WCM Investment Management’s $984.44m private equity with Amadeus IT Group was the technology industry’s biggest artificial intelligence deal of Q4 2020 as artificial intelligence deals worth $14.35bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 73.8% over the previous quarter of $54.73bn and a drop of 45.6% when compared with the last four-quarter average of $26.4bn.
In terms of number of artificial intelligence deals, the sector saw a rise of 8.98% over the last four-quarter average with 813 deals against the average of 746 deals.
In value terms, North America led the activity with artificial intelligence deals worth $6.23bn.
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By GlobalDatatechnology industry artificial intelligence deals in Q4 2020: Top deals
The top five technology industry artificial intelligence deals accounted for 19.8% of the overall value during Q4 2020.
The combined value of the top five artificial intelligence deals stood at $2.84bn, against the overall value of $14.35bn recorded for the quarter.
The top five technology industry artificial intelligence deals of Q4 2020 tracked by GlobalData were:
1) WCM Investment Management’s $984.44m private equity with Amadeus IT Group
2) The $683.16m acquisition of Sinch by SB Management Group
3) Baillie Gifford, Fidelity Management & Research, Greylock Partners, SoftBank Vision Fund one and T. Rowe Price Group’s $500m venture financing of Nuro
4) The $400m private equity deal with FireEye by Blackstone Tactical Opportunities Fund and ClearSky Ventures
5) Altimeter Capital Management, B Capital Group, BlackRock, ClearBridge Investments, Glynn Capital Management, New Enterprise Associates, Sapphire Ventures, Silver Lake Waterman, T. Rowe Price Group and Tiger Global Management’s venture financing with DataRobot for $270m.
