artificial intelligence deals accounted for 55.2% of the overall value during February 2022.
The combined value of the top five technology artificial intelligence deals stood at $692m, against the overall value of $1.3bn recorded for the month.
The top five technology industry artificial intelligence deals of February 2022 tracked by GlobalData were:
1) Jio Platforms $200m venture financing deal with Glance Digital Experience
2) The $188m venture financing of Inceptio Technology by Legend Capital and Sequoia Capital China
3) Sovereign Wealth Fund $121m venture financing deal with Insider
4) The $100m venture financing of Beijing Wisdom Tooth Technology by Hillhouse Ventures,Mirae Asset Global Investments,SoftBank Vision Fund 2 and Yun Qi Capital
5) NHN and SK E&S $83m venture financing deal with Parking Cloud