1. Deals Analysis
February 18, 2022updated 23 Feb 2022 12:31pm

Technology industry artificial intelligence venture financing deals total $642m in Asia-Pacific in January 2022

By Carmen

Total technology industry artificial intelligence venture financing deals worth $642m were announced in Asia-Pacific in January 2022, led by $144.92m venture financing of QRAFT Technologies, according to GlobalData’s deals database.

 
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The value marked a decrease of 52.5% over the previous month of $1.35bn and a drop of 59.6% when compared with the last 12-month average of $1.59bn.

Asia-Pacific held a 12.76% share of the global technology industry artificial intelligence venture financing deal value that totalled $5.03bn in January 2022. With a 5.99% share and deals worth $301.5m, 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 48 deals during January 2022, marking a decrease of 37.66% over the previous month and a drop of 40.74% over the 12-month average. China recorded 25 deals during the month.

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

The top five technology industry artificial intelligence venture financing deals accounted for 72.6% of the overall value during January 2022.

The combined value of the top five technology artificial intelligence venture financing deals stood at $465.92m, against the overall value of $642m recorded for the month.

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

1) SoftBank $144.92m venture financing deal with QRAFT Technologies

2) The $126m venture financing of Aixin Technology by Beijing Heju Investment Management,GGV Capital,Glory Ventures,Inno-Chip,Legend Star Capital,Meituan and Qiming Venture Partners

3) Gaorong Capital,Sequoia China Seed Fund and Wuyuan Capital $100m venture financing deal with Hyperparameter Technology (Shenzhen)

4) The $50m venture financing of TheMathCompany by Arihant Patni and Brighton Park Capital

5) Sequoia Capital India and Tiger Global Management $45m venture financing deal with Avataar.Me

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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.

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