US technology industry saw a drop of 3.23% in overall artificial intelligence deal activity during January 2021, when compared with the last 12-month average, led by Teledyne Technologies’ $8.36bn acquisition of FLIR Systems, according to GlobalData’s deals database.
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A total of 90 artificial intelligence deals worth $10.65bn were announced in January 2021, compared with the 12-month average of 93 deals.
venture financing was the leading category in the month in terms of volume with 61 deals, which accounted for 67.8% of all artificial intelligence deals.
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In second place was M&A with 26 artificial intelligence deals, followed by private equity with three transactions, respectively accounting for 28.9% and 3.3% of overall deal activity in the US technology industry during the month.
In terms of value of artificial intelligence deals, M&A was the leading deal category in the US technology industry with total deals worth $9.47bn, while venture financing and private equity deals totalled $1.02bn and $150m respectively.
US technology industry artificial intelligence deals in January 2021: Top deals
The top five technology industry artificial intelligence deals accounted for 90.6% of the overall value during January 2021.
The combined value of the top five technology artificial intelligence deals stood at $9.64bn, against the overall value of $10.65bn recorded for the month.
The top five technology industry artificial intelligence deals of January 2021 tracked by GlobalData were:
1) Teledyne Technologies’ $8.36bn acquisition of FLIR Systems
2) The $640m acquisition of Kount by Equifax
3) $350m merger of Crescent Acquisition and LiveVox
4) The $150m private equity deal with BloomReach by Sixth Street Growth
5) Sienna Capital S.a and SoftBank Vision Fund’s venture financing with Globality for $138.3m.