North America’s technology industry saw a drop of 6.86% in artificial intelligence deal activity during January 2021, when compared with the last 12-month average, led by Teledyne Technologies’ $8.36bn acquisition of FLIR Systems, according to GlobalData’s deals database.
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A total of 95 technology industry artificial intelligence deals worth $10.65bn were announced for the region in January 2021, against the 12-month average of 102 deals.
Of all the deal types, venture financing saw most activity in January 2021 with 63 transactions, representing a 66.3% share for the region.
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In second place was M&A with 28 deals, followed by private equity deals with four transactions, respectively capturing a 29.5% and 4.2% share of the overall artificial intelligence deal activity for the month.
In terms of value of artificial intelligence deals, M&A was the leading category in North America’s technology industry with $9.48bn, while venture financing and private equity deals totalled $1.02bn and $150m, respectively.
North America technology industry artificial intelligence deals in January 2021: Top deals
The top five technology artificial intelligence deals accounted for 90.5% of the overall value during January 2021.
The combined value of the top five technology artificial intelligence deals stood at $9.64bn, against the overall value of $10.65bn recorded for the month.
The top five technology industry artificial intelligence deals of January 2021 tracked by GlobalData were:
1) Teledyne Technologies’ $8.36bn acquisition of FLIR Systems
2) The $640m acquisition deal with Kount by Equifax
3) $350m merger of Crescent Acquisition and LiveVox
4) The $150m private equity deal with BloomReach by Sixth Street Growth
5) Sienna Capital S.a and SoftBank Vision Fund’s venture financing of Globality for $138.3m.