Europe’s technology industry saw a rise of 18.46% in artificial intelligence deal activity during May 2022, when compared with the last 12-month average, led by New Frontier Technology Invest $29.93m private equity deal with Ontotext, according to GlobalData’s deals database.
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A total of 77 technology industry artificial intelligence deals worth $399.4m were announced for the region in May 2022, against the 12-month average of 65 deals.
Of all the deal types, venture financing saw most activity in May 2022 with 54 transactions, representing a 70.1% share for the region.
In second place was M&A with 17 deals, followed by private equity deals with six transactions, respectively capturing a 22.1% and 7.8% share of the overall artificial intelligence deal activity for the month.
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In terms of value of artificial intelligence deals, venture financing was the leading category in Europe’s technology industry with $314.03m, followed by private equity deals totalled $85.37m.
Europe technology industry artificial intelligence deals in May 2022: Top deals
The top five technology artificial intelligence deals accounted for 33.1% of the overall value during May 2022.
The combined value of the top five technology artificial intelligence deals stood at $132.18m, against the overall value of $399.4m recorded for the month.
The top five technology industry artificial intelligence deals of May 2022 tracked by GlobalData were:
1) New Frontier Technology Invest $29.93m private equity deal with Ontotext
2) The $28m private equity of Vade Secure SASU by Auriga Partners,Bpifrance (France) and Tikehau Ace Capital
3) Inovo Venture Partners,PeakSpan Capital and Rafal Brzoska $25m venture financing deal with Tidio Poland Sp z o.o
4) The $25m private equity of SingularityDAO and SingularityNET by LDA capital
5) DialCom24 $24.25m venture financing deal with Hotailors.com