1. Deals Analysis
March 21, 2022

Technology industry artificial intelligence venture financing deals total $1.3bn in Asia-Pacific in February 2022

By Carmen

Total technology industry artificial intelligence venture financing deals worth $1.3bn were announced in Asia-Pacific in February 2022, led by $200m venture financing of Glance Digital Experience, 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.

The value marked an increase of 63.2% over the previous month of $765.77m and a drop of 14.4% when compared with the last 12-month average of $1.46bn.

Asia-Pacific held a 32.05% share of the global technology industry artificial intelligence venture financing deal value that totalled $3.9bn in February 2022. With a 14.20% share and deals worth $553.78m, China was the top country in Asia-Pacific’s artificial intelligence venture financing deal value across technology industry.

In terms of artificial intelligence venture financing deal activity, Asia-Pacific recorded 75 deals during February 2022, marking an increase of 22.95% over the previous month and a drop of 5.06% over the 12-month average. China recorded 36 deals during the month.

Asia-Pacific technology industry artificial intelligence venture financing deals in February 2022: Top deals

The top five technology industry artificial intelligence venture financing deals accounted for 55.4% of the overall value during February 2022.

The combined value of the top five technology artificial intelligence venture financing deals stood at $692m, against the overall value of $1.3bn recorded for the month.

The top five technology industry artificial intelligence venture financing deals of February 2022 tracked by GlobalData were:

1) Jio Platforms $200m venture financing deal with Glance Digital Experience

2) The $188m venture financing of Inceptio Technology by Legend Capital and Sequoia Capital China

3) Sovereign Wealth Fund $121m venture financing deal with Insider

4) The $100m venture financing of Beijing Wisdom Tooth Technology by Hillhouse Ventures,Mirae Asset Global Investments,SoftBank Vision Fund 2 and Yun Qi Capital

5) NHN and SK E&S $83m venture financing deal with Parking Cloud

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

Topics in this article: