Total technology industry artificial intelligence deals worth $7.5bn were announced globally for July 2021, with the $1.13bn acquisition of Clarabridge being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 47.5% over the previous month of $14.29bn and a drop of 51.7% when compared with the last 12-month average of $15.52bn.
In terms of number of artificial intelligence deals, the sector saw a drop of 5.28% with 269 deals in July 2021 when compared to the last 12-month average of 284 deals.
In value terms, North America led the activity with artificial intelligence deals worth $5.49bn in July 2021.
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By GlobalDatatechnology industry artificial intelligence deals in July 2021: Top deals
The top five artificial intelligence deals accounted for 36.5% of the overall value during July 2021.
The combined value of the top five artificial intelligence deals stood at $2.74bn, against the overall value of $7.5bn recorded for the month.
The top five technology industry artificial intelligence deals of July 2021 tracked by GlobalData were:
1) Clarabridge $1.13bn acquisition deal with Qualtrics International
2) The $575m acquisition of AffectLayer by Zoominfo Technologies
3) Olive AI $400m venture financing deal with The Advancement Initiative and Vista Equity Partners
4) The $300m venture financing of DataRobot by Altimeter Capital Management,Counterpoint Global,Franklin Resources,ServiceNow Ventures,Sutter Hill Ventures and Tiger Global Management
5) Lion Semiconductor $335m acquisition deal with Cirrus Logic