Led by $500m acquisition of WaveOptics, Europe’s technology industry saw a drop of 3.25% in artificial intelligence deal activity during Q2 2021, when compared to the last four-quarter average, 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 171 artificial intelligence deals worth $2.1bn were announced for the region during Q2 2021, against the last four-quarter average of 176.75 deals.

Of all the deal types, venture financing saw most activity in Q2 2021 with 131 deals, representing a 76.6% share for the region.

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.

Company Profile – free sample

Thank you!

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 form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was M&A with 30 deals, followed by private equity deals with ten transactions, respectively capturing a 17.5% and 5.9% share of the overall artificial intelligence deal activity for the quarter.

In terms of value of artificial intelligence deals, venture financing was the leading category in Europe’s technology industry with $1.48bn, while M&A and private equity deals totalled $520.8m and $78.17m, respectively.

Europe technology industry artificial intelligence deals in Q2 2021: Top deals

The top five technology artificial intelligence deals accounted for a 50.6% share of the overall value during Q2 2021.

The combined value of the top five artificial intelligence deals stood at $1.05bn, against the overall value of $2.1bn recorded for the quarter.

The top five technology industry artificial intelligence deals of Q2 2021 tracked by GlobalData were:

1) Snap’s $500m acquisition of WaveOptics

2) The $220m venture financing of Shift Technology by Accel, Advent International, Avenir Entreprises Gestion, Bessemer Venture Partners, General Catalyst Partners and Iris Capital

3) TCV’s $150m venture financing of Cognite

4) The $112.75m venture financing deal with parcelLab by Capnamic Ventures Management, coparionKG, Endeit Capital and Insight Partners

5) Accel, Amit Agarwal, Cavalry Ventures Management, Dawn Capital, James Fitzgerald, Lars Bjork, Notion Capital, Tiger Global Management and Ulf Zetterberg’s venture financing with BRYTER for $66m.