North America’s technology industry saw a drop of 82.81% in artificial intelligence deal activity during July 2022, when compared with the last 12-month average, led by Avichal Garg, Elad Gil, Jack Altman, Keith Rabois and Stripe’s $40m acquisition of Pulley, 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 22 technology industry artificial intelligence deals worth $264.1m were announced for the region in July 2022, against the 12-month average of 128 deals.

Of all the deal types, venture financing saw most activity in July 2022 with 19 transactions, representing an 86.4% share for the region.

In second place was M&A with two deals, followed by private equity deals with one transactions, respectively capturing a 9.1% and 4.6% 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.

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

In terms of value of artificial intelligence deals, venture financing was the leading category in North America’s technology industry with $264.14m.

North America technology industry artificial intelligence deals in July 2022: Top deals

The top five technology artificial intelligence deals accounted for 63.6% of the overall value during July 2022.

The combined value of the top five technology artificial intelligence deals stood at $168m, against the overall value of $264.1m recorded for the month.

The top five technology industry artificial intelligence deals of July 2022 tracked by GlobalData were:

1) Avichal Garg, Elad Gil, Jack Altman, Keith Rabois and Stripe $40m venture financing deal with Pulley

2) The $40m venture financing of Arable Labs by Ajax Strategies, Galvanize Climate Solutions, Grupo Jacto, iSelect, M2O, Middleland Capital, Prelude Ventures, Qualcomm Ventures and S2G Ventures

3) Centana Growth Partners $33m venture financing deal with Zesty.ai

4) The $30m venture financing of AssemblyAI by Accel,Insight Partners and Y Combinator

5) Softbank Ventures Korea $25m venture financing deal with Aquabyte