Total Technology industry artificial intelligence deals worth $5.6bn were announced globally for June 2022, with the $1.2bn private equity deal for 27% stake in DataBank Holdings being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 53.6% over the previous month of $3.64bn and a drop of 35.1% when compared with the last 12-month average of $8.61bn.

In terms of number of artificial intelligence deals, the sector saw a drop of 7.77% with 285 deals in June 2022 when compared to the last 12-month average of 309 deals.

In value terms, North America led the activity with artificial intelligence deals worth $2.69bn in June 2022.

Technology industry artificial intelligence deals in June 2022: Top deals

The top five artificial intelligence deals accounted for 39.8% of the overall value during June 2022.

The combined value of the top five artificial intelligence deals stood at $2.23bn, against the overall value of $5.6bn recorded for the month.

The top five Technology industry artificial intelligence deals of June 2022 tracked by GlobalData were:

1) Swiss Life Asset Management $1.2bn private equity deal for 27% stake in DataBank Holdings

2) The $300m venture financing of Beijing Megarobo Technology by GGV Capital,Goldman Sachs Asset Management,Harvest Capital,Pavilion Capital,Redview Capital,Sinovation Ventures,Starr Capital,Taihecap,U-Member Capital and Yumeng Capital

3) Asia Investment Capital Holdings,Goldman Sachs Asset Management Private Equity,Hongwei Capital,Jiyuan Capital,Pavilion Capital,Starr Capital,Taihe Capital,Yuanfeng Capital and Yumeng Capital $300m venture financing deal with Maggie Technology (Beijing)

4) The $225m venture financing of AlphaSense by Goldman Sachs Asset Management and Viking Global Investors

5) Shiprocket $200m acquisition of 80% stake in Pickrr Technologies Pvt.