1. Deals Analysis
March 16, 2021

Technology industry robotics deals total $2.73bn globally in February 2021

By Carmen

Total technology industry robotics deals worth $2.73bn were announced globally for February 2021, with the $1bn acquisition of Innovyze being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 72.6% over the previous month of $9.97bn and a rise of 88.3% when compared with the last 12-month average of $1.45bn.

In terms of number of robotics deals, the sector saw a drop of 32.00% with 34 deals in February 2021 when compared to the last 12-month average of 50 deals.

In value terms, North America led the activity with robotics deals worth $2.6bn in February 2021.

technology industry robotics deals in February 2021: Top deals

The top five robotics deals accounted for 82.5% of the overall value during February 2021.

The combined value of the top five robotics deals stood at $2.25bn, against the overall value of $2.73bn recorded for the month.

The top five technology industry robotics deals of February 2021 tracked by GlobalData were:

1) Autodesk’s $1bn acquisition of Innovyze

2) The $750m venture financing of UiPath by Alkeon Capital, Altimeter Capital Management, Coatue Management, Dragoneer Investment Group, IVP, Sequoia Capital VI and Tiger Global Management

3) Bain &Inc, ICONIQ Growth, Madrona Venture Group, OpenView Advisors, Salesforce Ventures, Sapphire Ventures, Shasta Ventures Management and Tiger Global Management’s $200m venture financing of Highspot

4) The $150m venture financing deal of Standard Cognition by Charles River Ventures, EQT Ventures Fund, SK Networks, SoftBank Vision Fund II and TI Platform Management

5) Bond Capital Partners (UK), Prologis Ventures, Scale Venture Partners and Tiger Global Management’s venture financing deal with Locus Robotics for $150m.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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